Singer Finance offers fabulous gifts for Fixed Deposits and Kids’ Savings Accounts

Singer Finance Lanka PLC offers a range of valuable gifts for every savings and fixed deposit account opened besides the extremely attractive interest rates offered on children savings account balances and fixed deposits.   

Through Singer Finance’s ‘Ithurum Wasanthaya’ scheme for fixed deposits, customers who place a fixed deposit of Rs. 250,000 and above will be entitled to attractive gifts which will undoubtedly come in handy for their day-to-day household chores and lifestyle. This scheme is valid till 31 July. 

A fixed deposit holder of Rs. 250,000 can select from an impressive choice of gifts including a Prestige gas burner, a microwave or a Huawei mobile while a Rs. 500,000 fixed deposit holder has the enviable choice to select between the latter two items.   

For deposits of Rs. 1 million, Singer Finance offers a handsome range of gifts including a 32” Singer LED TV, a washing machine, a Sisil refrigerator or a Huawei mobile to choose from. 

At the higher tier, Rs. 2 million deposit holders can select from an impressive range of gifts including a 40” Singer LED TV, a gas burner with an oven, a notebook and a Sisil refrigerator. To be eligible for this scheme, fixed deposits must be made for a period of 15 months. All these deposits will provide the holder a yield of 9% per annum, while holders who opt from receiving a gift will be offered an even higher return of 10.25%. Senior citizens will receive an additional 1% interest over the normal rate. 

“As the household name in all financial services, Singer Finance Lanka PLC upholds the true value of sharing gifts among loved ones and relatives,” noted Singer Finance (Lanka) PLC Manager-Deposits Radhika Perera.

“We believe in the timeless tradition of spreading goodwill among everyone offering a bag full of gift items to those who save their hard earned money with the company,” she added. 

Offering customers a bountiful return, Singer Finance also recently increased interest rates for all deposit periods. 

Under its ‘Muthu Ithurum Wasanthaya’ children’s scheme initiated to inculcate savings habit from a younger age, the Singer Finance team has lined up fabulous gift items ranging from kids’ wrist watches, school items to laptops and kids’ bedroom furniture depending on the quantum of the savings deposited. Singer Finance also provides the option of a gift voucher for the same value. Any children’s account with an amount between Rs. 5,000 to Rs. 25,000 will receive free school items and children who have more than Rs. 50,000 in their account will receive a bicycle or a gift voucher from Singer Plus for the similar value. 

Children holding a Savings Account with a balance of Rs. 100,000 will receive a children’s cupboard or a gift voucher. Account holders with a balance of Rs. 300,000 will be gifted a laptop or a children’s bedroom furniture set. Additionally, Singer Finance also offers the parent the option to decide between the long term return instead of the gift for their children as the company offers a higher return of 7% for savings accounts for those who do not choose the gift. 

The eligible gifts could be obtained through Singer Finance’s network of 20 branches across key locations in the island. Singer Finance Lanka PLC is backed by Singer Sri Lanka PLC – the market leader in household needs and consumer durables in Sri Lanka.