The Finance expands portfolio with novel savings accounts

THE Finance Company Ltd launched a novel savings scheme - TFC Savings - the latest of its product offerings. The interest rate for these TFC Savings Accounts range from 6.0% to 7.5% and is considered to be one of the best offered for any savings account in Sri Lanka today.

Chairman Ceylinco Consolidated Dr. Lalith Kotelawala, Deputy Chairperson S. P. C. Kotelawala and Deputy MD/CEO of The Finance Company Padmini Karunanayake were presented with the first three Savings Books at the launch.

Coupled with the savings scheme are also a wide range of benefits to customers such as facilities to start or improve a business, own a house, own a vehicle.

The attractive terms of interest will parallely improve with the growth of the deposit balance. TFC has also arranged for islandwide mobile teams to serve customers at their doorstep.

The Minors' Account provides loans for similar purposes (as the adult accounts) once the minor becomes an adult, together with loans for the higher education of the child, in keeping with TFC's promise of a "secure future".

Chairman Ceylinco Consolidated Dr. Lalith Kotelawala described TFC savings as a "winning product which will create customers for life", given its attractive interest rates and built-in facilities.

"The Minor's Account is especially one that offers children a Savings Account literally from birth, through youth, and right into retirement. It really is a fantastic product", he added.

Deputy Managing Director/CEO of The Finance Company Padmini Karunanayake expressed confidence of the success of TFC Savings.

"Backed by the strength and 65 year experience of The Finance Company, the Mother Company of the entire Ceylinco Group, and the marketing expertise of our staff, I have no doubt that TFC Savings will become one of the most sought after savings accounts in Sri Lanka in the near future", she said.

"The Company's 33 strong branch network, and 22 service centres strategically located in key towns around the country, the largest outside the banking and insurance sectors, are fully geared to take TFC Savings to a wider Sri Lankan public", Karunanayake added.

Now in its 65th year of operation in Sri Lanka, The Finance Company has expanded rapidly from its initial financing of motor vehicles, to offering a wide range of financing and leasing services to a rapidly growing customer base across Sri Lanka.

TFC is the Market Leader in the hire purchase of motor vehicles and property development, and enjoys the largest fixed deposit base in the non-banking financial industry.