Ecobank Nigeria has introduced a “Target Savings Promo” into Nigeria fi nancial system, giving customers the opportunity to win double their savings in the bank within a specifi ed period. Th e promo tagged, Double Your Target Savings Promo is intended for customers who want to build up savings with the Bank to meet their future fi nancial goals or execute specifi c desired projects.
Th e savings promo is designed to reward both new and existing customers of the Bank within the six months period the promo is expected to run from August through January 31, 2018. Announcing the launch of the promo in Lagos, Head, Consumer Banking Ayotunde Kuponiyi, said the promo is 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 incentivize and reward new and existing customers who intend to build up savings to meet future fi nancial goals or execute specifi c 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 off ers 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 benefi ts the promo and other services that the pan African bank off ers.
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 are expected to save a fi xed amount of money from N10, 000 monthly to qualify for entries into monthly draws starting this August, where 30 winners will emerge every month. According to him the customer is expected to have retained funds in the Target Saving Account for a minimum of 1 month to qualify for the draw. He added that a total of 60 winners will emerge at the grand draw slated for January 2018. He said “to qualify for the grand draw, customers must have made deposits for at least 3 consecutive months. Th ere will be 60 winners in total, with each of the winners having their total qualifying contributions during the promo period doubled.”
