Cargills Bank encourages savings Habits in Avurudu season with high interest | Daily News

Cargills Bank encourages savings Habits in Avurudu season with high interest

Cargills Bank Head Office
Cargills Bank Head Office

As the Avurudu festivities get underway, Cargills Bank has introduced attractive special interest rates for one year, six months and three months fixed deposits with the intention of nurturing the habit of ‘Saving’ among the public.

An attractive 13.25% (13.25% a.e.r) interest on maturity for one year fixed deposit product is now available. The bank also offers 12.75% (13.16% a.e.r) for 6 months and 11.50% (12.01% a.e.r) for 3 months fixed deposit products assuring a higher yield for customers’ investments.

Buddhika Perera, Head of Retail Banking at Cargills Bank  

Buddhika Perera, Head of Retail Banking at Cargills Bank said, “The bank’s motive is to encourage customers to make smarter long term investments and save to support their financial future. As the spending pattern of public goes relatively high during April season, the bank firmly believes that offering special returns for fixed deposit products would nurture the habit of ‘Saving’ while spending, thus adding true value for their hard earned money”.

“We have also attuned to changing consumer lifestyle and customer convenience by enabling customers to transfer funds and open their fixed deposit products simply online through our mobile and internet banking services without having to visit a branch.”

In addition to the fixed deposit promotion, the bank has introduced a special cash-back promotion with Card products. “Special 25% cash back at Cargills Food City” is now available for customers. The cash-back is set up to credit customers’ savings account which further offers an incredible interest rate of up to 8.25%.p.a.

‘Cargills’ is a brand that has been faithfully serving Sri Lankans for 175 years, built on a foundation of values and ethics. True to this heritage, Cargills Bank is taking banking to the masses by being inclusive and accessible. Cargills Bank is a fully-fledged licensed commercial bank with a BB (lka) Fitch Rating.

Cargills Bank’s Head Office is in Colpetty, with branches at Maitland Crescent, Maharagama, Old Moor Street, Wattala, Rajagiriya, Kandy, Peradeniya, NuwaraEliya, Ratnapura, Thanamalwila, Matara, Galle, Kurunegala, Chilaw, Kaduruwela, Vavuniya, Chunnakam and Jaffna.

 


 

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