Union Bank launches new FD

Union Bank of Colombo PLC, launched a new three month Fixed Deposit with unique features that will enable customers to make short-term investments. Union Bank's new three-month Fixed Deposit pays an attractive interest of 14 percent per annum and in addition pays the entire three months interest upfront to customers and charges no penalty charge on premature withdrawals.

"As a Bank synonymous with the launch of many innovative financial products which have been the first in the Banking industry in Sri Lanka this is yet another innovative product that will provide high returns to customers and the flexibility of managing their savings with greater convenience," a spokesman for the Bank said.