BSB Chief Executive Officer Nixon Marumoloa unveiled BSB latest financial empowering initiative: the launch of the transformative Savings Campaign, strategically crafted to elevate the financial well-being to customers and reinforce BSB commitment to empowering Batswana from all walks of life.
At the heart of this campaign lies a bold commitment to offering unparalleled benefits to customers, setting new benchmarks in the industry with the introduction of superior interest rates that are unrivaled in the market. “These rates are not just competitive; they are a testament to our dedication to providing accessible and impactful financial solutions to every individual, regardless of their financial journey”, said Marumoloa.
Key Features of this newly unveiled Savings Products:
Ordinary Savings:
- High-Interest Rates: Earn an exceptional 5.5% monthly interest rate on your savings, ensuring your money works harder for you.
- Minimum Opening Balance: Get started with just P50, making it accessible to everyone.
- Tax-Free Earnings: Keep more of what you earn, as the interest earned is completely tax-free.
- Convenient Banking: Access your funds easily with a debit card and enjoy free POS purchases.
Fixed Deposit:
- Competitive Rates: Choose between a 5.5% interest rate for a 6-month term or an impressive 6.25% for a 12-month term.
- Minimum Opening Balance: Start your fixed deposit journey with just P1000.
- Predictable Returns: Enjoy stable and predictable returns over your chosen term, ensuring peace of mind and financial security.
“Our strategic vision for this campaign seamlessly aligns with our brand purpose, deeply entrenched in our commitment to delivering low-cost, expeditious, and needs-driven banking services. As we continue our journey towards Lesedi 2025, our comprehensive strategic roadmap, our overarching mission is still unequivocal: to evolve BSB into a “No Frills” Commercial Bank by 2025”, confidently stated Marumoloa.
This campaign not only aims to elevate the financial well-being of customers but also brings significant benefits to the bank. By offering superior interest rates and exceptional service, the aim is to solidify BSB’s position as a trusted financial partner, fostering long-term relationships and driving sustainable growth. Customers benefit from higher returns and enhanced financial security, while we anticipate an increase in our deposit book, boosting liquidity and revenue growth.
