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Cargills Bank encourages Longterm savings, offers phenomenal interest rates for fixed deposits
Sun, 7 May 2017

Cargills Bank has introduced a variety of very attractive interest rates for long term Fixed Deposits for a limited time, to encourage consumers to save and invest in long term fixed income investments.

An incredible 18% interest on maturity for Five year fixed deposits is now on offer. The bank also offers 13 % for one year fixed deposits, followed by 14%, 15% and 16% for two year, three year and four year fixed deposits respectively assuring customers a better yield on their savings. In addition, the yield on a monthly payout for a 5 year Fixed Deposit is a very attractive 13%

A minimum investment amount of Rs.10,000 is required on a fixed deposit to enjoy this unprecedented experience by banking with Cargills Bank.

Mr. Buddhika Perera, Head of Retail Banking said: “The bank sees a promising opportunity in offering attractive interest rates for long term funds at this juncture. Our strong Capital structure allows us to now focus on attracting long term funds and encourage our customers to plan and save for their future.

He added “Cargills Bank believes in fostering a consistent pattern of saving that empowers the customers at all levels, driving their desire to save for the future. Fixed deposits are more than just an investment for customers as they are also a source of regular income and form the cornerstone of their financial support and backing. Our plan is to encourage an investment method that is secure, and delivers peace of mind to any investor.”

Cargills Bank offers an array of innovative and technologically advanced digital banking services to support customers with their daily banking. The bank is going through a digital expansion drive to increase customer touchpoints through Internet Banking, Mobile Banking and its innovative Cargills Cash Savings Account services where customers can carry out banking transaction through over 300 Cargills Food City branches islandwide, 365 days of the year from 8 am to 10 pm.

Cargills Bank is a fully fledged commercial bank providing a comprehensive portfolio of products and services to support personal and business banking needs from Current and Savings accounts, Fixed Deposits, Trade services and Treasury services.

At present Cargills Bank Head Office is at Kollupitiya. Altogether, the bank operates 14 branches island wide, the rest are located in Old Moor Street, Maitland Crescent, Maharagama, Kurunegala, Vavuniya, Matara, Jaffna, Chunnakam, Thanamalwila, Galle, Kandy, Peradeniya, and Nuwara Eliya.

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