Cargills Bank fosters senior citizens fixed deposits with Cargills Food City

Friday, 8 November 2019 00:00 - - {{hitsCtrl.values.hits}}

From left: Cargills Foods Company Pharmaceutical Sector DGM Dilmini Madawala and Cargills Bank Retail Business AGM Buddhika Perera

Cargills Bank has introduced attractive interest rates for senior citizens’ fixed deposits mingled with discounts on pharmaceutical purchases at Cargills Food City by partnering with Sri Lanka’s leading modern retailer, Cargills Foods Company Ltd.

Attractive interest rates up to 11% (11% A.E.R) on maturity for one year fixed deposit products are now available. The bank further offers rates up to 10.50% (10.78% A.E.R) for six months and up to 9.50% (9.84% A.E.R) for three months deposits, enticing customers to get a high yield in the market.

In addition to the above, customers can enjoy discounts up to 10% on pharmaceutical purchases at Cargills Food City every month during the tenure of their deposit. This offer is valid for new fixed deposits placed between 1 October and 31 December by senior citizens who are 55 years and above.

Cargills Bank Ltd. Retail Business AGM Buddhika Perera said, “We are pleased to partner with Cargills Foods Company Ltd. on this combined initiative. Our motive is to offer investment methods that are secure and coupled with incentives that will add meaningful value to senior citizens. Our strong capital structure has allowed us to offer attractive returns for long-term funds and our new partnership has endowed us to create an Ideal investment opportunity for senior citizens to invest their hard earned money.”