State Bank of India has gotten aggressive with its rates, offering the highest 24, 36, and 60 month CD rates. The rates they are offering are:
- 24 month certificate of deposit: 4.78% APY
- 36 month certificate of deposit: 5.09% APY
- 60 month certificate of deposit: 5.30 % APY
These are top cd rates according to the BestCashCow rate tables.
They are largely unknown in the US but are part State Bank of India, India's largest commercial Bank in terms of profits, assets, deposits, branches and employees. They are FDIC insured. For a further review of their offering, please visit the State Bank of India page on BestCashCow.
Comments
JRodgers
September 04, 2008
The rates are strong and it is FDIC insured, but I still wouldn't sleep well. Why deal with these guys for a couple off basis points? One year CD rates with the likes of IndyMac and WaMu are perfectly compelling.
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Sam Cass
September 04, 2008
Their 2 and 3 year cds are almost 30 basis points higher than the next bank. That's a significant difference.
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jrr7
September 05, 2008
Are you trolling there JRodgers? everybody knows IndyMac went bust and WaMu will do the same by the end of the year.
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