Build a Stable Future in USD with the revolutionary Foreign Currency Investment Plan from Nations Trust Bank
For the first time in Sri Lanka it is now possible to plan your financial future in a stable foreign currency with Nations Trust Bank’s newly introduced Foreign Currency Investment Plan! This new investment plan allows customers to save and invest in a foreign currency right here in Sri Lanka. Sheahan Daniel, Senior Vice President – Branch Network, Nations Trust Bank PLC, shares his knowledge about this exciting new product that is set to change the game.
Q: Can you give us an introduction to the product?
A: There has been a trend of growing inward remittances to Sri Lanka from the Sri Lankan expatriate community living and working abroad. Understanding this, we wanted to add value for these customers. That’s how we came up with the idea for Foreign Currency Investment Plan, which allows customers to save each month to reach a targeted goal in USD.
Q: How does the product work?
A: The Nation’s Foreign Currency Investment Plan is a structured scheme similar to our Nations Personal Investment Plans. Customers can decide the tenor of the plan and the targeted amount they want to reach at the end of the investment period. This will then decide how much the customer needs to pay in each month. The monthly investments plus the preferential interest rate will combine to ensure that the customer reaches the targeted lump sum amount at the end of the investment period.
With this product, we are providing our valuable Sri Lankan Expatriate Community with a mechanism to set aside consistent savings each month in USD, through a disciplined and structured approach. This will then help them to transform their dreams in to reality.