Hi-Yield Interest Checking & Savings

 (Only available in-branch)

Hi-Yield Interest Checking and Savings Banner Image

Banking That Adds Up. 

 

Time to upgrade your Checking and Savings accounts. High-Yield Interest Checking lets you earn interest on your everyday balance, and our High-Yield Advantage Savings offers better interest rates to help you save more. At State Bank of India (California), we focus on understanding you and your banking needs, whether it's earning interest, no monthly maintenance fees, or no minimum balance requirement. Plus, SBIC offers ways to help you manage your money quickly and easily with 24-hr online banking, no-fee online remittance to India, international VISA debit card, bill pay, mobile banking and much more.

High-Yield Interest Checking1 

Features & Benefits:

Minimum Initial Deposit

 $100

Monthly Service Charges

 $15 per month

Requirement to waive Monthly Service Charges
  • Make at least 1 Direct Deposit of $500.00 or more from pension, credit of your salary, Social Security or other regular monthly income per statement cycle.
  • Enroll in State Bank of India (California)’s mobile banking app

Monthly Statements

 E-statement only; $5 per paper statement

Monthly Check Writing

 No restrictions.

ATM Fee Rebates Per Month

 Auto reversal of up to 10 out-of-network ATM usage fees (domestic or International) per month within one working day. We do not charge international transaction fee for purchases made anywhere in the world.

Online Banking

Included

Mobile Banking

Included

Requirements of this account:

You must meet all of the following required conditions on a monthly basis from the date of opening the account:

  • New money only (initial deposit)
  • Make at least 1 Direct Deposit of $500.00 or more from pension, credit of your salary, Social Security or other regular monthly income per statement cycle.
  • Enroll in State Bank of India (California)’s mobile banking app

Get In Touch

Hi-Yield Advantage Savings1 

Features & Benefits:

Minimum Initial Deposit

$500

Monthly Service Charges

 $5 per month

Requirement to waive Monthly Service Charges
  • Must have one or more Direct Deposit or ACH transaction of $100 or more per statement cycle

Interest Tiers

Minimum daily balance required to obtain APY.

 

  • $500 - $4,999.99         Tier 1 - 0.15% APY

  • $5,000 - $9,999.99      Tier 2 - 0.25% APY

  • $10,000 - $100,000     Tier 3 - 0.30% APY

  • $100,000.01 or more    Tier 4 - 0.35% APY

Account Transactions Per Month

 No restrictions

Online Banking

Included

Mobile Banking

Included

Requirements of the account:

  • New Money Only (initial deposit)
  • Must have one or more direct deposit or ACH transaction of $100 or more per statement cycle to waive $5 monthly fee.

Get in Touch

1New money only. Tiered rate account. You will be paid the stated interest rate only on that portion of the daily balance within the specified tier. APY refers to Annual Percentage Yield and is accurate as of 7/25/2022. Interest is compounded daily and paid monthly. Interest is calculated and accrued daily based on the daily collected balances in the account. The account requires a minimum opening deposit based on tier and APY and is listed above. Rates may change at any time without prior notice, before or after the account is opened. Fees and charges may reduce the earnings. For additional information on fees and charges, please visit the Personal Accounts Schedule of Fees and Charges, call us at 1-877-707-1995 or visit your preferred local branch.

 

 

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