- Overview
- Key Benefits
- Eligibility
- Terms and conditions
Overview
To commemorate the 33rd Anniversary of the bank, customers who open SFCPA during the promotional period will be eligible to enjoy a special interest rate of 3.00% p.a. for their savings account balance and an additional bonus interest of 33% on the base interest based on the average account balance. Accordingly, the maximum rate will be 3.99% p.a. (AER 4.05%)
Key Benefits That Await You
- Initially accounts will only be offered in USD
- Higher interest rate than conventional rates offered on foreign currency savings accounts
- Bonus interest for the average balance maintained in your account on base interest
Eligibility
- An individual who is a Sri Lankan National.
- An individual of Sri Lankan origin who is a resident outside Sri Lanka.
- A non-national resident in Sri Lanka.
- A non - national either on temporary visit to Sri Lanka or intending to visit Sri Lanka.
- A sole proprietorship or partnership registered in Sri Lanka where the proprietor or a majority of partners are resident in Sri Lanka (in case of a partnership with two partners, at least one partner shall be a resident in Sri Lanka).
- A company incorporated in Sri Lanka.
- A company incorporated outside Sri Lanka which is registered as an overseas company under the Companies Act No 7 of 2007.
- A State Institution with the recommendation of the Secretary to the relevant line Ministry or appropriate Authority.
- A person authorized to carry on business as a shipping agent or a general sale agent in Sri Lanka on behalf of a foreign shipping line or airline (foreign principal) with a valid license or authorized letter issued by the Director General of Merchant Shipping and Director General of Civil Aviation Authority of Sri Lanka respectively.
- Corporates and individuals who are eligible to open accounts at offshore banking units (FCBU)
- Minimum average balance of USD 1,000 shall be maintained in a quarter to obtain interest.
Terms and conditions
- Interest will be calculated accordance with following table
PFCA/ BFCA/ FCBU Individual / FCBU Business
Avg. Bal (USD) |
Base Int Rate |
Bonus Int. Rate on base interest |
Max Int Rate |
Condition on |
Less than 999.99 |
0% |
0% |
0% |
No Withdrawal Restriction |
1000 - 9,999.99 |
3% |
0% |
3% |
No Withdrawal Restriction |
10,000 - 49,999.99 |
3% |
33% |
3.99% |
Max 1 Withdrawal Per Quarter |
50,000 or above |
3% |
33% |
3.99% |
No Withdrawal Restriction |
- Base Interest rate & Bonus Interest rate is offered during the promotional period and may subject to change
- Individuals shall be over 18 years of age to open Sampath FC Prime Accounts
- Other terms and conditions related to PFCA/BFCA/ FCBU shall be applied to accounts opened under this scheme
- Refer PFCA accounts for additional details on PFCA
- Refer BFCA Accounts for additional details on BFCA
- Refer Foreign Currency Banking Unit for additional details on FCBU related accounts