‘Champion Saver’ sets itself apart from other products by offering depositors the best of both worlds – the freedom to withdraw any number of times from their savings account, while enjoying a high interest rate.
Under this innovative banking product, staying true to its premise of encouraging Sri Lankans to save big for a brighter future, Pan Asia Bank offers an unbeatable 7.5% (AER 7.78%) on all savings balances of Rs. 300,000 and above, which is the highest interest rate offered to a savings account in Sri Lanka. Savings balances between Rs. 50,000 to Rs. 299,999, enjoy an attractive interest rate of 5.50% while savings balances between Rs. 25,000 and Rs. 49,999 will receive an interest rate of 3.5%.
While offering these attractive interest rates, the Champion Saver account provides complete freedom for depositors to withdraw funds any number of times from any ATM that carries the VISA or Lanka Pay logo.
Pan Asia Bank Deputy General Manager – Marketing, Cards and Deposit Mobilisation Nalaka Wijayawardana said: “Champion Saver is an ideal account not only to grow deposits gradually but also to park your savings and receive a high interest rate until the next investment opportunity arises be it purchasing a vehicle, property, or any other form of investment.”
He added: “What’s special about the Champion Saver Account is that it provides best of both worlds and encourages customers to save for a prosperous future while providing the freedom to withdraw their savings without any negative implications on their returns.”