Star Savings Account Print

Are you the person who desires to build a fund for a future purpose or special event while earning attractive rates? You do not have the lump some in hand to invest for a long period at a higher interest rate but you need to be able to build your fund as you go along by putting away a nominal amount on a monthly basis and watch your fund grow.

Are you the person who desires to build a fund for a future purpose or special event while earning attractive rates? You do not have the lump some in hand to invest for a long period at a higher interest rate but you need to be able to build your fund as you go along by putting away a nominal amount on a monthly basis and watch your fund grow. With Star Savings you can choose the savings amount and tenor that best suits you, whether you are planning for your kid’s school admission, tertiary education, marriage or any other milestone in your life.

Choice of tenor: 5 years or 10 year plan

For example;

Initial DepositMonthly InvestmentMaturity Value
5 yrs
AER 12.68%		10 yrs
AER 10.04%

3,000

1,500

125,000

312,500

6,000

3,000

250,000

625,000

12,000

6,000

500,000

1,250,000

18,000

9,000

750,000

1,875,000

24,000

12,000

1,000,000

2,500,000

Eligibility – Resident Sri Lankans over 18 years of age.

Documents Required

  • Clear copy of the NIC or Passport or Drivers License
  • Clear copy of a utility bill or Other bank statement or Any other valid address verification document

Benefits

  • Forced saving (Commitment)on a monthly basis
  • Monthly Deposits can be made via SMS banking facility
  • Credit Card – Subject to credit approval
  • Loans granted against deposits are allowed a 0.5% discount on the normal interest

Taxes: The interest will be subject to all applicable Government Taxes and will be deducted from the targeted amount.

Interested? Contact your nearest Pan Asia Bank Branch or our Call Centre on 2565566
To open a Star savings account you can walk into any one of our branches or simply click Star Savings to access an account opening form that can be printed, completed and posted / delivered to the nearest branch together with relevant supporting documents and we will open the account for you.

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