Nations Trust Bank promotes fixed deposits on your own terms

Thursday, 19 October 2017 00:00 - - {{hitsCtrl.values.hits}}

Nations Trust Bank introduces Nations Flexi Deposit, a scheme tailor-made for fixed deposits with a flexible investment period of your own choosing to receive the benefits of high interest earnings.

This scheme enables you to choose a flexible investment period ranging from a minimum of 30 days to a maximum of 365 days for your fixed deposits with attractive interest rates relative to the investment period. Flexi Deposit is specially designed for when you have realised significant sums of money and wish to hold these funds in cash for short periods before reinvesting them. Flexi Deposit accounts can be opened as individual or joint accounts by resident Sri Lankan nationals or resident foreign nationals holding a valid Sri Lankan resident visa.

Speaking about the launch of Nations Flexi Deposit, Sheahan Daniel, Head of Branches, Nations Trust Bank said, “Even when funds are not required immediately, customers are often reluctant to open fixed deposits because of the inflexible deposit periods. For example, if you want your money in a fixed deposit for 50 days, with normal fixed deposits in the market this is not possible. Customers are required to open a 1 or a 2 month FD therefore deciding against a FD at all. With the introductions of Flexi Fixed Deposit, customers are free to choose the length of their deposit period anywhere from 30 to 365 days with interest rates varying to the deposit period chosen by the customer. This flexibility in regard to an investment period is what makes this product very suitable for short term investments of cash holdings.” For more information on this service, customers can visit the Nations Trust Bank website www.nationstrust.com to learn more about Nations Flexi FD and other financial products and services or visit a Nations Trust Bank branch or call the 24-hour customer service hotline on 011 4 711 411.

Nations Trust Bank PLC is amongst the top 25 business establishments in Sri Lanka, ranked by Business Today Magazine and is the benchmark for customer convenience, ably providing a host of financial products and services to a wide range of customers. Nations Trust Bank operates 93 branches across the country, boasting an ATM network covering 137 locations plus more than 3,500 ATMs on the Lanka Pay Network and is the issuer and sole acquirer for American Express Cards in Sri Lanka.