Wakala Term Investments
LB Finance Savings

Our Wakala Term Investments offer you an attractive profit share feature, where profits are based on the tenure starting from 1 month to 60 months. Your profits will be paid at maturity or monthly as per your preference. Any amount above Rs. 50,000/= could be invested in this product for which there won't be any 'Opening Fee'. A wakeel fee of 0.12% p.a. Is deducted as a maintenance fee from the investment amount, and is subject to a ceiling of Rs.1000.00. This amount will be deducted from your very first profit payment. You are also eligible for a Deposit Insurance Coverage of a maximum of up to Rs.1,100,000.00 based on the amount invested.

Anticipated Rates of Return;

Period

 

Normal

 

 

Senior

 

Monthly

A.E.R

Maturity

A.E.R

Monthly

A.E.R

Maturity

A.E.R

1 Month

 

 

8.15%

8.46%

 

 

8.15%

8.46%

50 Days

 

 

8.15%

8.44%

 

 

8.15%

8.44%

3 Months

9.00%

9.38%

9.15%

9.47%

9.00%

9.38%

9.15%

9.47%

6 Months

9.25%

9.65%

9.50%

9.73%

9.25%

9.65%

9.50%

9.73%

1 year

9.50%

9.92%

10.00%

10.00%

10.00%

10.47%

10.50%

10.50%

15 Months

9.75%

10.20%

10.25%

10.12%

10.25%

10.75%

10.75%

10.61%

18 Months

10.00%

10.47%

10.50%

10.24%

10.50%

11.02%

11.00%

10.72%

2 Years

10.50%

11.02%

11.00%

10.45%

11.00%

11.57%

11.50%

10.91%

3 Years

10.75%

11.30%

11.25%

10.18%

11.25%

11.85%

11.75%

10.59%

4 Years

10.75%

11.30%

11.75%

10.11%

11.25%

11.85%

12.25%

10.48%

5 Years

11.25%

11.85%

12.25%

10.03%

11.75%

12.40%

12.75%

10.37%


Effective Date : 03rd May 2024

Want to know more?

LB Finance open an accountContact us today

Restrictions on opening an account/ closing an account/ transfer of funds by customers:

  • Investors of age below 18 years (minors) are not allowed to open investment accounts. However minor investments are accepted along with a guardian as a joint depositor.
  • If the age of the investor is below 18 years, the investment cannot be withdrawn until the minor account holder attains the age of maturity.
  • A Power-of-Attorney is required for investments made by Sri Lankans who reside abroad.
  • Sri Lankans who do not hold a valid NIC/PP are not eligible.
  • Foreigners who do not hold residence visas in Sri Lanka are not eligible.
  • In the event of premature withdrawal, the applicable profit rate will be decided by the management at their sole discretion.