Ecobank Nigeria, a subsidiary of the Ecobank Group, the leading pan-African banking group has announced an interest rate of up to 9 percent to its SuperSavers Account holders.
A statement by the financial institution explained that the SuperSavers Account is a high-yield savings account type tailored for customers who wish to maximise their returns on savings, while benefiting from a customer-focused banking experience, adding that the six-month reward package will run from January to June 2024.
Head of Premier Banking and Wealth Management, Ayodele Osolake, said the programme is part of the bank’s strategic initiatives to continuously encourage a savings culture that would enable its customers to earn more money to safeguard a 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,” she said.
Speaking further, she said: “Ecobank is mindful of the economic challenges and will constantly encourage our customers to hedge against possible future financial downturns enabling them to meet demands like travels, school fees and 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.”
Osolake also 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, while building the account up gradually, adding that customers could still retain access to their funds being entitled to two withdrawals per month without losing the benefit of the SuperSavers interest rate.