Posted on 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.