State Bank of India (SBI) is the advertising of certificates of deposit which have several levels of interest rates. Certificates of deposit are to sentences ranging from 3 months to 5 years or more. Their bank CD interest rates are some of the best high interest CD rates around these days.

State Bank of India, which is the largest bank in India, has operations in the United States. There is a minimum deposit of $ 5000 for resident consumers in the United States and customers of the company. The minimum deposit for non-US resident consumers and businesses is $ 10,000.
SBI current certificate of deposit APY

* TRA 3 months highest CD rate 0.75%
* TRA 6 months CD 1.31%
* TRA 12 months CD 1.56%
* TRA 24 months CD 2.07%
* TRA 36 months CD 2.47%
* TRA 60 months bank CD rate 3.19%

As with all certificates of deposit there are penalties for early withdrawal. SBI charges the following for a quick withdrawal.
Penalty for early withdrawal

term CD * 1 month to less than 1 year – 30 days interest
term CD * 1 year to less than 3 years – 90 days interest
term CD * 3 years to less than 5 years 180 days interest
term CD * 5 years and over – 270 days interest

For more information and statebank.com visit, current bank CD rates comparison.