In line with its tradition of providing customers with innovative lifestyle changing products, leading customer-centric bank, Diamond Bank Plc has announced the launch of a high interest yielding savings account called the Diamond Bonus Savings Account.
In a press statement released by the Bank, Senior Advisor, Retail Banking, Garry Marsh, revealed that the Diamond Bonus Savings Account is designed for individuals desiring higher interest earnings on their accumulated savings. Targeted at individuals who are looking for a high regular income on their savings, but with the flexibility to move funds whenever they wish, the account offers customers an annual interest yield of 5%, payable monthly, plus a quarterly bonus of 100% on interest earned if no withdrawal is made in the quarter. The minimum balance requirement is N500,000.
According to Garry Marsh, “We are not aware of any other bank offering anything close to 10% on their savings accounts, but that is exactly what Diamond Bonus Savings account offers. We think it is the best deal in the industry by any measure and the account operates absolutely free of any charges”,
“Diamond Bonus Savings account is available to existing and prospective customers of the bank with a minimum opening balance of N500,000. Customers will earn the guaranteed 5% annual interest payable every month when they maintain a minimum balance of N500,000, while the bonus interest of 100% is awarded when no withdrawals are made in a quarter. Customers who simply leave their money in the account untouched will earn almost 11% on a compounded basis as interest and bonus continues to be added,” adds Garry Marsh.
“Diamond Bonus Savings account holders enjoy much more than high interest though as they also have the luxury of accessing their funds through our various electronic channels like Diamond Online, Diamond Mobile and Diamond Telephone Banking Services. They can equally make withdrawals over the counter at any of our 220 branches across the country, provided the minimum balance of N500,000 is maintained,” said Garry Marsh.
Diamond Bonus Savings Account becomes the latest addition to the rich bouquet of savings accounts currently offered by Diamond Bank. Amongst these accounts are the Diamond Kiddies Account, targeted at children below 18 years, Diamond SavingsXtra Account, for those who want to enjoy all the benefits of a savings account plus a chance to win over N600 million in rewards; and Diamond High Interest Deposit account, targeted at individuals with at least N100,000 desiring competitive interests on their savings. “Our savings accounts are tailor-made to suit diverse market segments and with as little as N5,000, individuals can start a banking relationship with us, banking for free, with access to the excellent service delivery for which we are known,” concludes Garry Marsh.