SOFR linked Floating Rate Deposits

Invest in SOFR linked floating rate deposits and stay aligned to market movements.

Key Features*

• A floating rate Deposit with minimum tenure of 1 month and maximum tenure of 5 years.

• The rate of interest offered will be based on daily compounded overnight SOFR rates (T – 2 basis) published by New York Fed plus spread decided by the IBU.

• Offered in USD.

• Minimum investment of USD 0.25 mio to a maximum USD 100 mio.

US Treasury Linked Term Deposits

Term Deposit linked to US Treasury Bills / Bonds

Key Features*

• Interest rate is fixed at the time of opening term deposit and linked to the ongoing yield of matching tenor US treasury plus a pre-decided spread.

• Offered in USD.

• The deposit can be placed for minimum 6 months to maximum 5 years of tenure.

• Minimum investment of USD 0.25 mio and maximum of USD 100 mio.

*For more information, please contact ibu@statebank.com / rnr.ibu@statebank.com

For more details on product features, please click.