State Bank of India's Offer on GICs

[titleeboy]

Hi

Recived in mail:

GIC's with higher interest rates

Term : One Year

Rate of Interest: 4.15 for CAD Deposits
5.00 for USD Deposits

Minimum Amount: 25,000

Period of Offer: upto 30 April 2006

Early Bird Incentive: Gift Card $ 20.00 CAD (till 31st March)

FESTIVAL OFFER LINK (http://sbicanada.com/advertisement.htm)

titlee

[BadDrafter]

How reliable is this "Bank of India"?

[Div]

From the OP's link:
CAD deposits are insured upto maximum coverage limitations outlined in our CDIC brochure.

[ALsat]

I don't know if I'd wanna lock 25G @ 4.15% for the whole year though.

[titleeboy]

Hi

Government owned main bank of India, branches in many countries. In canada CDIC insured

http://www.statebankofindia.com/ (main website)
http://sbicanada.com/ (canadian website)

titlee

[Steeve Urkel]

sounds allright.

that means the govt insures your inversments up to $50,000.

i guess as long as u don't invest more than 50k in the same place u should be fine :razz:

[Agent_J]

sounds allright.

that means the govt insures your inversments up to $50,000.

i guess as long as u don't invest more than 50k in the same place u should be fine :razz:
CDIC actually covers up to $100,000 ;)