Seylan Bank offers senior citizens 1% additional interest, more benefits for FDs

Seylan Bank exemplifying its motto the ‘bank with a heart’, has increased the Fixed Deposit rate with more benefits.

The enhancement has been given to maximise the benefit to senior citizens who wish to invest their hard earned funds and enjoy decent returns.

For this purpose customers can now invest their savings in a Seylan Bank Fixed Deposit at an interest rate of 13% (one month), 14.5% (three months) and 15% (six months) or alternatively make investments for periods of one year (15.5%), two years (15%), three years (15%), four years (15%) or even stretch the investment up to a period of five years (16%).

Seylan Bank has identified the requirement of the senior citizens(over 55 years old) and offers 1% additional interest rate over and above the normal rate for all the Fixed Deposits (at maturity and as well as interest paid monthly, the additional rate has been incorporated in the rates stated above).  

Seylan Bank further extends its services to customers who invest in a four or five year fixed deposit by rewarding them with free vouchers in the first year of investment, to the value of 0.1% of the deposit, to pay utility bills (water, electricity and telephone) in order to provide some relief towards the high cost of living.  

Furthermore, an instant loan of up to 90% of the Fixed Deposit or a Seylan Credit Card could be obtained at any given time.

Seylan Bank offers 0.5% additional interest rate for NRFC and RFC accounts of senior citizens for saving in foreign currencies.

The senior citizens could enjoy all the above benefits, even if the spouse is below the age of 55 years old, in the case of a joint account when only one of the spouses is over the age of 55 years.

The customers are offered banking services from Seylan’s countrywide network of branches and banking centres, during weekdays with extended banking hours and during weekends (Saturday or Sunday) till 12 noon. Other convenient banking services such as Internet and SMS banking facilities are also offered free of charge.