Cargills Bank foster senior citizens fixed deposits with Cargills Food City

November, 6, 2019

Cargills Bank has introduced attractive interest rates for senior citizens’ fixed deposits mingled with discounts on pharmaceutical purchases at Cargills Food City by partnering with Sri Lanka’s leading modern retailer, Cargills Foods Company (Pvt) Ltd.

Attractive interest rates up to 11% (11% A.E.R) on maturity for one year fixed deposit product are now available. The bank further offers rates up to 10.50% (10.78% A.E.R) for 6 months and up to 9.50% (9.84% A.E.R) for 3 months deposits enticing customers to get a high yield in the market.

In addition to above, customers can enjoy discounts up to 10% on pharmaceutical purchases at Cargills Food City every month during the tenure of their deposit. This offer is valid for new fixed deposits placed between 1st October 2019 and 31st December 2019 by senior citizens who are 55 years and above.

Mr. Buddhika Perera, Assistant General Manager – Retail Banking for Cargills Bank said,

“We are pleased to partner with Cargills Foods Company (pvt) Ltd on this combined initiative. Our motive is to offer investment methods that are secure and coupled with incentives that will add meaningful value to senior citizens. Our strong capital structure has allowed us to offer attractive returns for long-term funds and our new partnership has endowed us to create an Ideal investment opportunity for senior citizens to invest their hard earned money”.

‘Cargills’ is a brand that has been faithfully serving Sri Lankans for 175 years, built on a foundation of values and ethics. True to this heritage, Cargills Bank is taking banking to the masses by being inclusive and accessible. Cargills Bank is a fully-fledged licensed commercial bank with an A- (lka) Fitch Rating. The unique “Cargills Cash” feature has enabled account holders to deposit and withdraw cash at 400 Cargills Food City outlets island-wide allowing them to do grocery shopping and banking at the same place at their convenience.

Photo caption: Dilmini Madawala, DGM – Pharmaceutical Sector, Cargills Foods Company (Pvt) Ltd (left) and Buddhika Perera, AGM – Retail Business, Cargills Bank Ltd