Highest Rates and Cash Rewards for FDs from Cargills Bank This Season

Sri Lanka’s most inclusive bank, Cargills Bank, has launched a range of special fixed deposits with the highest interest rate in the market, along with guaranteed cash rewards to delight savers this festive season. Savers can now enjoy a lucrative 7% p.a. interest rate on 1-year fixed deposits, along with an immediate cashback reward of 1% of the FD value to a new or existing Cargills Bank savings account. This new range of FDs can be opened at any Cargills Bank branch or Cargills Bank mini location.

Announcing the launch of the new high interest rate FDs, Mr. Senarath Bandara – Managing Director at Cargills Bank said, “As the festive season approaches, we understand that our customers are looking for ways to grow their savings and investments. Thus, we wanted to introduce a way to reward our customers when they save. Many people also look to enhancing their savings at this time of year, so we wanted to provide a really meaningful way of adding to and growing your savings. Presently, we are proud to say that our FDs are providing the highest rates in the market, while requiring customers to lock up their funds for only one year at a time. This product is also in line with our intention to serve as Sri Lanka’s most inclusive and empowering bank, at a time when everyone is looking to get the most from every rupee.”

With a vision to be Sri Lanka’s most inclusive bank driven by digital enablement, Cargills Bank is rated AA-(lka) by Fitch Ratings Lanka and is the financial services arm of the Cargills Group, providing a full range of banking and financial services. The Bank has also embraced the CBSL’s vision of a cashless society and was the first to issue and acquire LankaQR transactions in Sri Lanka, driving island-wide technology-based payment solutions.

In addition to branches, ATMs and digital channels, Cargills Bank accounts are also accessible through Cargills FoodCity outlets island-wide and enjoy free cash deposits and withdrawals at any Cargills FoodCity counter, courtesy of the Cargills Cash Service. Cargills Bank’s services include a full range of savings accounts, investment planner accounts, credit & debit cards, consumer loans, agriculture and micro financing, SME & business banking loans and trade facilities. The Bank also provides a range of flexible and convenient digital banking services, ensuring 24/7 access and absolute convenience.

Cargills Bank is headquartered in Colpetty in Colombo and maintains branches at Maitland Crescent, Maharagama, Old Moor Street, Wattala, Kandy, Peradeniya, Nuwara Eliya, Chilaw, Fort, Rajagiriya, Ratnapura, Thanamalwila, Matara, Galle, Kurunegala, Kaduruwela, Vavuniya, Chunnakam, Jaffna and Nawalapitiya.