Union Bank launches unique three-month FD

Monday, 20 August 2012 00:02 - - {{hitsCtrl.values.hits}}

Union Bank of Colombo PLC has launched a new three-month fixed deposit with unique features that will enable customers to take advantage of short-term investments.

Union Bank’s new three-month fixed deposit pays an attractive interest of 14% p.a. and in addition pays the entire three months interest upfront to customers and charges no penalty charge on premature withdrawals.

As a bank synonymous for the launch of many innovative financial products which have been the first in the banking industry in Sri Lanka, this is yet another innovative product that will provide high returns to customers as well as the flexibility of managing their savings with greater convenience.

Union Bank is one of Sri Lanka’s fastest growing banks, focusing on Small and Medium Enterprises and retail sectors with a rapidly expanding branch network.