But inflation in the last 12-months has been over 25 percent in Sri Lanka.
"No standard savings scheme can beat the prevailing rate of inflation," Commercial Bank managing director Amitha Gooneratne said in a statement.
"Nevertheless, the launch of this scheme is a significant step that will be welcomed by a large segment of the population that is not in the market for time deposits or government securities, but still needs a savings account with the highest possible return to meet day to day banking needs."
The super saver accounts pay an annualised effective rate of 12.68 percent.
In Sri Lanka fixed-term deposits - where depositors agree to place money for 3-months and above - can get rates of around 17 percent and higher, but savings accounts from which money can be withdrawn without notice pay around