A new savings account with an interest rate of 7.5% p.a has been launched by the Hatton National Bank PLC with the intention of further encouraging the savings habit among people.

HNB's Capital Savings the new savings account carries an Annualized Effective Rate (AER) of 7.79% for a Minimum Initial Deposit of Rs 100,000/- and (AER) of 6.18% for a Minimum Inital Deposit of Rs 50,000/- without restrictions on the number of withdrawals.

HNB Capital Savings offers an interest rate of 6% p.a for an initial minimum deposit of Rs 50,000/- and 7.5% p.a for a initial minimum deposit of Rs 100,000/- with unlimited withdrawals . HNB Capital Savings also offers many other special benefits which include free internet banking, free SMS banking, immediate loan facilitation up to 90% and free ATM card. This product is available through the bank's 181 HNB Customer Centres located island wide.