Seylan strides ahead with unmatched interest rates

Seylan Bank said yesterday that it has enhanced fixed deposit rate to an “unmatched” 14%.

The move, it said, was truly to exemplify Seylan’s motto ‘The Bank with a Heart’.

“The enhancement has been carried out to give maximum benefit to citizens who have worked the better part of their lifetime to earn and save,” a spokesman said in a statement.

For this purpose customers can now invest their hard earned money in a fixed deposit and draw interest on a monthly basis or alternatively make investments for a period of one month, three months, six months, one year, two years, three years, four years or even stretch the investment up to a period of five years.

In addition to the above, the scheme specifically caters to the senior citizens category aged above 55 years, offering them an additional 1%, over and above the bank’s normal interest rate for the monthly interest option.

Clients investing in fixed deposits are also entitled to the attractive Thagi Pita Thagi gift scheme.