In an effort to rev up the saving culture in Botswana, Bank Gaborone is rolling out a new product; ‘Easy Save’ which emphasizes on the need to save more.
The product is a solution tailored for the different challenges and financial status of the bank’s customers.
As a competitive and flexible savings account, Easy Save has a number of benefits which include affording clients up to 5.12 percent in interest rate gained from the first day when the account is opened, unavailability of monthly maintenance fees and a VISA debit ATM card.
To open the account, customers need only P100 which can also act as account balance. To put the icing on the cake ,customers have access to smart convenient and secure mobile app and e-pula Internet banking where they can transact 24/7/365.
According to Bank Gaborone Retail Operations and Services Manager Potlako Molomo, they are trying to show that saving can start at any stage with whatever income available and is not limited to the working class only.
“Savings do not only benefit the individual but are also necessary for the growth and development of the economy. There is evidence of household debt being higher than household deposits. Bank Gaborone believes that financial prudence, temperance and self control are key to financial freedom. If all those are exercised ,a steady increase in saving will make a remarkable contribution to the economy,” she said.
Bank Gaborone is dedicated to providing their customers with great services which include among them retail banking, Small Medium Enterprises banking, wholesale banking and treasury services.
Further, some of the products on offer are transactional banking ,savings and investments, foreign exchange and other tailor made financial services. Since it was licensed in 2006,the bank has grown in leaps and bounds to have a total of 12 branches and 21 automated teller machines across the country ,of which 12 accept cash deposits.
