Ecobank Unveils Savings Promo


Ecobank Nigeria has unveiled a savings promo which is aimed at giving its customers the opportunity to double their savings in the bank within a specified period.

The promo tagged: ‘Double Your Target Savings Promo’ is intended for customers who want to build up savings with the bank to meet their future financial goals or execute specific desired projects.

The promo, according to a statement from the bank, was designed to reward both new and existing customers of within the six months period it is expected to run from August through January 31, 2018.

Head, Consumer Banking of the bank, AyotundeKuponiyi, said the promo was in line with the bank’s policy of rewarding customers who participate by making steady monthly contributions into their target savings account.

According to him, “The Target Savings product was designed to incentivise and reward new and existing customers who intend to build up savings to meet future financial goals or execute specific desired projects.”

He explained that the target project could be saving for school fees, holidays, pilgrimage, weddings, purchasing personal assets, among others. He reiterated that apart from its very competitive interest rate, the product offers the much needed opportunity for customers to achieve their dreams.

Kuponiyi advised the banking public to take advantage of the promo to open accounts with Ecobank to enjoy the enormous benefits the promo and other services that the pan African bank offers. He also enjoined the existing customers to increase their savings to qualify and win in any of the numerous draws.

On the dynamics of the promo and draws, he said customers were expected to save a fixed amount of money from N10, 000 monthly to qualify for entries into monthly draws starting this August, where 30 winners would emerge every month.
According to him the customer was expected to have retained funds in the Target Saving Account for a minimum of one month to qualify for the draw. He added that a total of 60 winners will emerge at the grand draw slated for January 2018.

“To qualify for the grand draw, customers must have made deposits for at least three consecutive months. There will be 60 winners in total, with each of the winners having their total qualifying contributions during the promo period doubled,” he said.

He further pointed out that participating customers could increase their chances of winning by referring other individuals to save with the bank.