Cargills Bank Smart Saver, a smart savings choice

Following are excerpts of an interview with Cargills Bank DGM Consumer Banking Lewie Diasz on the savings product offered by Cargills Bank

Q: Can you tell us about the transactional accounts offered by Cargills Bank?

A: Cargills Bank offers personal and business, savings and current accounts which we feel gives added value to our customers. 

 

Q: What are the specialties of your savings account, Smart Saver?

A: Cargills Bank always focuses on our customers and the Smart Saver is tailored to offer attractive benefits to the account holder. We offer higher interest rates for our customers through this product.

 

Q: What are the other benefits that the customers would receive through this product?

A: There are numerous benefits that customers would enjoy with Smart Saver. Among the most notable are the ease of access, minimum required balance and the affordable initial deposit that is required. Accessibility wise, as Cargills Bank has joined with Lanka Pay, customers can make withdrawals from over 2500 ATMs island wide. Additionally, Cargills bank customers who withdraw money from an ATM that belongs to any one of the 11 banks that has joined Lanka Pay are allowed to make four ATM transactions per month free of charge, at our cost. There is no minimum balance to be maintained and the initial deposit amount is Rs. 1000.00. Any person over the age of 18 years can open an account at any one of our branches.

 

Q: To which segment of the market does the Smart Saver cater to?

A: The Smart Saver is tailored to the mass segment. However we are also looking at it as an investment opportunity for our customers. 

 

Q: Can you tell us a little bit more about Cargills bank?

A: Cargills Bank Ltd. is a fully fledged commercial bank with three branches located at Kollupitiya, Maitland Crescent, and Old Moor Street, providing a range of services and products, including current and savings accounts, fixed deposits, trade services and Treasury services.

The bank’s vision is to establish itself as an inclusive bank providing value to all its customers across all segments it serves. It is backed by strong shareholders whose companies’ brands, financial performance, market share and business foresight have been highly recognised in their respective fields and provide strength and stature to Cargills Bank. 

The bank advocates responsible banking practices, supports individuals and organizations in achieving their financial goals, with our prudently managed operations and investments in people, process and systems. The bank offers simplified banking solutions to customers with simple yet innovative and attractive banking products.