Fixed Deposits

A Fixed Deposit is a financial instrument supplied by banks which provide investors a higher rate of interest than a normal savings Account, until a given maturity date. It may not require the creation of a different account. Fixed Deposits give guarantee returns whereas normal funds don’t. FD’s have this unique advantage over mutual funds. FD’s are one of the safest financial products all around the world. We always have this belief that the banks would not fall. We have hardly come across many defaults in this regard. Most of the banks in Sri Lanka offer Fixed Deposit accounts with various interest rates depending on the period or the tenure of the deposit and other factors. The tenure offered with Fixed Deposits ranging from one weak to ten years, whereas the interest rate offered can be as 16% per anum.

The rates of interest payable to the Fixed Deposits.
From 01 week to 06 months – 13%
From 01 year to 02 years – 15%
Above 02 years – 15.5%
Come to our bank to get all details about different types of Fixed Deposits and their different types of interest rates or visit us on web site. Our dedicated efficient staff will assist you in this regard.