State Bank of India: 2 Years Cash ISA Fixed Deposit

State Bank of India
Account:2 Years Cash ISA Fixed Deposit
Account type:Cash ISA
Tax status:Tax free
Rates & conditions
Headline interest rate 0.75% AER
Interest rate type Fixed for 24 months
Interest payment frequency Annually / Maturity
Rate tiers
Gross Rate Excluding BonusGross Rate Including BonusAER
Introductory bonus No introductory bonus payable.
Bonus payment conditions Not applicable.
Interest rate guarantees There are no interest rate guarantees.
Interest payment options to another savings account
Opening the account
Minimum age 18 years
Maximum age -
Minimum deposit £5,000
Account opened
Account conditions
  • Additional account
  • Withdrawal conditions
Transfers In Transfers in are permitted from other ISA Providers.
Managing the account
Minimum balance £5,000
Minimum withdrawal £0
Minimum additional deposit £0
Maximum balance -
Withdrawal conditions Withdrawal Conditions - No withdrawals are allowed on this product until the date of maturity. Closure and full transfers out permitted subject to 30 days notice. If account is closed within the first year of anniversary then only the principal money will be paid, no interest. If the account is closed after year 1 then the rate of interest paid is reduced by 1%.
Transfers out Full transfers out permitted subject to 30 days notice and the rate of interest paid is reduced by 1%.
Statement frequency not issued
Additional information none.