Pan Asia Bank’s ‘Champion Saver’ account offers depositors the best of both worlds – the freedom to withdraw any number of times from their savings account, while enjoying a high interest rate, a bank spokesman said.
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 interest rate of 7.5% (AER 7.78%) on all savings balances of Rs. 300,000 and above, which is the highest interest rate offered to a Savings Account in Sri Lanka. Savings balances between Rs. 50,000 and 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 interest rates, Champion Saver account provides complete freedom for depositors to withdraw funds any number of times from any ATM that carries the VISA or Lanka Pay logo.
Deputy General Manager, Marketing, Cards and Deposit Mobilisation of Pan Asia Bank, Nalaka Waijayawardana said, “Champion Saver is an ideal account not only to grow deposits gradually but also to park your savings and receive a high interest rate until the next investment opportunity arises be it purchasing a vehicle, property, or any other form of investment.”