Cargills Bank launches ‘Podihitiyo’ Children’s Savings Account | Daily News

Cargills Bank launches ‘Podihitiyo’ Children’s Savings Account

Buddhika Perera,  Head of Retail Banking at Cargills Bank
Buddhika Perera, Head of Retail Banking at Cargills Bank

Cargills Bank unveiled the new “Podihitiyo” Children’s Savings Account on World Children’s Day, offering the industry’s highest interest rate for children’s savings accounts with an incredible interest up to 8.25%.p.a., striving to create a culture of savings amongst the community.

The product is specifically designed with slab-wiseinterest ratesbetween 6.50% - 8.25% (p.a.)giving varied returns as well as flexibility on the investment.

Commenting on the launch, Buddhika Perera, Head of Retail Banking at Cargills Bank said; “We are pleased to launch our new “Podihitiyo” Children’s Saving Account, with a broader focus to exceed our customer expectations. Cargills Bank has recognized the need of today’s parents who are keen in the return they gain by investing in their child’s financial future.”

“Today, people’s lives have become tight with work and other commitments. Thus they fail to maintain a consistent and frequent pattern of savings for their children. The bank has attuned to customer convenience by enabling access to make deposits to the “Podihitiyo” Children’s Savings Account from over 370 Cargills Food City outlets island-wide, which are open from 8.00am to 10.00pm, 365 days of the year.

The bank is offering an added bonus of a deposit of Rs.500.00 for each and every new “Podihitiyo” children’s savings account which would be opened during the month of October as a promotional give away. The motive is to encourage parents to open accounts and enjoy the highest yields on their child’s long term savings. A minimum deposit of Rs. 1,000.00 is required as the customer contribution to open an account. These accounts could be opened for any child under age of 16.

‘Cargills’ is a brand that has been faithfully serving Sri Lankans for 174 years, built on a foundation of values and ethics. True to this heritage and the ethos of ‘Banking on the Human Spirit’, Cargills Bank is taking banking to the masses by being inclusive and accessible. The amazing Cargills Cash Savings Account is available at over 370 Cargills Food City outlets, allowing you to do grocery shopping and banking at the same place at your convenience. The Cargills Bank Credit Card with special offers is now a must-have for discerning customers.


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