Sri Lankan private and government bank offers competitive
saving account features to attract customers to their banks. Today there are
huge number of banks which offer bulk amount of services to their citizens,
businesses and government. Mainly banks have few types of different account
types to let the customer easily select a account for their specific need and requirements.
Therefore, banks crate account type targeting specific groups in the society
such as gender, occupation status, social status, age etc. let’s discuss saving
accounts which are implemented by leading banks in the Sri Lanka.
Commercial Bank
Commercial Bank offer following saving account.
Regular Saving Account
Regular account has 3.50% interest rate and can be opened
and allow online and mobile banking and allow access account from anywhere in
the world.
Super Saving Account
Super saving account has higher interest rate and account
can be created with minimum deposit of Rs. 50,000 and have loan facility from
90% out of deposit balance for lesser interest rate.
Power Bonus Account
Power bonus account has interest rate of 3.50% which is a
blend between saving and fixed deposit account. Account holders are paid 60% of
bonus on quarterly.
Personal Foreign Currency Accounts
This is special account which is opened with foreign currencies
and able to apply or loans and send earning to sri lanka. Standing orders can
be made without commission.
They also Offer special accounts for senior citizens, Minors
and Youth
Yasasa Pensioners, Udara Senior citizens
Ysassa account have special interest rate and pension is
advanced up to 75% and account holders are able to get special loan up to 2.5.
million with a long time repayment duration.
Udara Senior citizens account has 9.25% interest rate and
account holders are able to apply for international credit card.
Arunalu Children’s saving account, Isuru Minors, Dotcom Teen
Account.
Arunalu children’s account has a higher interest rate of
6.50% and offer special prices for 1st,2nd and 3rd rank
students who gained highest marks in schools and the country for 5th year
scholarship. This account can be created with a minimum deposit of Rs. 1000
Isuru Minors account has same prices offering for 5th
grade scholarship stated in Arunalu children account and 2 deposit schemes
which monthly and lump sum deposit scheme.
For women’s commercial has introduced Anagi saving accounts
Commercial Bank’s women’s anagi saving account has interest
rate of 4% per month. And Anagi account has 24 hours’ access to online and
mobile banking facility and accounts can be started by 1000 of minimum deposit.
Anagi members will have members only passbook and attractive shopping card.
Sampath Bank
Sampath bank has regular saving account as follows
Sampath Double S
This account has bonus percentage in every month based on
the balance. To achieve 100% bonus account holders must maintain 200,00
deposit.
Sampath Hit Saver
Account’s initial deposit is Rs. 50,000 and have interest
rate from 2% up to 5.50% depending on the deposit account.
Sampath has Pubudu and Sapiri saving accounts for minors
which allow to open account with initial deposit of Rs. 500 and Sapiri account
6% rates and Pubudu have 4.5% per annum. Pubudu account have special gift
offering system where each account holders get a present based on initial
deposit amount.
Ladies first is the special accounts for ladies in the
country which have higher interest rate of 3% to 5% and have investment plans
up to 5 years. This account has discounted rate of 0.25% for persona, housing, vehicle
and leasing loans.
Sampath bank present Sanhinda saving account for senior
citizens which have higher interest rate of 6% which is paid twice a month
depends on the balance of the account.
National Saving Bank offers various saving account
types
Ordinary saving and all other saving accounts have online
banking and master/visa card facilities and standard order facilities. NSB bank
present HAPPY saving account which had interest rate from 4% to 5.75% for Rs.
1000 Rs. 5000 and above.
HAPAN is the saving account offered for minors from NSB bank
which have lowest minimum deposit of Rs. 5. It has attractive gift schemes and
higher interest rate.
NSB introduces special for youth people called “I’m”. Age
between 20 to 30 years old account holders are welcomed to open I’m account and
can be opened with minimum Rs 1000 deposit. Career guidance programs are offer
for a/l students and scholarships are offered for university students.
NSB offers NSB pension + account for senior citizens which
include up to one million for medical expenses. Account holders are able to
deposit money in foreign currencies and interest rate differ according to
currency.
NSB has special saving account for ladies which is called “
sthree”. These account holders have less interest rate of 0.5% applied for
pawing advances. Special cash prices are given for first graduation, wedding anniversary
and free “prathana” certificate valued Rs. 50,000 handovers for a baby and cash
prize for wedding gift.
Both Private and Government banks offer attractive privileges
to gain customer attractions for their services. Private banks are popular for
giving high interest rate for deposit. Considering the security and safety
measures, deposit money on government banks are recommended. Above mentioned
banks are few reputed banks in the Sri Lanka’s banking field who offer various
saving accounts. With the new banks service provider arrivals and competitive
offers from banks, citizens get more benefits for their saving money in every
year.
