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5 Star Fixed Deposit

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Features

“Seylan 5 Star” is a five year fixed deposit. Deposit could be placed with a minimum balance of LKR 100,000/-.Interest could be earned monthly, annually or at maturity

  • Value Addition:

    In addition to the interest earned, 0.1% of the deposit value per month is awarded in the form of utility vouchers for the first year. These utility vouchers could be used to pay your water, electricity or telephone bills.

  • How to use the utility voucher?:

    The customer has to make the utility bill payment at a Seylan Bank branch to make use of the utility vouchers. The value of the utility voucher will be deducted from the utility bill value and the customer needs to pay the balance amount.

  • Other facilities:

    • Credit Card against the Fixed Deposit.
    • OR
    • An instant loan against the Fixed Deposit.

    For Senior Citizens

How to get started
  • Eligibility
    • Sri Lankan citizens of 18 years and above
  • Documentation requirement
    • National Identity Card
    • Valid Passport or Valid Driving license which carries the national identity card number
    • If the address differs from the given document a billing proof not less than 3 months should be submitted.
    • Any document required from the bank for KYC purpose

Interest Rates Fees

w.e.f 01.07.2019

Interest Period Interest Rate % p.a. AER %
MONTHLY 08.75% 9.11%
ANNUALLY 09.00%
AT MATURITY 11.00% 9.16%


Senior Citizen FD Monthly AER Maturity AER
60 Months / SEYLAN 5 STAR(Minimum deposit LKR 100,000/-) 9.25%
11.50%

*Rates are provided for information purposes only and are subject to change.


See all Interest Rates>>>


Tools Calculators

Can minors open fixed deposits?

Yes. Jointly with an adult (+18 Years).

Is it possible to uplift a fixed deposit placed jointly with a minor at any time?

No. Deposit could be withdrawn only after minor attend majority (18 Years).

What are the documents need to open a fixed deposit?

National Identity card or in the absence of it a valid driving license or valid passport containing the national identity card number. If the address differs from the given document a billing proof not less than 3 months should be submitted.

If I uplift the deposit before maturity, will I get the agreed interest rate?

No. Rate will be decided by the bank.

What is the difference between a Savings Account and a Fixed Deposit?

At the time of placing the Fixed Deposit, amount, time period and interest rate will be agreed and it will not be changed until maturity. For a savings account you can deposit at any time and can withdraw at any time. If there is an interest change it will be applicable for the deposit.

What is the minimum age limit to open a Seylan Fixed Deposit?

18 Years and above.