Superior interest rates of up to 9% available for savvy
investors at African Bank
African Bank offers market-topping interest rates of up
to 9% per annum to customers through its’ suite of retail saving products.
Launched in October last year, the range of savings products has expanded the
African Bank offering to support and promote a culture of saving amongst South
Africans.
The range of products currently includes three different
categories of highly competitive, secure deposit options which can be matched
to a customers’ individual investment goals. African Bank markets these
products through various advertising and direct channels, including a growing range
of independent financial advisors. Customers can also invest or manage their
saving portfolio directly in the comfort of their home, through the website at www.africanbanksavings.co.za.
Gavin Jones, Executive for Funding and Liability Management
noted: “We believe that it is important to assist South Africans to build
financial security through the promotion of a culture of savings. The
inclusion of a savings product broadens our current range of offerings beyond
personal loans and the highly competitive interest rates offered on these
savings products proves our intention to grow this new and important segment of
our business. It will provide an attractive alternative investment
proposition to investors who wish to diversify their investment portfolio into
a safer haven with higher fixed earnings”.
