Pan Asia Bank’s ‘Champion Saver’: High interest rate of a fixed deposit and freedom of a savings acc

Wednesday, 24 May 2017 00:00 - - {{hitsCtrl.values.hits}}

Sri Lanka’s most innovative banking and finance establishment and the Global Banking and Finance Review’s (UK) Fastest Growing Commercial Bank, Pan Asia Banking Corporation offers up to 8% (AER 8.33%) for savings deposits through its flagship savings product ‘Champion Saver’.

‘Champion Saver’ sets itself apart from other products by offering depositors the best of both worlds – the freedom to withdraw multiple times from their savings account, while enjoying high interest rates that are usually offered by fixed deposits only.

Under this innovative banking product, staying true to its premise of encouraging Sri Lankans to save big for a brighter future, the bank offers an unbeatable 8.00% on all savings balances of Rs. 300,000 and above. 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, Champion Saver account provides complete freedom for depositors to withdraw funds any number of times from any ATM that carries the VISA logo.

Pan Asia Bank Deputy General Manager – Marketing and Personal Banking Nalaka Waijayawardana said, “Champion Saver is an ideal account to park your savings and receive a high interest rate until the opportunity arises for purchasing a vehicle, property, or making any other investment.” He further 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.”