SPRING BANK INTRODUCES MORE INCENTIVES FOR ITS SAVINGS PRODUCTS
Released on 24 Mar 2010
SPRING BANK INTRODUCES MORE INCENTIVES FOR ITS SAVINGS PRODUCTS
Spring Bank Plc has introduced fresh incentives to its savings products in the spirit of its betalife customer satisfaction campaign during the Easter Season and beyond.
Any customer of Spring Bank nationwide that deposits N10, 000.00 into any savings product account, beginning this Easter season, will win from an array of gift items through an instant scratch-and-win opportunity.
These items, which include umbrellas, T-shirts, pens and face caps among others are available to existing and new customers that subscribe to any or all of the retail products of the bank, namely, Savings Plus Account; SpringStars Account, SpringSave Accounts and the Regular Savings Account.
The Savings Plus Account is an attractive high interest yielding product with an opening balance of N5, 000.00 and is designed in such a way that balances exceeding N100, 000.00 for a period of 30 days attract an interest rate higher than any other in the market.
The product, which immensely appeals to middle-level customers, who may be traders, business men, working class people among others, has interesting features. These include customized non-clearing cheque book; lodgment of cheques and dividend warrants; third party withdrawal possibilities within Spring Bank branches; a free debit card as well as standing order payments among others.
On the other hand, the SpringStars Account, is a twin product for children and teenagers, who in growing the account from an opening balance of N2000.00 to over N10,000.00 automatically qualify for membership of an exclusive kiddies/teen’s club that is full of information, education and entertainment. Subscribers to this product enjoy an interest rate at the existing savings rate; lodgment of cheques and dividend warrants. The child on the Kiddies’ account can begin to operate it at the age of 12.
SpringSave Account, a platform through which 1564 customers won various empowerment items in the past operates with a minimum balance of N5,000.00. A breakdown of the empowerment items so won in the past included four Toyota Hilux Utility Vehicles, 120 motorcycles, 120 generators, 120 multi-purpose motors, 240 sewing machines, 360 Wahl Barber Kits, 240 hair dryers and 360 Starcomms CDMA 1X each with free N2,500.00 airtime. However, to enjoy the Scratch-and-Win opportunity, the holder of the SpringSave Account, as in the SavaingsPlus and SpringStar products, will necessarily grow the account to a minimum of N10, 000.00.
