SDB bank | SDB Corporate Top Saver Account

Offering the highest interest rates to the corporate sector, the SDB Corporate Top Saver account has become the ideal savings account for enterprising and fast progressing businesses in Sri Lanka. Rates apply from 23rd March 2022.

Account Balance

Rs. 25,000 - Rs. 2.5 Mn

Interest Rate (p.a.)

3.25%

Account Balance

Rs. 2.5 Mn - Rs. 5 Mn

Interest Rate (p.a.)

3.75%

Account Balance

Rs. 5 Mn - Rs. 10 Mn

Interest Rate (p.a.)

4.25%

Account Balance

Rs. 10 million and above

Interest Rate (p.a.)

6.00%

Account Balance

Rs. 100 million and above

Interest Rate (p.a.)

6.15%

FEATURES AND BENEFITS

Highest interest rate of up to 5.15% for savings
Interest calculated on daily basis based on the day-end balances and credited monthly
Loan facilities against savings balances with ability to avail up to 80% of the deposit for a 1 year loan renewal period at 14% interest rate

Eligibility

A minimum initial deposit of Rs. 25,000/=
SANASA Societies
Multi-purpose Co-operative Societies and other Co-operative Societies
Welfare and death donation societies
Companies registered under Companies Act of Sri Lanka
Non-governmental organizations
Any other institutions acceptable to the bank

Required Documentation

SANASA Society / Union / MPCS / Other Society

Duly filled account opening mandate
Certified copy of Registration Certificate of Society
Certified copy of a Memorandum and Articles of Society
Certified copy of a resolution of the Board of Directors
Society declaration form
Signature Card

Limited Liability Companies

Duly filled account opening mandate
Certificate of Incorporation (For inspection and return)
Copy of the Memorandum and Articles of Association (Duly certified by the Chairman and Secretary)
Certified copy of a resolution of the Board of Directors (Overleaf)
List of Directors certified by the Registrar of Companies on Form 48
Certified copy certification to commence business (If a public company)
Duly completed and witnessed signatures card of the Directors