State Bank of India 7.5%

silentfox

..no mention in top fixed rate accounts section on this site, any reason?

Any views on the bank?

http://www.sbilondon.com/

pressuredrop_2

silentfox wrote: »

any reason?

Fix for 5 years?

simreb

Bank of India 5 years at 7.5% Bond recommended by Moneysupermarket.com
Is this bank safe, do they have the £35000 guarantee. No info about it on this site

Stavros_3

simreb wrote: »

Bank of India 5 years at 7.5% Bond recommended by Moneysupermarket.com
Is this bank safe, do they have the £35000 guarantee. No info about it on this site

It is, have a look at the front page below the Welcome to the financial gateway of India banner
http://www.sbilondon.com/

Paul_Herring

silentfox wrote: »

Any views on the bank?

http://www.sbilondon.com/

Well the website looks a bit tacky - that 1990's web-counter at the bottom of the front page for example.

Minimum deposits (despite them saying they're low) aren't
http://www.sbilondon.com/deposits.htm#four :

Fixed Deposits
[...]
Low minimum deposit amount (GBP10,000.00, USD20,000.00, EUR20,000.00)

They are registered though: http://www.fsa.gov.uk/register/firmBasicDetails.do?sid=77580

Baldur

Paul_Herring wrote: »

Minimum deposits (despite them saying they're low) aren't
http://www.sbilondon.com/deposits.htm#four :

That's for fixed terms in excess of 1 year, 1 year a/c minimum is £1,000 - see http://www.sbilondon.com/sbi_hireturn_final.pdf

stogiebear

5 years at 7.5 FIXED interest.

I'm definitely putting 52,250 their way when I walk into their Manchester branch later this month.

In 5 years it'll be worth 75,000 as I don't pay tax as a mostly expat!

Seems like a good deal to me and I too am wondering why it doesn't feature on this site up their with the traditional favourites.

pressuredrop_2

stogiebear wrote: »

I too am wondering why it doesn't feature on this site up their with the traditional favourites.

Fix for 5 years?