Find the latest State Bank of India CD Rates, Offers, and Promotions here.

Best CD Rates: 5.77% APY 12-Month Senior Citizen CD, 5.46% APY 24-Month Senior Citizen CD, $2500 Minimum

Availability: Nationwide

Credit Inquiry: Unknown

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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	4.90%	$2,500
6-Month	5.30%	$2,500
12-Month	5.67%	$2,500
24-Month	5.35%	$2,500
36-Month	4.84%	$2,500
60-Month	4.84%	$2,500
12-Month (Senior)	5.77%	$2,500
24-Month (Senior)	5.46%	$2,500
36-Month (Senior)	4.94%	$2,500
60-Month (Senior)	4.94%	$2,500

*The above rates are accurate as of 11/25/2023*

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

CD Rates at State Bank of India

(FDIC Insured)

Compare the best CD rates:
Alliant Credit Union 12-Month Certificate (4.05% APY)	Quontic Bank CD (Up to 4.25% APY)
Western Alliance Bank 3-Month CD (4.50% APY)	Western Alliance Bank 12-Month CD (4.25% APY)
Ponce Bank 3-Month CD (4.25% APY)	Blue Federal Credit Union 9-Month No Penalty CD (3.75% APY)
Sun Canyon Bank 11-Month CD (3.98% APY)	Ponce Bank 4-Month No-Penalty CD (4.15% 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:

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.