Hi-Yield Interest Checking & Savings

(New Customers & New Money Only)

 

Banking That Adds Up. 

 

Time to upgrade your Checking and Savings accounts. Hi-Yield Interest Checking allows you to earn interest on your everyday balance and our Hi-Yield Advantage Savings allows you to earn 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, we have ways to help you manage your money quicker and easier with 24-hr online banking, no-fee online remittance to India, international VISA debit card, bill pay, mobile banking and much more.

 

Hi-Yield Interest Checking1

Requirements to waive monthly services fee:

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.
  • Make at least 2 Bill Payments OR 2 Point-of-Sale (POS) debit transactions per statement cycle.
  • Enroll in State Bank of India (California)’s mobile banking app.

 

Features

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.
  • Make at least 2 Bill Payments OR 2 Point-of-Sale (POS) debit transactions 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

15 checks free per month; $0.15 per check over 15

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.

Free Online Banking

Included

Free Mobile Banking

Included

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.

Hi-Yield Advantage Savings1

Requirements of the account:

  • New money only (initial deposit).
  • Must be opened at the same time as the Hi-Yield Interest Checking account.
  • Must have one or more direct deposit, or internal transfers from Hi-Yield Checking account of $100 or more per statement cycle to waive $5 monthly fee.

 

Features

Minimum Initial Deposit

$500

Monthly Service Charges

$5 per month

Requirement to waive Monthly Service Charges

  • Must be opened at the same time as the High-Yield Interest Checking account, and
  • Must have one or more Direct Deposit or ACH, or internal transfers from Hi-Yield Checking account of $100 or more per statement cycle

Interest Tiers

  • $500 - $4,999.99         Tier 1 - 0.30%

  • $5,000 - $9,999.99      Tier 2 - 0.75%

  • $10,000 - $100,000   Tier 3 - 1.25%

  • $100,000.01 or more    Tier 4 - 0.75%

Account Transactions Per Month

 6 Per month $10 fee per transaction over 6

Free Online Banking

Included

Free Mobile Banking

Included

 

1. New money only. 2.Maximum balance to earn Tier 3 interest is $100,000.

 

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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