Bank encourages savings with fast saver

May 25, 2009 05:02:52 PM

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The Australia New Zealand Bank Fiji (ANZ) has launched its new consumer “Fast Saver Account” in Suva today, primarily aimed at encouraging customers to save.

ANZ chief executive Pacific and general manager Fiji Robert Bell said the more customers save, the better their chances of earning a five per cent bonus interest on top of their monthly 0.25 per cent base interest.

“ANZ recognises that developing a savings habit and committing to a savings plan are important in these uncertain economic times,” Bell said.

ANZ Fiji’s Head of Retail Banking Haroon Ali confidently said customers would find this account attractive and influence their spending and savings habits in a positive way.

“Our financial literacy program will bring to the fore the importance of savings and the need for individuals to effectively manage their personal finances,” Ali said.

“The program offers customers the key ingredients for managing their money effectively, which hopefully are going to help them increase their financial fitness.”

He added the upcoming ANZ Pacific Nations Cup would be the major platform to drive customer awareness in Fiji and across the region.

“We encourage businesses, schools and government departments who wish to establish savings programmes for their employees to contact us to discuss how we can help,” Ali said.

“With a minimum opening balance of as little as $10, customers must make at least a single deposit of $10 or more each month and no withdrawals in that month to qualify for bonus interest.

The ANZ Fast Saver Account will be available at bank branches today.