United Bank for Africa (Ghana) Limited has launched a Mega Savings Promo dubbed the UBA DOUBLE TRIPLE SAVINGS PROMO.

The Double Triple Promo doubles the interest on two months savings and triples the interest on three months savings with UBA. The Double Triple Promo is designed to create excitement for the bank’s products whilst stimulating customer interest in doing business with UBA and rewarding existing customers for choosing UBA. 
 

Target Market.

Customers and non-customers of the bank – Individual Savings Account holders including sole proprietors

How it works

•    New customer opens  a Savings account with UBA

•    Deposits a minimum of GHC100 in the Double Triple Savings account

•    Existing customers top up their accounts with a minimum GHC100 to participate in the promo. However, Double or Triple interest will be paid only on the incremental deposit.

•    Save funds for 60 or 90 days without any withdrawals.

•    Existing balance before Promo will earn normal interest rate of 5%

•    The new savings will earn Double or Triple the normal interest if not touched for 60 or 90 days respectively.

•    The account will automatically be credited with the interest after the 60 or 90-day anniversary depending on the option chosen by the customer.

Conditions

•    Any withdrawal from the account during the Promo will result in the loss of the triple or double interest. The account will revert to a normal account earning 5% interest.

•    However if a customer reverts to the normal account but tops up beyond his closing balance as of September 1 he still qualifies to earn double or triple interest on his incremental deposit if  there is no withdrawal for 60 or 90 days..

According to the Executive Director of UBA, Mr. Daniel Addo, the UBA Double Triple Savings Promo will help encourage a savings culture among UBA customers and the public.  
 

Duration

The Promo lasts from September 1 till November 30, 2009.