Officially declaring the product launched, Modou Musa, the managing director of FIBank, said the institution delivers a banking relationship that values customers in a way that is uncommon. He said of the new product: “The product that we are about to launch today is the FIBank Special Savings Account going by the acronym, ‘FIBSSA.’ FIBSSA is a savings account with a difference. It is a dynamic and flexible savings accounts specifically packaged to help grow the wealth of our cherished customers. It has the added value of being operated as a current account by the use of a cheque book.
“FIBSSA is also cost effective as it allows access to funds without payment of bank charges while attracting competitive interest rates. The product is to afford depositors the flexibility of third party withdrawals and to encourage savings.
“The benefits of FIBank Special Savings Account include minimum initial opening balance of 2000 dalasi, third party payment of non-clearing cheques of up to 5000 dalasi allowed upon confirmation with account holders, access to loan of up to 70 percent of savings, access to foreign exchange transactions, real time withdrawal from any FIBank branches nationwide and many other benefits.”
Earlier, Amadou Sissoho of the bank in his explanation of the product, said it is designed to meet the special needs of customers. “FIBank is not new to innovation,” he said. “For us we saw it fitting that there is a gap between the savings and the current accounts. We came up with the idea of devising this product that will cater for our customers in which they don’t need to come to the bank and without charges.”
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