NDB Savings Planner helps achieve financial goals
Saving for a dream vacation, a wedding or even to save for the sake of saving is often a challenge especially when the economy is as tough as it is right now. Many individuals are often conflicted when it comes to saving for the future or living in the moment or even living pay check to pay check.
Accordingly, they either save every penny or splurge endlessly, without any financial guidance. Thus, understanding this need, National Development Bank PLC (NDB) launched its Savings Planner account – an account created solely for the purpose of fostering financial discipline in the account holder.
Speaking of this unique proposition, NDB Vice President Personal Banking and Branch Network Management Sanjaya Perera said, “NDB Savings Planner is a savings proposition that aims to foster financial discipline amongst those who aspire to reach their future goals while conveniently investing for a secured future.”
He further added that this unique savings proposition assures a greater return with a higher than normal savings interest rate, offering the customer the option of depositing an agreed monthly sum for an agreed maturity value.
One of the key features of the NDB Savings Planner is that it offers the customer the distinctive advantage of establishing an end target value of your choice. The maturity/target value can range from Rs.250,000 to Rs.10 million with tenures ranging from one to 10 years. This long-term commitment will have no withdrawals.
The NDB Savings Planner is tailor-made to suit the customer’s requirements and help them make most of their savings. Accordingly, they will also have the option of depositing an initial lump sum thereby requiring a lesser monthly commitment to reach their chosen target value.
Furthermore, Perera added that NDB Savings Planner is also an ideal solution for parents who wish to make the most of their savings for their little ones.
“NDB Savings Planner also offers a minor savings option where the parent or the guardian can save for their child’s future goals. Parents can make a simple monthly deposit and allow this deposit to grow where one can derive a higher interest than most minor saving products available in the market,” he stated.
The customer can also be up-to-date and watch their savings mature through the NDB e-statements and the NDB mobile banking app.
NDB has made considerable strides towards the Sri Lankan banking and finance sector, expanding and evolving a range of products and services accessible through its growing branch network.