Fixed Deposits
LB Finance Savings

Reap the most of financial rewards with our Yasa Isuru Fixed Deposits option, that provides you with interest rates based on the tenure of the Fixed Deposit, starting from 1 month to 60 months. Your interest will be credited to you at maturity or as per your preference. You also have the ability to obtain loan facilities up to 80% (if your interest is paid monthly), and 85% (if your interest is only paid at maturity), from your Fixed Deposit value. Our Fixed Deposits offer you stability and trustworthy returns that you can rely on. The minimum balance required to maintain a Fixed Deposit with us would be Rs.5000.00, and no opening or maintenance fee is required. You are also eligible for a Deposit Insurance Coverage of up to Rs.1,100,000 based on the amount deposited.

Period

 

Normal

 

 

Senior

 

Monthly

A.E.R

Maturity

A.E.R

Monthly

A.E.R

Maturity

A.E.R

1 Month

 

 

12.00%

12.68%

 

 

12.00%

12.68%

50 Days

 

 

12.00%

12.64%

 

 

12.00%

12.64%

3 Months

12.00%

12.68%

13.00%

13.65%

12.00%

12.68%

13.00%

13.65%

5 Months

 

 

11.00%

11.36%

 

 

11.00%

11.36%

6 Months

11.75%

12.40%

12.75%

13.16%

11.75%

12.40%

12.75%

13.16%

8 Months

 

 

11.00%

11.20%

 

 

11.00%

11.20%

1 year

11.50%

12.13%

12.00%

12.00%

12.00%

12.68%

12.50%

12.50%

15 Months

11.50%

12.13%

12.50%

12.32%

12.00%

12.68%

13.00%

12.80%

18 Months

11.50%

12.13%

12.50%

12.14%

12.00%

12.68%

13.00%

12.61%

2 Years

11.25%

11.85%

12.25%

11.58%

11.75%

12.40%

12.75%

12.03%

3 Years

11.75%

12.40%

12.75%

11.40%

12.25%

12.96%

13.25%

11.80%

4 Years

11.75%

12.40%

12.75%

10.85%

12.25%

12.96%

13.25%

11.22%

5 Years

11.75%

12.40%

13.75%

11.03%

12.25%

12.96%

14.25%

11.36%


Effective Date : 9th August 2023

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

  • Any Sri Lankan resident over the age of 18 years is allowed to open a Fixed Deposit. However, Fixed Deposits for minors are also accepted if a guardian signs in as a joint depositor.
  • If the age of the deposit holder is below 18 years, deposits cannot be withdrawnuntil the minor account holder attains age of maturity.
  • A Power-of-Attorney is mandatory to perform any change to the initial instructionsgiven with regards to the Fixed Deposit, if the depositor resides abroad.
  • Sri Lankans who do not hold a valid National Identity Card (NIC)/ Passport (PP) cannot openFixed Deposits.
  • Foreigners who do not hold residence visas in Sri Lanka are not eligible.
  • In the event of premature withdrawal, interest will be paid at the discretion of the management.