Find the latest State Bank of India CD Rates, Offers, and Promotions here.
Best CD Rates: 4.33% APY 12-Month Senior CD, 4.33% APY 24-Month Senior CD, 4.59% APY 60-Month Senior CD, $2500 Minimum
Availability: Nationwide
Credit Inquiry: Unknown
About State Bank of India
With headquarters in Mumbia, State Bank of India has been expanding for over 200 years to provide their members with the best customer service and financial tools. They are the oldest commercial bank on the Indian subcontinent.
State Bank of India offers a vast array of products including CD options for all of your specific financial needs. From checking and savings account to loans and CDs, you are bound to find one that works for you.
| Term | APY Rate | Minimum Deposit |
| 3-Month | 1.75% | $2,500 |
| 6-Month | 3.35% | $2,500 |
| 12-Month | 4.33% | $2,500 |
| 24-Month | 4.33% | $2,500 |
| 36-Month | 4.33% | $2,500 |
| 60-Month | 4.49% | $2,500 |
| 12-Month (Senior) | 4.43% | $2,500 |
| 24-Month (Senior) | 4.43% | $2,500 |
| 36-Month (Senior) | 4.43% | $2,500 |
| 60-Month (Senior) | 4.59% | $2,500 |
*The above rates are accurate as of 12/16/2022*
State Bank of India CD Rates
CDs are a certificate issued by a bank to a person depositing money for a specified length of time. Usually the longer of a term, the higher APY rate you make.
With as little as $2,500, you can invest in a State Bank of India CD account to maximize your earnings. Compare their offering now to find the solutions that fit best with your savings goals. If you’re interested in making a higher rate than a traditional savings account then make sure to check out below CD rates.
- Minimum deposit: $2,500
- Maximum deposit: None
- Early withdrawal penalty: Amount not specified
(FDIC Insured)
| Compare to the best CDs such as Bellco Credit Union 17-Month CD (5.00% APY), Sallie Mae Bank 27-Month CD (5.15% APY), CIT Bank 18-Month CD (4.60% APY), Blue Federal Credit Union 15-Month CD (4.80% APY), Quontic Bank 12-Month CD (4.75% APY), Sallie Mae 14-Month No-Penalty CD (4.75% APY), and Western Alliance Bank 12-Month CD (5.01% APY). |
State Bank of India CD Features
- Low minimum balance requirement
- Competitive rates on all CD terms
- Free online and mobile banking
- Insured by the FDIC up to the maximum allowed by law
Bottom Line
With a unique selection of CD lengths to choose from, you can be sure to find an account that best fits all your banking needs. Take advantage of a low required minimum balance of just $2,500.
This is ideal for accounts like Certificate of Deposits, which require very little maintenance. The rates are worth a look, but always compare them with the nation’s best using our guides: CD Rates | Savings Rates.
*While State Bank of India does have competitive rates with their launch, their product line is limited. I recommend to take a look at Discover Bank Promotions here
This is a great opportunity to invest in a high-interest CD from State Bank of India. However, you may want to compare them with our best CD Rates:
- Best 6-Month CD Rates
- Best 9-Month CD Rates
- Best 12-Month CD Rates
- Best 18-Month CD Rates
- Best 24-Month CD Rates
- Best 36-Month CD Rates
- Best 48-Month CD Rates
- Best 60-Month CD Rates
You might even find yourself earning more than a regular savings account. Be sure to apply as soon as you can to start your new account experience. Check back often for the latest State Bank of India CD rates!
Disclaimer: Rates / APY terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts. Bank, thrift and credit union deposits are insured by the FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.
SBI currentaug 1, 2019 rates are 2.68 APY for a 36 month CD. … Just FYI
Thanks Amita. It has been updated.