Ecobank Nigeria, a subsidiary of the Ecobank Group, the leading pan-African banking group, has announced interest rates of up to nine percent to be earned by its SuperSavers account holders.
The SuperSavers account, the bank said in a statement issued on Monday, is a high-yield savings account type tailored for customers who wish to maximize their returns on savings while benefiting from a customer-focused banking experience.
The Head of Premier Banking & Wealth Management, Ayodele Osolake, says the offer is part of the Bank’s strategic initiatives to continuously encourage a savings culture enabling customers of the Bank earn more money to safeguard better financial future.
“At Ecobank we make it easy for our customers by providing a special high-yield account type to warehouse their funds securely instead of them falling prey to speculative and windy investment windows. Beyond the high yield and financial safety, our clients retain the flexibility to access their funds when required.
“Ecobank is mindful of the economic challenges and will constantly encourage our customers to hedge against possible future financial downturn enabling them to meet demands like travels, school fees, building projects among other life demands. The Supersavers Account (which comes in local and foreign currency variants) encourages them to save and build their wealth simultaneously. It is packaged in such a way that customers would benefit immensely. I want to encourage our new and existing customers to make the best of this opportunity.”
Ms. Osolake explained that “To qualify for the additional interest rate, customers need to open and fund their supersavers Naira account, with a minimum deposit of N500,000.00, while building the account up gradually.
She clarified that customers could still retain access to their funds being entitled to 2 withdrawals per month without losing the benefit of the SuperSavers interest rate!
