Dar es Salaam – Tanzanian’s can now earn up to 10% interest when they double their savings with Barclays.
Speaking at the launch, which took place at the bank’s Head Office, Barclays Liability Manager, Innocent Chonya said “After carefully analysing the saving patterns of Tanzanian’s, we found out that many of our customers do not open savings accounts for multiple reasons, one being low interest rates.
Following our research, we decided to develop an offering that will help address our customers concerns. Customers who currently have a Bonus Savings account need to double their existing balances to qualify to earn double the interest that they were originally receiving.
For new customers, they simply need to visit any of our branches, open a bonus savings account, and make a deposit of their choosing and they will qualify to receive double the interest up to 10%”
Barclays Bonus Savings account provides customers the opportunity of earning the highest interest rate in the country for a saving product that is not a fixed deposit product. This savings account allows you to earn a bonus interest payment in addition to the ordinary interest if you do not withdraw more than once within a given quarter.
He continued, “At Barclays, we believe in delivering products that meet the need of our customers and the ever changing economic landscape of the country. Our customers are why we exist as a bank, and it’s therefore our duty to ensure that we offer them with solutions that help them achieve their saving goals. Let your money start working for you, open a Bonus Savings account with Barclays today!.”
For further information please contact:
Head, Marketing & Corporate Relations
Barclays Bank Tanzania
+255 22 228 2018
About Barclays Bank Tanzania
Barclays Bank Tanzania has been operating in Tanzania for the past 10 years and currently boasts a network of 17 branches, 51 ATMs strategically located countrywide.
Barclays Bank Tanzania Limited first opened its doors in Tanzania in 1925 and continued to operate in the country until 1967 when its Tanzania operations were nationalized to become National Bank of Commerce. With the liberalization of the economy in 1990s, Barclays Bank Plc made a decision to re-enter the Tanzania market and re-opened its doors in the year 2000. Barclays Bank Tanzania now has 17 branches, 51 ATMs strategically located countrywide, over 400 employees and over 110,000 customers.
About Barclays Africa Group
Barclays Africa Group Limited (“Barclays Africa” or “the Group”) is listed on the Johannesburg Stock Exchange and is one of Africa’s largest financial services groups. Barclays Africa is 23.4% owned by Barclays Bank PLC (“Barclays PLC”).
Barclays Africa is a fully local, fully regional world-class bank, offering personal and business banking, credit cards, corporate and investment banking, wealth and investment management and insurance.
The Group operates in 12 countries with approximately 40 thousand employees, serving close to 12 million customers.
The Group’s registered head office is in Johannesburg, South Africa and owns majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania (Barclays Bank Tanzania and National Bank of Commerce), Uganda and Zambia. The Group also has representative offices in Namibia and Nigeria.
For further information about Barclays Africa, please visit www.barclaysafrica.com