Freshly introduced, the Bank One MoneyTree solution is the ideal choice for those wishing to grow their savings in an advantageous manner. Bank One has uniquely crafted the MoneyTree offer to provide customers with the flexibility to not lock their funds for long term for the sake of enjoying higher rates. In this way, they could enjoy high rates while keeping their savings accessible.
The MoneyTree assets
The MoneyTree is a savings account that offers a rate of up to 2.50%, which is one of the best on the market today. Requiring an initial deposit of Rs 50,000 only, this account, which comes without any monthly fees, offers several significant benefits such as:
– Interest calculated on the daily balance and payable quarterly. Customers benefit from a rate of 1.95% annually for a balance less than Rs 1 million and 2.50% for a balance greater than Rs 1 million.
– For amounts greater than Rs 10 million, the customer may receive even higher customised rates above 3%.
Successful investments for future projects
Thanks to Bank One’s various investment solutions, you can manage your budget and plan future projects (such as a real estate acquisition or the purchase of a car) in a more efficient manner.
To give an example, with a rate above 4% in some cases on fixed deposits, you will be able to choose the duration of your investment for a period of one to five years. The following advantages are also included in the offer: choice of the frequency of interest payments – this can be carried out monthly, quarterly, every semester, yearly or at maturity, depending on your needs and the client’s projects. As a proactive and forward-thinking bank, Bank One believes the choice should be completely yours!
What to expect from us going forward
“At Bank One, we have a very exciting roster of new products and services launches planned till the end of 2019 & early 2020. We continue to receive fantastic feedback & Uptake from our customers for the value we have loaded on Bank One products. Recently launched MoneyTree at 2.50%*, up to 1% Cashback on credit cards with Free for Life offer, Elite Banking & Mobile Banking rollouts, just to name a few are setting new benchmarks in Mauritius. Our outlook on the economy is bullish and we will continue to strive hard to bring the best offering to our Mauritian customers,” highlights Shehryar Bakht Ali, Head of Retail Banking, Bank One.
The various savings accounts or fixed deposits are reliable investment solutions that come with a 100% guarantee. The ultimate goal is to bring you better financial planning and carry out investments with peace of mind, backed by the support of Bank One. By choosing a savings account, your investment remains liquid, which means that it can be claimed at any time without being penalised on the rate. This is not always the case for other financial investments on the market, hence the bank’s positioning as a game changer.
For more information:
Tel: + 230 202 9200