We want to give families a product range that allow them to access money quickly or to secure their deposits for a longer period to guarantee a fixed rate of return for their children's savings. Save on behalf of a child – and benefit from our attractive range of services.
Looking for instant access or fixed-term options? Want to give your child or teenager a head start? Whatever your needs, we’ll help you get the best from your savings.
From 6 April 2016, your interest will be paid gross due to changes the government is introducing. Learn more about your Personal Savings Allowance.
Indicative Foreign Exchange Rates (up to GBP15,000.00 or equivalent in other currencies) for today:
INDICATIVE BID/OFFER RATE
We are glad to introduce the cross currency transfers (between GBP, USD and EUR accounts) functionality for SBI UK customers (both personal and business) via secure Internet Banking. This change now allows our customers cross currency transfers within their accounts. For example, a customer who holds a USD account can make transfers to his GBP/EURO account.
State Bank of India UK is pleased to announce the opening of two branches in Hounslow and Ilford. More details under contact us.
You can now activate your internet banking password online. Simply follow the login and verification procedures. For more information, please call our customer services team on 0800 532 532.
SBI UK is covered by the Financial Services Compensation Scheme (FSCS), which can pay compensation to depositors if a bank is unable to meet its financial obligations. Most depositors - including most individuals and small businesses - are covered by the scheme.
An eligible depositor may claim up to £75,000 in deposits under the scheme. For joint accounts, each account holder is treated as having a claim in respect of their share. So, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £75,000 each (totalling £150,000). The £75,000 limit relates to the combined amount in all the eligible depositor's accounts with State Bank of India UK Offices, including their share of any joint account, and not to each separate account.
For more information about the scheme, including amounts covered and eligibility to claim, please ask at your local branch, visit the FSCS website or call 0800 678 1100.