5 Years Cash ISA Fixed Deposit - State Bank of India

5 Years Cash ISA Fixed Deposit

State Bank of India
1.25 % AER
Headline Interest Rate
For 60 months
Compensation Scheme
£ 5,000 min initial deposit
Unlimited max balance
  • Open By:

About the account

Account Type: Fixed Term
Headline Interest Rate: 1.25 % AER
Headline Interest Balance: £ 5,000
Protection Scheme: This account is covered by the Financial Services Compensation Scheme.
Transfers In: Transfers in are permitted from other ISA Providers.
Minimum Initial Deposit: £ 5,000
Date account was introduced: 14 Sep 2016

This account may be appropriate for you if

  • You haven't already opened a Cash ISA this year
  • Your are happy not accessing your money for 60 months
  • You are happy not withdrawing funds before the end of the term
  • You are over 18 years of age

Rate details

Gross Rate
Excluding Bonus
Gross Rate
Including Bonus

Account access

Open account byManage account by
Interest Payment Option
Interest Added to Account
Interest Paid to Other A/c
Interest Paid to Bank A/c
Interest Paid by Cheque
Interest Payment Frequency: annually, maturity
Minimum Balance: £ 5,000
Maximum Balance: Unlimited
Statement Frequency: not issued
Additional Deposits: Not allowed
Standing Orders: Not allowed
Account Certificate: Account Certificate available.


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%.
Notice and Penalty Charge: There are no withdrawal conditions.
Free Withdrawal Conditions: No withdrawals permitted during term.
Transferred on Maturity: Customer Contacted. If no instructions at the end of the fixed term, the total amount will be re-invested for the same term.


Additional Account Required: To be eligible for this account applicants must also open a separate savings or current account with SBI UK. The Interest will be paid into this account.
Additional Subscriptions Permitted: This account does not let you transfer ISA savings from a deceased spouse

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