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Reach Us Benefits of Mercantile Investments Savings Accounts:
- Can be opened with a minimum initial deposit of LKR 1,500/=
- Any number of withdrawals permitted per month
- Interest calculated daily and credited monthly
- Special rate of return for senior citizens
Instilling a habit of saving and financial security
Mercantile Investments has introduced 2 types of savings accounts to encourage and instill a habit of saving and financial security among Sri Lankans:
1. MI Kids Savings Account
An account that will help build a strong financial foundation for your child to realize a brighter future.
2. MI Max Savings Account
An account for all other Sri Lankans above legal age investing in their future financial independence.
Both account types offer attractive interest rates, and can be opened and accessed at any Mercantile Investments branch island-wide.
Call our hotline for more details: +94 71 5111000
Savings Interest Rates
| Product | Rates |
|---|---|
| Normal Savings | 4.50% |
| Minor Savings | 5.50% |
| Senior Savings | 5% |
| Micro savings | 3% |
Savings rates with effect from 20th of February 2024.
Required Documents:
- Duly filled application form
- Duly filled KYC form
- Copy of National Identity Card/Driving licence/Passport
- Billing proof (if address differs from National Identity Card/ Driving License)
- Tax Declaration if applicable
- Birth Certificate copy (for minors)
