Highlights

Select a plan of your choice and receive interests monthly, quarterly, biannually, annually or at maturity.
Get up to 90% of the deposit as a cash advance.
The best way to earn a higher interest rate for your funds.

Features

You can earn a higher rate of interest.
You can request the Bank to renew your deposit at maturity, with interest earned added to the capital or renew just the capital.
If you are already registered for our ComBank Digital Banking facility, you can place Fixed Deposits online at any convenient time, by directly debiting your account
You can receive up to 90% of your Fixed Deposit as a cash advance
The cash advance amount can be withdrawn any time through your debit Card from ATMs located islandwide
This special facility is offered for Fixed deposits with a value of Rs 100,000/- or above and a deposit period of over 1 year.
The interest rate of the Fixed deposit will remain unaffected until the deposit maturity.
You can earn interest monthly or at maturity, when you place a Fixed Deposit for 01 to 05 years.
If you place a Fixed Deposit for a period of 1 month to 6 months, interest will be paid only upon maturity.
On 02 year deposits interest could be paid monthly, annually or at maturity.
On 03 to 05 year Fixed Deposits, interest can be earned monthly, quarterly, bi-annually, annually or at maturity.
Special 04 months Fixed Deposit with a higher interest rate (Should be opened with a minimum Rs. 500,000/- deposit).

Eligibility

If you are a resident of Sri Lanka over 18 years of age, you are eligible to place a fixed deposit.

Minimum amount required to open a Fixed Deposit as follows;

01, 02, 03 & 06 Months - Rs. 25,000/-
04 Months - Rs. 500,000/-
01 Year - Rs. 10,000/-
Above 01 Year - Rs. 100,000/-

Interest rates

eFDs placed via ComBank Digital & Flash Digital Bank Account will receive a higher interest rate than the standard interest rate for 3,6,12 months eFDs (Available only for eFDs with interest paid at maturity).

	Interest Rate (p.a.)	Annual Effective Rate	eFD
1 Month (LKR)	6.50	6.70	6.50
2 Month (LKR)	6.50	6.68	6.50
3 Month (LKR)	7.50	7.71	7.75
4 Month (LKR)	7.50	7.69	7.75
6 Month (LKR)	7.75	7.90	8.00
12 Months -Interest paid monthly (LKR)	7.70	7.98	7.95
12 Months -Interest at maturity (LKR)	8.00	8.00	8.25
24 Months -Interest paid monthly (LKR)	8.75	9.11	9.00
24 Months -Interest paid annually (LKR)	9.10	9.10	9.35
24 Months -Interest at maturity (LKR)	9.50	9.09	9.75
36 Months -Interest paid monthly (LKR)	8.80	9.16	9.05
36 Months -Interest paid annually (LKR)	9.15	9.15	9.40
36 Months -Interest at maturity (LKR)	10.00	9.14	10.25
48 Months -Interest paid monthly (LKR)	8.45	8.79	8.70
48 Months -Interest paid annually (LKR)	8.78	8.78	9.03
48 Months -Interest at maturity (LKR)	10.00	8.78	10.25
60 Months -Interest paid monthly (LKR)	8.80	9.16	9.05
60 Months -Interest paid annually (LKR)	9.15	9.15	9.40
60 Months -Interest at maturity (LKR)	11.00	9.16	11.25

Making withdrawals

Withdrawals will be allowed only after the agreed period of the Fixed Deposit.

You can uplift the Fixed Deposits prematurely at a lesser rate of interest. Please speak to the branch manager if you need to make such a withdrawal.

Required documents

Account mandate.
Know Your Customer (KYC) form.
National Identity Card/ Valid Driving License/ Valid Passport that carries the NIC number.
Address verification documents (If the address given to the bank is different from the National Identity Card / Driving License.) More info >>

Placing a deposit

Duly complete all documents mentioned above and hand them over to your branch.

You can collect the application form from your nearest Commercial Bank branch or download it from our web site.

Key Facts Document »

Your deposit is protected under the Sri Lanka Deposit Insurance Scheme

What is the Sri Lanka Deposit Insurance Scheme (SLDIS) ?

The Sri Lanka Deposit Insurance Scheme (SLDIS) was introduced by the Central Bank of Sri Lanka (CBSL) to promote overall financial system stability. It provides a mechanism to protect depositors in the event of a failure of a member financial institution, thereby maintaining depositor confidence and supporting the stability of the financial system. Under SLDIS, insured depositors are compensated up to a specified maximum amount, known as the “coverage.” The current coverage is Rs. 1,100,000 per depositor, per institution.

More Info >>

Terms & conditions apply

Product information and terms & conditions are subject to change from time to time. Therefore, it is advisable to contact the branch nearest to you for the latest information and prevailing terms & conditions.