Internet Banking

Seylan Money Market Savings Account

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Introduction

Seylan Bank unveils its newest product, ‘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

  • This is a savings account where the interest rate offered is on tiered basis.( For interest rate )
  • E statement account (passbook and normal statement will not be given).
  • No debit card
  • Internet/SMS banking would be offered.
  • Initial deposit of 500,000/- to open an account
  • Any number of withdrawals is permissible.
  • Interest rate will be reviewed weekly

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.

General conditions

  • Average minimum balance of Rs. 10,000 to be maintained and a penalty of Rs.50/- per month will be charged (If average balance falls below Rs. 10,000/-).
  • All other terms and conditions of normal savings/corporate savings account will apply.
  • Seylan Sure benefits would not be applicable under this account.

Interest Rate

Slab Interest rate %p.a. AER
Below 9,999 0%
10,000 – 499,999 3.5%
500,000- 999,999 8.25%
Above 1Mn 9.00%