Sampath Special Deposit Account offers interest rates up to 7% per annum

Inviting individuals and organizations around the world to invest their foreign currency savings in Sri Lanka and earn greater returns, Sampath Bank is offering highly attractive rates of up to 7% through the Sampath Special Deposit Account.

Working together with the Central Bank of Sri Lanka (CBSL), Sampath Bank is offering an interest rate of 7% p.a. on 12-month US Dollar deposits of USD10,000 and above and 6% p.a. on 6-month US Dollar deposits of USD10,000 and above through this special fixed deposit. It is worth noting that this rate is higher than the prevailing market rates being offered by banks on traditional Sri Lankan Rupee fixed deposits.

The unmatched interest rate together with additional returns from any appreciation in the foreign currency in which the funds are being held in is set to enable depositors to beat inflation and earn greater returns on their savings.

Furthermore, unlike most traditional foreign currency accounts in Sri Lanka, depositors can easily convert and remit the funds in their Sampath Special Deposit Accounts outside the country, without any regulatory restrictions, upon maturity.

Sri Lankan nationals and residents can also obtain Sri Lanka Rupee loans against the funds in their Sampath Special Deposit Accounts, up to 90% of the rupee value of the available balance.

“The global pandemic has had an impact on almost all industries around the world. This has made it increasingly difficult for individuals and organizations to find secure and stable high return investment vehicles for their savings. We are delighted to offer the world an ideal investment solution that helps them earn a high interest rate and also allows them to easily repatriate their funds abroad, on maturity, through our Sampath Special Deposit Accounts,” said Halin Hettigoda, Head of Deposit Mobilization, Sampath Bank PLC.