Nations Trust Bank Launches Nations Flexi Deposit

Nations Trust Bank Launches Nations Flexi Deposit

20th October 2017

Fixed Deposits On Your Own Terms.


Nations Trust Bank introduces Nations Flexi Deposit, which lets you open fixed deposits with a flexible investment period of your own choosingto receive the benefits of high interest earnings. With this product, you can choose a flexible investment period ranging from a minimum of 30 days to a maximum of 365 days for your fixed deposit with attractive interest rates relative to the investment period. Flexi Deposit is specially designed for when you have realized significant sums of money and wish to hold these funds in cash for short periods before reinvesting them. Flexi Deposit accounts can be opened as individual or joint accounts by resident Sri Lankan nationals or resident foreign nationals holding a valid Sri Lankan resident visa.


Speaking about the launch of Nations Flexi Deposit, Mr. Sheahan Daniel – Head of Branches at Nations Trust Bank had this to say, ‘Even when funds are not required immediately, customers are often reluctant to open fixed deposits because of the inflexible deposit periods.For example, say you want to keep your money in an FD for 50 days, with normal FDs in the market this is not possible, either the customer has to open a 1 month FD or a 2 month FD and usually they decide not to open an FD at all. With Flexi FD the customer is free to choose the length of their deposit period in an odd number, anywhere from 30 to 365 days, with interest rates varying with the deposit period chosen by the customer. This flexibility with regard to investment period is what makes this product very suitable for short term investments of cash holdings.’


Please visit a Nations Trust Bank branch near you today or call the 24-Hour Customer Service Hotline on 011 4 711 411 to learn more about Nations Flexi FD and other financial products and services.


Nations Trust Bank PLC is amongst the top 25 business establishments in Sri Lanka, ranked by Business Today Magazine and is the benchmark for customer convenience, ably providing a host of financial products and services to a wide range of customers. Nations Trust Bank operates 93 branches across the country, boasting an ATM network covering 137 locations plus more than 3,500 ATMs on the Lanka Pay Network and is the issuer and sole acquirer for American Express® Cards in Sri Lanka.