MCB Srilanka

IMPORTANT NOTICE

All MCB Branches are open for business from 9.00am to 3.00pm to serve you with counter transactions. We encourage you to use our digital banking channels for 24/7 fast & convenient banking services. ---- All MCB Branches are open for business from 9.00am to 3.00pm to serve you with counter transactions. We encourage you to use our digital banking channels for 24/7 fast & convenient banking services. ----

For further assistance please contact us on +94 115 000 622

Interest Rates

Interest Rates effective from July 11, 2023

Savings Deposits

Description Min Rate Max Rate
Up to 999 NIL NIL
1,000 - 499,999 3.50% 4.00%
500,000 and above 4.00% 4.50%

Minor Savings Deposits

Description Min Rate Max Rate
Up to 999 NIL NIL
1,000.00 - 24,999.00 2.50% 3.00%
25,000.00 - 99,999.00 3.00% 3.50%
100,000 and above 4.00% 4.50%

Kidz Club Account

Description Min Rate Max Rate
Up to 999 NIL NIL
Over 1,000 4.00% 4.50%

Call Deposits

Description Min Rate Max Rate
Call Deposits 4.00% 4.50%

Time Deposits

Description Min Rate Max Rate
1 Mnt 8.00% (AER 8.30%) 8.50% (AER 8.84%)
3 Mnts 12.00% (AER 12.55%) 12.50% (AER 13.10%)
6 Mnts 11.00% (AER 11.30%) 11.50% (AER 11.83%)
1 Year - Interest Payable Monthly 10.75% (AER 11.30%) 11.25% (AER 11.85%)
1 Year - Interest Payable at Maturity 11.50% (AER 11.50%) 12.00% (AER 12.00%)
2 Years - Interest Payable Monthly 9.90% (AER 10.36%) 10.30% (AER 10.80%)
2 Years - Interest Payable Monthly 11.00% (AER 10.45%) 11.50% (AER 10.91%)
3 Years - Interest Payable Monthly 9.90% (AER 10.36%) 10.25% (AER 10.75%)
3 Years - Interest Payable at Maturity 11.50% (AER 10.38%) 12.00% (AER 10.79%)
4 Years - Interest Payable Monthly 9.45% (AER 9.87%) 9.75% (AER 10.20%)
4 Years - Interest Payable at Maturity 11.50% (AER 9.92%) 12.00% (AER 10.30%)

FCY Savings

Description Min Rate Max Rate
US Dollar 0.50% 0.75%
Sterling Pound 1.00% 2.00%
Euro 1.00% 2.00%
Australian Dollar 0.0% 0.0%
Singapore Dollar 0.50% 1.00%
Japanese Yen 0.13% 0.63%
Hong Kong Dollar 0.50% 1.00%

FCY Term Deposits - 1 Month

Description Min Rate Max Rate
USD 0.75% (AER-0.75%) 1.00% (AER-1.00%)
GBP 1.00% (AER-1.00%) 2.00% (AER-2.02%)
EUR 1.00% (AER-1.00%) 2.00% (AER-2.02%)

FCY Term Deposits - 3 Months

Description Min Rate Max Rate
USD 1.00% (AER-1.00%) 1.25% (AER-1.26%)
GBP 1.00% (AER-1.00%) 2.00% (AER-2.02%)
EUR 1.00% (AER-1.00%) 2.00% (AER-2.02%)

FCY Term Deposits - 6 Months

Description Min Rate Max Rate
USD 1.25% (AER-1.26%) 1.50% (AER-1.51%)
GBP 1.50% (AER-1.51%) 2.50% (AER-2.52%)
EUR 1.50% (AER-1.51%) 2.50% (AER-2.52%)

FCY Term Deposits - 1 Year

Description Min Rate Max Rate
USD 1.50% (AER-1.50%) 1.75% (AER-1.75%)
GBP 1.50% (AER-1.50%) 2.50% (AER-2.50%)
EUR 1.50% (AER-1.50%) 2.50% (AER-2.50%)

Interest Rates on Advances

Description Min Rate Max Rate
Export Bill Finance - Rupee Facilities _ _
Import Bill Finance - Rupee Facilities _ _
Lease Finance _ _
Lending to small & Medium Scale Industries (SMEs) _ _
US Dollar Loans to Exporters _ _
Personal Loans _ _
Car4U _ _
Home Loan (Exsisting Facilities only) _ _

Overdrafts

Description Min Rate Max Rate
Permanent _ _
Temporary _ _

Penal Rate on Over Dues

Description Min Rate Max Rate
Penal Rate on Over Dues _ _

Note - Interest Rates are subject to change without prior notice. Please call us on our hotline to find the latest interest rates applicable.

Note - Interest rates may vary between the given range (minimum/ maximum) and subject to thresholds specified for each product.

Note - For interest rates on advances/ facility products, please contact the bank.

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