Ihalin Ihalata from Seylan Bank

Seylan Bank's array of Savings accounts having introduced highly successful loyalty schemes such as "Merit Rewards" and "Seylan 2 in 1", which provide lifestyle benefits to its loyal customers, now offers a stepped-up interest rate through its "Ihalin Ihalata" scheme.

"Ihalin Ihalata" provides savers with the highest interest rates in savings.

The initial deposit to open an "Ihalin Ihalata" Account is Rs. 5,000. At present, overnight balances between Rs. 5,000 and Rs. 50,000 attract an interest rate of 5.5%p.a. and from Rs. 50,001 to Rs. 100,000, the interest rate would be 7.5% p.a. From Rs. 100,001 an interest rate of 12.5% p.a. would be applicable.

For those with the commitment to save and have accumulated more than Rs. 100,001, the return would be 12.5% p.a. which is the highest rate payable among banks for savings. Interest would be calculated on the end-of-day balances at the applicable interest rate and credited to the account on a monthly basis. Customers could transact business as usual with any number of transactions being allowed, without the interest rate being affected.

Depositors would be issued a Seylan VISA International Debit Card free for the first year. In addition, a free SMS Banking facility and free Internet Banking facility too would be on offer for the first year.