BANCABC LAUNCHES A DEPOSIT CAMPAIGN

BancABC Tanzania Chief Commercial Officer, Joyce Malai speaks in Dar es Salaam after the bank launched a special deposit campaign of up to 14% interest upfront on structured fixed accounts. The upfront interest is aimed at enabling BancABC Tanzania customers to still run their businesses and daily activities without having to wait till the end of the tenure to earn. Left is the banks Acting Head of Treasury and global Markets Luiza Paschal.

BancABC Tanzania Chief Commercial Officer, Joyce Malai (right) and the banks Acting Head of Treasury and global Markets Luiza Paschal (left) display a placard after launching a special deposit campaign of up to 14% interest upfront on structured fixed accounts. 

Upto 14% upfront interest for one year.

June 23rd, 2021 - BancABC, which is part of Atlas Mara has made another milestone, launched a special deposit campaign of up to 14% interest upfront, on structured fixed deposit accounts.

Speaking in Dar es Salaam, the BancABC Chief Commercial Officer Mrs. Joyce Malai said they are introducing an annual interest rate of up to 14% for customers who will open fixed deposit accounts from today to end 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.

The Chief Commercial Officer said BancABC was keen in meeting its customers’ needs and ensuring that they grow together with the bank. 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.’ she said. This requested has been rendered to customers as a subsequent yield to other long-term investments.

‘We are also flexible to accommodate those that would prefer a quarterly, semi annual 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 added.

She further added that should a customer further wish to borrow against his or her fixed deposit, they can do that we us. We welcome all to customers to come enjoy this offer while it lasts.

“One just needs to call us on 0779111000 or visit any of our branches at Uhuru, Quality Centre, Kariakoo, Dodoma 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 31st of September this year.