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Fixed Deposits

Create wealth and
realise dreams

Placing a Fixed Deposit with Commercial Bank will fetch you one of the most attractive rates-of-interest in the market.



 

The Essentials

  • Select a plan of your choice and receive interests monthly, quarterly, biannually, annually or at maturity

  • Get up to 90% of the deposit as a cash advance 

  • The best way to earn a higher interest rate for your funds

     

 

Benefits of a Fixed Deposit

You can earn a higher rate of interest.

You can request the Bank to renew your deposit at maturity with interest earned added to the capital or renew just the capital.

Ability to place Fixed Deposits via Online Banking - If you are already registered for our Online Banking facility, now you can place  Fixed Deposits online from where ever you are at a time convenient to you by directly debiting your account

 

Cash Advances

You can receive up to 90% of your Fixed Deposit as a cash advance

The cash advance amount can be withdrawn any time through your debit Card from ATMs located islandwide

This special facility is offered for Fixed deposits with a value of Rs 100,000/- or above and a deposit period of over 1 year.

The interest rate of the Fixed deposit will remain unaffected until the deposit maturity.

 

Interest payment

You can earn interest monthly or at maturity, when you place a Fixed Deposit for 01 to 05 years.

If you place a Fixed Deposit for a period of 1 month to 6 months, interest will be paid only upon maturity.

On 02 year deposits interest could be paid monthly, annually or at maturity.

On 03 to 05 year Fixed Deposits, interest can be earned monthly, quarterly, bi-annually, annually or at maturity.

 

Placing a Fixed Deposit

You can visit a branch of your choice and discuss your requirement with an officer of the branch. You may also Download application form and submit the filled form to any Commercial Bank branch.  

Interest rates applicable for Fixed Deposits can be viewed from the rates and tariffs page of this site.

Please fill the application form which can be downloaded from the link given below and hand it over at the branch. Remember to take your national identity card, driving license or passport. This is necessary for us to identify you.

 

Withdrawals

Withdrawals will be allowed only after the agreed period of the Fixed Deposit.

 

Terms & Conditions - Fixed Deposits >>  

 

Terms & Conditions apply
Product information and terms & conditions are subject to change from time to time.
Therefore, it is advisable to contact the branch nearest to you for the latest information and prevailing terms & conditions.

Interest Rates

Interest Rate ( p.a.) Annual Percentage Rate
1 Month (LKR) 7.000 7.230
2 Months (LKR) 7.000 7.210
3 Months (LKR) 8.000 8.240
6 Months (LKR) 8.500 8.680
12 Months -Interest paid monthly (LKR) 8.650 9.000
12 Months -Interest at maturity (LKR) 9.000 9.000
24 Months -Interest paid monthly (LKR) 8.850 9.220
24 Months -Interest paid annually (LKR) 9.250 9.250
24 Months -Interest at maturity (LKR) 9.700 9.270
36 Months -Interest paid monthly (LKR) 8.850 9.220
36 Months -Interest paid annually (LKR) 9.250 9.250
36 Months -Interest at maturity (LKR) 10.150 9.270
48 Months -Interest paid monthly (LKR) 8.850 9.220
48 Months -Interest paid annually (LKR) 9.250 9.250
48 Months -Interest at maturity (LKR) 10.600 9.240
60 Months -Interest paid monthly (LKR) 8.850 9.220
60 Months -Interest paid annually (LKR) 9.250 9.250
60 Months -Interest at maturity (LKR) 11.150 9.270

Place a deposit

Who can place a deposit

If you are a resident of Sri Lanka over the age of 18 years, you can place a Deposit.

What you need to bring 

National Identity Card, Driving License or Passport.

How to apply

Download application form and submit the filled form to any Commercial Bank branch.

Apply now

Download