Current Rates

Fixed Deposit Rate - 3 Months

10.25% p.a

Loan Rate - Residential Housing

14.5% - 16.00% p.a

Loan Rate - Personal Loans

16.00% - 16.5% p.a

Pawning Rate

18% p.a

*Conditions Apply

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The money market is where financial instruments with high liquidity and very short maturities are traded. It is used by participants as a means of borrowing and lending in the short term, with maturities that usually range from overnight to just under a year. Among the most common money market instruments are repurchase agreements(repo), negotiable certificates of deposit (CDs), bankers acceptances, Treasury bills, commercial paper, municipal notes, federal funds and reverse repurchase agreements (reverse repo).

 

For special rates on large deposits, please contact the Treasury Money Desk

 

Repurchase Agreement (Borrower)

A Repurchase Agreement is where a holder of securities sells those securities to an investor with an agreement to repurchase them at a fixed price on a designated future date. The security "seller" in effect borrows money from the security "buyer" for the period of the agreement, and the terms of the agreement are structured to compensate the "lender" for this.

Reverse Repurchase Agreement (Lender)

A Reverse Purchase Agreement is where an investor buys securities from a security holder, with an agreement to sell them at a fixed price on a designated future date. The security “buyer” in effect lends money to the security “seller” for the period of the agreement.

For special rates on large deposits, please contact sisirak@peoplesbank.lk

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