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  • 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
Withdrawals for bonus interest

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