BancABC, which is part of Atlas Mara, has made another milestone after launching a special deposit campaign of up to 14 per cent interest upfront, on structured fixed deposit accounts.
The BancABC Chief Operations Officer Ms Joyce Malai said they are introducing an annual interest rate of up to 14 per cent for customers who will open fixed deposit accounts from today to the end of September this year and will be paid upfront interest instantly while their principal amounts remain secure until maturity.
“This is a good offer in the market so far and we want to encourage our customers and even those who do not bank with us to take advantage of this offer as it lasts,” she said.
She added, “We are giving an upfront interest to enable our customers still run their businesses and daily activities without having to wait till the end of the tenure to earn it,”
Commenting further on this offer, the acting Head of Treasury and global Markets Ms Luiza Paschal said that “We are also flexible to accommodate those that would prefer a quarterly, semiannual or annual interest payment besides the upfront. To us a customer is king and that’s why we have created this flexibility to accommodate all our customers’ needs,”
She further added that should a customer further wish to borrow against his or her fixed deposit, they can do that with us. We welcome all customers to come to enjoy this offer while it lasts.
“One just needs to visit any of our branches at Uhuru, Quality Centre, Kariakoo, Dodoma, Mwanza and Arusha, open a fixed account and they will get their interest paid instantly,” she said.
She went on to say that the offer will apply to customers who open a fixed deposit account with BancABC for one year before the 30th of September this year.