State Bank of India 5-year stepped fixed rate account

jayship

I looked at their website today only to find that u are locked in for 2 years after which withdrawals are allowed on each anniversary. 1st year 3.25 & 2nd year 4% = 7.25 over 2 years. Whilst Punjab Bank offers 3.75% anually which works out a @ 7.50 over 2 years. It is hard to predict the rates in 5 years time. (Punjab Bank offer closes at the end of September)
Bank of India is offering 3.65% over 2 years, Check their websites for details.

Sceptic001

jayship wrote: »

I looked at their website today only to find that u are locked in for 2 years after which withdrawals are allowed on each anniversary. 1st year 3.25 & 2nd year 4% = 7.25 over 2 years. Whilst Punjab Bank offers 3.75% anually which works out a @ 7.50 over 2 years. It is hard to predict the rates in 5 years time. (Punjab Bank offer closes at the end of September)
Bank of India is offering 3.65% over 2 years, Check their websites for details.

With many five-year fixed rate accounts you are locked in for five years!

Juliemaimorgan

Has this account been withdrawn? I can't see it on the Bank of India's website.
Regards,
Julie

Baldur

Juliemaimorgan wrote: »

Has this account been withdrawn? I can't see it on the Bank of India's website.

Withdrawn on 19/11/2010 according to eMoneyfacts