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
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.