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State Bank of India 5-year stepped fixed rate account

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Comments

  • jayship
    jayship Posts: 387 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    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
    Sceptic001 Posts: 1,111 Forumite
    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
    Juliemaimorgan Posts: 6 Forumite
    Has this account been withdrawn? I can't see it on the Bank of India's website.
    Regards,
    Julie
  • Baldur
    Baldur Posts: 6,565 Forumite
    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    Has this account been withdrawn?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    Withdrawn on 19/11/2010 according to eMoneyfacts
This discussion has been closed.
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