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The Commercial Bank of Ceylon has announced a significant increase
in the interest rate offered to Sri Lankan Personal Foreign Currency (PFC)
account holders, via the Bank’s ‘FC Plus’ account.
Individuals who open an FC Plus foreign currency account at
Commercial Bank will be eligible to receive an interest rate of 4.5% per annum
for US Dollar deposits, the Bank said.
Interest will be calculated on the daily balance and credited to
customers’ accounts monthly, enabling them to earn interest on interest, resulting
in their foreign currency savings growing faster than other foreign currency
accounts and earning a higher return than overseas deposit rates.