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Commercial Bank of Ceylon has a special fixed deposit scheme offering competitive interest rates
Customers can now benefit from fixed deposit rates of up to 9% per annum, with a minimum deposit requirement of Rs. 500,000.
This scheme is designed to provide flexibility and higher returns to both individual and non-individual customers.
Flexible Deposit Options
The bank offers three distinct deposit periods for customers to choose from: 100 days, 200 days, or 300 days. This flexibility allows customers to select a term that best suits their financial goals and liquidity needs.
Here’s why this deposit scheme stands out:
- Deposit Periods: The fixed deposit can be placed for 100, 200, or 300 days, providing short-term saving solutions.
- Minimum Deposit: Customers can start saving with a minimum amount of Rs. 500,000, making it accessible to a wide range of savers.
- Interest Payment: Interest is compounded and paid out at the maturity of the deposit, ensuring maximum returns.
Eligibility Criteria
Both personal and non-personal customers are eligible to open these fixed deposits. Eligibility is subject to the prevailing guidelines of the bank and the Central Bank of Sri Lanka.
Interest Rates
Commercial Bank is offering a higher interest rate for eFDs placed through ComBank Digital and Flash Digital Bank Accounts. This initiative encourages digital banking while rewarding customers with enhanced returns.
| Deposit Period | Interest Rate (p.a.) | Annual Effective Rate |
|---|---|---|
| 100 Days Fixed Deposit | 7.00% | 7.18% |
| 200 Days Fixed Deposit | 9.00% | 9.18% |
| 300 Days Fixed Deposit | 7.50% | 7.55% |
For customers seeking to maximize their savings, this fixed deposit scheme by Commercial Bank is a compelling option.
To learn more about how you can benefit from these competitive rates, click here.
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