Mybank declares PLS profit rates

Mybank Ltd has declared the following profit rates on PLS deposits for the period of six months ended 31st December 2009.

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PLS SAVINGS ACCOUNTS

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Profit Calculated on Minimum Monthly Balance and Payable Semi-Annually

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Amount                               % p.a

Any Deposit Amount                    5.00

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                           Special Notice                 Term Deposit

                           Deposit Account                     Regular

Deposit Period       (Rs: 50,000 and above)      (Rs 50,000 and above)

                                            Profit Payable at Maturity

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                                    % p.a.                      % p.a.

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7-29 Days                             5.00                           -

30 Days and over                      5.00                           -

1 Month                                  -                        6.00

3 Months                                 -                        7.00

6 Months                                 -                        8.00

1 Year                                   -                       10.50

2 Years                                  -                       10.75

3Years                                   -                       11.00

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Business Premium Accounts

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Profit Calculated on Daily Product Basis, and Payable Quarterly

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Amount                                                           % p.a

Up to Rs 5,000,000                                                5.00

Rs 5,000,001 to Rs 10,000,000                                     6.00

Rs 10,000,001 to Rs 25,000,000                                    6.50

Rs 25,000,001 to Rs 50,000,000                                    7.00

Rs 50,000,001 to Rs 75,000,000                                    7.50

Rs 75,000,001 and above                                           8.00

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Special Deposit Accounts for Fixed Period (Profit Payable Quarterly)

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Deposit Period                                                   % p.a

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1 Year                                                           10.35

2 Years                                                          10.60

3 Years                                                          10.75

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Fixed Term Deposit Scheme (Profit Payable Monthly)

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Deposit Period                                                   % p.a

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1 Year                                                           10.00

2 Years                                                          10.25

3 Years                                                          10.50

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