Nations RI$E - USD Fixed Deposit

The most exhilarating way to get the most out of your Dollars

Never before has a bank offered you a floating interest rate on a Fixed Deposit for your US Dollars. What this means is that our interest rate fluctuates according to market conditions, constantly working to give you the best returns on your Dollars.

Currency offered - United States Dollar Only (USD)

Initial Deposit - USD 10,000

Tenure - 2 years

Interest payment

Year 1

Fixed at 5% p.a.

Year 2

Floating at LIBOR* + 3.75%

*If the LIBOR is discontinued during the period, an alternate benchmark rate will be considered

Interest Floor at re-pricing: 4.5% p.a.

Interest Cap at re-pricing: 6.25% p.a.

Note: Product is valid only till July 2022

Benefits

Ability to benefit from market rate fluctuations
Ability to borrow up to 90% of the fixed deposit value by way of an overdraft or a loan
Option to nominate a beneficiary

Eligibility

BFC (FEEA EFC) Direct exporter category*
PFC RFC Category – An individual who is a Sri Lankan National - Individuals with Sri Lankan origin residing in Sri Lankas
PFC NRFC Category - An individual of Sri Lankan origin who is a resident outside Sri Lanka