STATE BANK OF INDIA
New York
All Amounts in USD
Current Interest Rate and Annual Percentage Yield(APY) on Money Market Deposit Accounts
Rates are effective from June 22,2020
Balance below $ 25,000 Balance of $ 25,000 & more
but below $ 250,000
Balance of $ 250,000 and more
but below $ 2,000,000
Balance of $ 2,000,000 and above
Interest Rate(IR) in (%) 0.20 0.25 0.30 0.35
Annual Percentage Yield(APY) in (%) 0.20 0.25 0.30 0.35

APY is applicable where interest is payable on cumulative basis.

Please read the complete disclosure of account terms and fee schedule in the Customer Manual

* Rates are subject to change without prior notice