Marathon Savings Account
The marathon characterises the values that Standard Chartered believes in and lives by everyday – a can-do attitude, a priority on strength of trust, willpower, stamina and the determination to go the distance. Since 2003 Standard Chartered Bank has sponsored the Greatest Race on Earth, a challenging virtual relay across four established marathons in Nairobi, Singapore, Mumbai and Hong Kong. These locations represent some of the most challenging urban running environments in the world. This year all proceeds from the Greatest Race on Earth will go towards the Seeing is programme.
Seeing is Believing is a partnership between Standard Chartered Bank and the International Agency for Prevention of Blindness. The Bank as a part of its Seeing is Believing programme has made a global commitment to raise USD 20 million for eye-care projects. The recipients will be 20 million people in 20 cities in key locations globally. In Sri Lanka the Seeing is Believing programme funds cataract surgeries, preventive treatment and eye care services for less privileged members of our community.
The Marathon Savings Account embodies the characteristics of a marathon, having a specific enrollment period, a validity period and a higher than normal return on your savings balance.
The Marathon Savings Account will contribute 1% p.a. of the total deposits to the Seeing is Believing programme allowing you to join our race to eradicate curable blindness.
What is the minimum maintenance balance required?
- The minimum balance required to enjoy an interest of 12% p.a. in the Marathon Savings Account is only Rs.10,000.
What are the unique features of this account?
- A distinct feature of the Marathon Savings Account is that you retain complete flexibility in your transactions allowing you to withdraw and deposit your money at your convenience.
How long is this offer valid for?
- The IPO (Initial Public Offer) Period is from 30th October to 29th November 2008. You can only enroll during this period.
Key features
- The minimum balance required to enjoy an interest of 12% p.a. is only Rs.10,000
- Retain the flexibility to withdraw and deposit cash whenever you please
- The bank will contribute 1% p.a. every month to the Seeing is Believing fund
- The interest will be calculated daily and credited monthly. Therefore, the more you save the more you earn
- The minimum opening balance required to start an account is Rs.10,000
How do I open an account?
- Walk in to any of our branches during working hours and speak to our PFC’s (Personal Financial Consultant). You can open an account by depositing Rs.10,000 initially. Thereafter you can build your balance as you wish.