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Power Bonus Account

A 60% bonus on your regular interest

Power Bonus Account is a blend between Fixed Deposits and Savings Accounts. It combines the flexibility of a Savings Account and the high interest available on a Fixed Deposit.



 

The Essentials

  • A specialized Savings Account that pays a quarterly bonus on interest earned. 

  • Earn 60% bonus on the interest based on conditions applied for withdrawals. 

  • Open the account with a minimum deposit of Rs 5000/-

Power Bonus is ideal for first time wage earners as well as the self employed. Overall, this is possibly the best deposit cum investment option for small and medium scale savers to earn a higher return.

 

High interest rate

You will receive a quarterly bonus interest in addition to the regular monthly interest depending on the number of withdrawals made during a month.

  • If there are no withdrawals or just one withdrawal during a month - 60% bonus on interest

  • If there are more than one withdrawal during a month - Normal interest

All you need is to maintain Rs 5,000/- as a minimum balance

 

Account opening process

You can open either a Statement Savings or a Passbook Savings Account according to your preference. This could be in the form of an individual account in your name or even as a joint account with one or more parties. Whatever the type of account you choose, you will also be entitled to an ATM cum Debit card.

If you already have a Commercial Bank Savings Account, you can convert your account to a Power Bonus Account. All that is required is to visit the nearest Commercial Bank branch and transfer your existing account to a Power Bonus Account. You can also download the application form from the link given below and submit the filled application form to your preferred branch to open the account.

 

Making withdrawals

Enjoy fast, convenient and 24 x 7 unlimited access points to your account from anywhere in the world through Online Banking and Mobile Banking or through the millions of ATMs belonging to the Cirrus or Visa networks.

You can also make payments for goods and services using your ATM cum Debit card, to any merchant with a POS machine connected to the Visa or Master network.

You can make withdrawals from any ATM cum Debit card or over the bank counter

If you are a Passbook Savings Account holder, please produce your passbook along with the duly completed withdrawal form when making over the counter withdrawals.

 

Facilities offered for Power Bonus Account holders

  • e-Passbook facility - Free of charge

  • e-Statement facility - Free of charge

  • Mobile Banking facility - Free of charge

  • Online Banking - Registration fee and first year annual fee waived off

  • SMS alert facility - Registration fee waived off

  • Debit Card - Personalized or instant card.

 

Terms & Conditions - Power Savings Account >>

 

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.

Conditions on withdrawals will apply

 

Interest Rates

Interest Rate ( p.a.) Annual Percentage Rate
Interest paid monthly - (60% more) 2.500 4.070

Open an account

Who can open accounts

If you are a resident of Sri Lanka over the age of 18 years, you can open a Power Bonus Account

What you need to bring

  • National Identity Card, Driving License or Passport
  • You can open the account with a Minimum deposit of Rs 5,000/-

How to apply

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

Apply now

Download or Apply online