Sampath Bank launches first-ever Investment Plan product

In a recent unprecedented move, the driving force behind Sri Lankan financial services, Sampath Bank announced the launch of ‘Sampath Dream Planner’, a personal investment plan, which will serve as a tailormade savings solution for its discerning customers.

Consisting of two categories – Personal Investment Plan and Kids Investment Plan, both options offer a guaranteed rate of interest for the period of investment. As a result of this, Sampath Bank will be able to ensure that customers will secure their future financial aspirations at a targeted calendar date. This will be an especially useful solution to those who want to save but lack a proper structured plan.

A personal investment plan under the Sampath Dream Planner initiative can be opened individually or jointly by any person(s) over the age of 18. A maturity period anywhere between to two to five years can be chosen by the customer with a maturity value of over Rs.50,000.

Personal investment plans will enjoy a guaranteed higher interest rate 7 percent p.a. for the investment period. Adding to the flexibility of the plan, Sampath Bank will allow premature closures at the normal base savings rate.

Responsible parents who would like to open a Kids Investment Plan can do so provided that their child is no older than 13 years of age. The maturity values will stand between Rs.50,000 and Rs.10 million with a five to 10-year maturity period. Much to the benefit of both the children and parents, Kids Investment Plans will feature an industry leading guaranteed higher interest rate of 7.5 percent p.a. for the investment period.

This much-anticipated banking product from Sampath Bank will appeal to younger parents and working executives who seek to engage in saving with a trusted financial giant. Sampath Dream Planner will be the ideal investment plan to make dreams a reality. As we move forward into 2020 and beyond, Sampath Bank will continue to innovate products such as these in order to stay true to their motto of presenting your future.