HNB inspires the nation to save on World Thrift Day

Sri Lanka’s leading private sector bank HNB PLC presented the first sextuplet to be born in Sri Lanka with HNB’s Singithi Kirikatiyo accounts and gifts. Seen here is the father of the babies together with officials from Ninewells Hospitals and HNB.

Premier private sector bank HNB PLC, has called upon all Sri Lankans to double down on their savings for a financially secure future in celebration of World Thrift Day. 

“Our reputation as Sri Lanka’s leader in digitalised banking products and services has ensured an unprecedented level of convenience and access for customers to save. This convenience means the process of savings is no longer tedious but fun, especially when it is linked to a particular goal that inspires and excites us. Our intention is to ensure our customers have the necessary financial backing to live the life of their dreams by inculcating the habit of savings,” HNB Deputy General Manager – Retail and SME Banking Sanjay Wijemanne said. 

Customers looking to achieve short term financial goals can make use of the bank’s Savings Plus and Money Market Savings Accounts which offer higher interest rates. HNB Savings Plus also offers other benefits, such as immediate loan facilities of up to 90% of the account balance and free internet and mobile banking facilities through the HNB Digital Banking app. 

Most recently, HNB introduced Investment Plans for adults and minors in support of achieving their financial goals on their terms. Offering unmatched flexibility and attractive rates, HNB Investment Plans allows accountholders to decide on the monthly instalment, investment period and goal. Adults can make a minimum monthly deposit of Rs. 2,000 for 2-15 years and can also obtain a cashback loan or overdraft facility of up to 75% of the deposit amount. 

Investments for minor account holders can be made for three years (for children below 15 years), five years (below 13) and ten years (below 8) as a monthly deposit starting with a minimum deposit of Rs. 500. The minor investment plan also offers another option of lump sum deposits at attractive rates starting with a minimum deposit rate of Rs. 25,000. 

HNB also offers a package of attractive benefits for salaried customers earning a net income of Rs. 50,000 or above. Account holders can get three times their salary as an overdraft facility or a personal loan with the HNB Salary Smart Account. Customers are also eligible for benefits such as special interest rates on home loans, personal loans and leasing facilities as well as exclusive benefits on insurance policies, and high-interest rate deposit accounts. 

Similarly, HNB Senior Citizens Scheme offers customers 60 and above with higher interest rates on savings and fixed deposits, priority service, a 25% discount on annual fees of credit cards, gift vouchers for maintaining savings accounts as well as the opportunity to reimburse hospitalisation expenses of up to Rs. 70,000 for senior citizens fixed deposits above Rs. 500,000. 

The bank recently kicked off October with the Singithi Giftober Savings Month promotion, encouraging minor account holders to save with an extensive reward scheme. The exclusive promotion runs from 5 October to 23 November and offers account holders the opportunity to obtain maximum benefits on their deposits from jumbo tills and penholders to gift vouchers from leading merchants across the island. 

Working towards savings for minor account holders, the bank offers parents the opportunity to inculcate the habit of savings through its Singithi Kirikatiyo and Lama Accounts. The account will automatically be converted to a Singithi Teen account at 13 and to an HNB Youth account at 18. Account holders are entitled to rewards from HNB’s ongoing Singithi gift scheme and Diri Daru scholarship fund as well as the Free Standing Order Guarantee Insurance scheme, ensuring that a standing order set to the child’s account continues in the unfortunate circumstances of a parent’s death. 

In addition to operating the most popular and valuable gifts scheme in the country, the bank was also the first to introduce Student Saving Units (SSU). Having since expanded to over 160 SSUs island-wide, HNB is responsible for training over 1,000 student managers annually with first-hand experience managing mini- banks inside schools. 

Additionally, the bank has introduced numerous innovations to the domestic market, including Asia’s first-ever fitness linked savings product, the HNB FIT Account, together with a host of other products, each with the overarching goal of leveraging the power of technology to streamline the banking experience, thereby empowering customers across the island with instant access to the most innovative products and services in the market.