Monday Sep 07, 2026
Monday Sep 07, 2026
Monday, 7 September 2026 04:37 - - {{hitsCtrl.values.hits}}
Delivering on its commitment to secure the future of all Sri Lankans, Cargills Bank introduced its new ‘Junior Kotipathi’ Investment Savings Account. The product was officially unveiled during a special launch event on 22 August at the Funcity area in Excel World, where the bank’s customers were invited to experience the new offering. A future-facing, structured investment facility, Junior Kotipathi is designed to encourage disciplined long-term saving for minors and teenagers, offering parents a clear and reliable path to fund their children’s most important life milestones.
Designed to be both aspirational and highly accessible, Junior Kotipathi is available for children from newborns up to 17 years of age. It provides an attractive, competitive interest rate of 9.5% p.a., paired with a guaranteed maturity value. Recognising that flexibility is central to family financial planning, parents can customise the tenure to suit their specific needs, with plans starting at a monthly commitment of just Rs. 1,749 for a Rs.1 million investment plan.
With target investment plans ranging from Rs. 1 million to Rs. 10 million at maturity, the plan empowers families to work steadily towards securing a substantial financial foundation for a child’s higher education, early career, or other major goals. To keep the savings momentum exciting, the Junior Kotipathi journey includes milestone rewards throughout the investment period, ensuring the process is engaging for children as they watch their savings grow.
Speaking on the emotional drive behind the new product, Head of Retail Business Dushyanthan Somasundaram said: “Every parent dreams of giving their child a better future. With Junior Kotipathi, we wanted to help parents turn that dream into a plan by starting early and building a disciplined habit of saving. Whether it is for higher education, a first career opportunity, or another important milestone, this plan helps parents gradually build the financial support their children may need. We believe that giving a child financial security and the freedom to pursue their dreams is one of the best gifts a parent can give. Junior Kotipathi is our way of helping parents start that journey today, for a brighter tomorrow.”
Managing Director/CEO Senarath Bandara said: “Financial independence begins with laying the right foundation early. Junior Kotipathi goes beyond a simple children’s savings product; it is a comprehensive tool to help parents build their children’s futures with intention. At Cargills Bank, we remain committed to bringing progressive banking solutions that truly harness the spirit of progress for the next generation.”
With its competitive returns, customisable flexibility, and engaging milestone rewards, the Junior Kotipathi Investment Savings Account positions itself as the ideal choice for parents who aspire to build meaningful savings that compound over time for their children.
