Pan Asia Bank has come out with a special 12-month Fixed Deposit promotion scheme that pays an additional one month’s interest at maturity.
Accordingly, customers can receive an annual effective interest rate of 7.85 percent inclusive of the one month bonus interest offered whereas the regular rate at maturity for a 12 month FD is 7.25 percent.
There is no limitation to the amount one can invest under this FD promotion and every investment is guaranteed the high return. Moreover a Senior citizen ( over 55 years of age) will receive a 1 percent additional interest over the regular published rate on their 12 month and 24 month Fixed Deposits. For Fixed Deposits exceeding Rs.25 million or 24 months, customers can obtain special interest rates by visiting their nearest branch.
In the current low interest environment most client who relied on deposit interest income to support their livelihood are challenged to find suitable investment opportunities that combine high returns and maximum security for the capital. It is the recognition of this need that exists in the market that prompted Pan Asia Bank to come out with this special FD promotion which offers customers best of both worlds. In short, the returns offered by Pan Asia Bank fixed deposits are extremely attractive when compared to similar investment opportunities in the market while being a highly secure investment.