CLC Senior Citizens Fixed Deposits

CLC Fixed Deposits offer a wide range of benefits to facilitate high returns and convenience for senior citizens.

Features & Benefits :

  • Minimum deposit of LKR 5,000
  • Wide range of tenures ranging from 1 to 60 months to suit your investment plan
  • Attractive interest rates
  • Available addition of joint depositors
  • Dedicated customer service representatives at your doorstep
  • Earning of interest on monthly, annual and maturity basis.
  • Obtain a loan of up to 90% of the FD value, with less time and documentation.
  • Obtain Letter of Guarantee
  • Remittance of interest to CLC Savings Account or any other financial institution without cost
  • Notification of FD interest via SMS, email or post on request.

(Depositors who are 60 years of age or over on the date of deposit)

Period

Monthly

Annually

Maturity

Months Simple AER Simple AER Simple AER
1 18.50% 20.15%
3 18.50% 20.15% 20.00% 21.55%
6 19.00% 20.75% 20.50% 21.55%
12 20.25% 22.24% 22.00% 22.00% 22.00% 22.00%
13 20.25% 22.24% 22.00% 21.81%
18 20.25% 22.24% 22.00% 20.94%
24 20.50% 22.54% 22.50% 22.50% 22.50% 20.42%
36 20.50% 22.54% 22.50% 22.50% 22.50% 18.76%
48 20.50% 22.54% 22.50% 22.50% 22.50% 17.41%
60 20.50% 22.54% 22.50% 22.50% 22.50% 16.27%
Special Note:
  1. To accommodate Senior Citizen rates, a customer should be above age of 60 years at the time of accepting or renewing the FD.
  2. No Unfixed option or product available and existing Unfixed FDs should renew under General or Senior Citizen category.
  3. FD monthly interest rates A.E.R cannot exceed the given CBSL cap rates.
  4. We have already entered Ceiling rates in the system for all deposits. Hence no additional special rates can be offered.