BancABC launches a deposit campaign for all customers to get up to 11% interest upfront for one year

BY DIRAMAKINI

BancABC Tanzania, which is part of Atlas Mara has launched a customer drive deposit campaign whereby the banks customers will get up to 11% interest upfront for one year, on structured fixed deposit accounts.

BancABC Tanzania Senior Manager – Retail and Commercial Banking, Lillian Mwakitalima (left) and the banks Chief Operation Officer, Mrs. Joyce Malai (right) display a placard after the launch of a customer drive deposit campaign.Speaking in Dar es Salaam, the BancABC Chief Operation Officer Mrs. Joyce Malai said they are introducing an annual interest rate of up to 11% for customers who will open fixed deposit accounts from today to mid-December this year and will be paid upfront interest instantly while their principal amounts remain secure until maturity.

“This is the best value proposition in the market so far and we want to encourage our customers and even those who do not have accounts with us to take advantage of this offer while it still lasts,” You reap before you sow."she said.

The Chief Operation 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 protect their principle while running their businesses and daily activities without having to wait till the end of the tenure to earn it.

"We are also flexible to accommodate those that would prefer a quarterly, semiannual, 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.

Speaking at the same event, BancBC Tanzania Senior Manager-Retail and Commercial Banking Lillian Mwakitalima said that BancABC Tanzania is keen in meeting its customers needs and ensuring that they grow together with the bank. 

"We value the support that our esteemed customers give to us and as a bank we have decided to reward them by launching this campaign,” Mwakitalima said.

BancABC Tanzania Senior Manager-Retail and Commercial Banking, Lillian Mwakitalima (left) speaks in Dar es Salaam over the weekend while announcing the launch of a customer drive deposit campaign whereby the banks customers will get up to 11% interest upfront for one year, on structured fixed deposit from today to mid-December this year and will be paid upfront interest instantly while their principal amounts remain secure until maturity on the right is the banks Chief Operation Officer, Mrs. Joyce Malai.

"All what a customer’s needs to do is to just visit any of BancABC Tanzania branches and open a fixed account and they will get their interest paid upfront which they can use to shop, travel, buy friends and family gifts this festive season. 

"Should a customer wish to borrow against his or her deposit, we can accommodate them. We welcome all to customers to enjoy this flexibility with us’ said Mwakitalima adding that one just needs to call us on 0779111000 or visit any of our branches in Dar, Dodoma, Mwanza and Arusha. Open a fixed account and they will get their interest instantly,"she said.

She added that the offer will apply to all customers who open a fixed account with BancABC Tanzania for six months to one year before the 15th December 2022 from Today.