Hi-Yield Advantage MMDA

(New Customers & New Money Only)

 

Time to take advantage of great rates. 

 

Here is a great way to earn competitive interest while keeping your money secure. At State Bank of India (California), we focus on understanding you and your banking needs, whether it's earning interest, or assisting you in managing your money quickly and easily, with our 24-hr online banking, mobile banking and much more.

 

Hi-Yield Advantage MMDA 

Features

Minimum Initial Deposit

$500 (New Money Only)

Monthly Service Charges

$15 per month

Required Monthly Balance to Waive Monthly Service Charges

$500

Tiers

 

 TIERS  FROM TO  INTEREST APY1 
Tier 1  $500 $4,999.99 0.25% 0.25%
Tier 2   $5,000 $74,999.99 0.40% 0.40%
Tier 3  $75,000 $149,999.99  0.50%  0.50%
 Tier 4  $150,000 $250,000 0.65% 0.65%
 Tier 5  $250,000 And Above  0.60%  0.60%

 

Account Transactions Per Month and Transaction Fees

Six; $10 fee will be charged for each transaction exceeding six per month

Online Banking

Included

Mobile Banking

Included

1APY refers to Annual Percentage Yield and is accurate as of 08/25/2020. 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 could reduce earnings on the account. For further information about terms and conditions, see the Personal Banking Schedule of Fees and Charges and Terms and Conditions of Your Account, call toll-free 1.877.707.1995 or visit a location near you.  

 

 

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