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A Fixed Deposit can be opened for a period of 3, 6, 12, 24, 36 and 60 months and will carry attractive interest rates as per the period invested. You can select to receive such interest at the end of the invested period or monthly (for deposits over 12 months) according to your needs. |
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You may choose a Call Deposit when you need a secure return for your funds whilst retaining the flexibility to access funds quickly without penalty. Call Deposit has no definite saving period, but you should pre-notify the bank with at least 7 days notice to set the date and amount before withdrawal. |
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Treasury Bills & Treasury Bonds |
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Treasury Bills are short term debt instruments issued by Central Bank of Sri Lanka on behalf of the Sri Lanka Government. Treasury Bonds are long term debt instruments issued by the Central Bank of Sri Lanka on behalf of the Sri Lanka Government with fixed rates and maturity periods from 2 to 20 years. |
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Repo (Re-purchase Agreements) |
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This is a contract between the bank and the customer where bank borrows money from the customer against a government security such as Treasury Bills. The rate of Repo determine by the prevailing market rates. |
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Certificate of Deposit (CD) is a time deposit. It has a specific, fixed term with a fixed interest rate. It is intended that the CD be held until maturity, at which time the money may be withdrawn together with the accrued interest. |
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