13 months of interest for 12 month Fixed Deposits from Pan Asia Bank

Thursday, 21 May 2015 00:00 - - {{hitsCtrl.values.hits}}

Pan Asia Bank has come out with a special 12 month Fixed Deposit promotion scheme that pays an additional one month’s interest at maturity. Accordingly, customers can receive an annual effective interest rate of 7.85% inclusive of the one month bonus interest offered whereas the regular rate at maturity for a 12 month FD is 7.25%.

There is no limitation to the amount one can invest under this FD promotion and every investment is guaranteed the high return. Moreover a senior citizen (over 55 years of age) will receive a 1% additional interest over the regular published rate on their 12 month and 24 month Fixed Deposits. For Fixed Deposits exceeding 25 million or 24 months, customers can obtain special interest rates by visiting their nearest branch or by calling the bank on (011) 4 667 222.

In the current low interest environment most clients who relied on deposit interest income to support their livelihood are challenged to find suitable investment opportunities that combine high returns and maximum security for the capital. It is the recognition of this need that exists in the market that prompted Pan Asia Bank to come out with this special FD promotion which offers customers best of both worlds.

In short, the returns offered by Pan Asia Bank fixed deposits are extremely attractive when compared to similar investment opportunities in the market while being a highly secure investment.

In a Fixed Deposit, the return is guaranteed in comparison to most of the other forms of investments regardless of interest rate fluctuations. Also it is an easy to understand tried and tested secure investment method which will give peace of mind to any investor.

Pan Asia Bank is a licensed commercial bank which is regulated by the Central bank of Sri Lanka. The current Fitch rating of Pan Asia Bank is BBB (lka) which is an investment grade rating. Pan Asia Bank was recently recognised as the ‘Fastest Growing Commercial Bank in Sri Lanka 2014’ by Global Banking and Finance Review and the bank’s ground breaking product ‘Sammana’, the specialised banking product for senior citizens was recognised as the ’Most Innovative Banking Product in Sri Lanka 2014’. Pan Asia Bank is currently operating with 78 branches island-wide.