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Seylan Money Market Savings Account

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Features

Introduction

Seylan Money Market Savings Account, aimed at Corporate and fund managers high net worth individuals, SMEs who seek a product that offers better fund management capabilities for short term investments, assuring direct returns. Promising ‘higher returns for shorter period’, Seylan Money Market Savings provides the flexibility needed to manage short term investments at their own convenience.

Product features

  • Savings account with a tiered basis interest option
  • E-statement / Normal Statement account
  • Internet banking
  • Initial deposit LKR 500,000/-
  • Any number of withdrawals is permissible

Seylan bank convenient banking service solutions

  • SMS Alerts
  • 365 day banking at selected locations.
  • Digital assisted customer service via live chat on our website/ Facebook messenger/ whatsapp customer service hotline 0772008888
  • Online account opening through the website
How To Get Started

General conditions

  • Average minimum credit balance of LKR 1,000 to be maintained and a penalty of LKR 50/- per month will be charged (If average balance falls below LKR 1,000/-).
  • All other terms and conditions of normal savings/corporate savings account will apply
  • Seylan Sure benefits would not be applicable under this account
Interest Rates and Fees

Fee Details

Fees Details
Fees

cash deposits during extended/weekend banking hours

up to LKR 3 M per account, per day - free of charge
Above LKR 3 M per account, per - 0.0375% (Min LKR 500)
(Amount in excess of LKR 3 M)

Interest Rate

AMOUNT
INTEREST
AER
Below 9,999
0.00%
 
LKR 10,000 - LKR 499,999
3.50%
 
LKR 500,000 - LKR 999,999
6.50%
 
Above LKR 1,000,000
7.00%
 

See all Interest Rates>>>