bank rates

CD Rates Leaderboard For Oct. 9, 2013

Last week, we mentioned that the New York branch of the State Bank of India is the rare bank that tells you when it’s going to review its CD rates.

When this U.S. branch of India’s largest bank increased its 60-month CD rate to 2.10% APY on Oct. 2, it said the offer would be good through at least Oct. 8.

Well, the offer has been extended.

State Bank of India (www.statebank.com) continues to top our CD Rates Leaderboard with this 5-year offer. With a minimum deposit of $5,000, this deal will be available through at least Oct. 15, the bank announced on its website today.

It’s been nearly two years since the best nationally available bank offer paid more than it does today.

State Bank of India and five other banks all pay at least 2% on 60-month CDs.

Banks qualify for our rankings by imposing no restrictions on who can buy their certificates of deposit, either online or through the mail.

Compare these returns with the best CD rates from scores of banks in our extensive database.

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