uniBank Introduces Hybrid Savings Account

Mr Mettle said the new product hinged on uniBank’s belief that “we can enhance savings with certain campaigns and initiatives such as the development and launch of the Goal Saver Account.”

He explained that the savings product provided a risk-free savings plan that gave the account holder flexibility and higher interest than the bank’s traditional savings accounts returns.

The bank, however, has put some strategic restrictions on the account to encourage account holders to meet their goal.

These include no withdrawal in the first three months of the account, a maximum of two withdrawals in a year, a withdrawal limit of up to 20 per cent of the savings per each withdrawal and no access to an automatic teller machine card.

The Chief Executive Officer of uniBank, Mr Felix Nyarko-Pong, used the occasion to commend the Bank of Ghana and the government for the quick manner it put in place measures to conform with international standards that enabled Ghana to exit the blacklist of the Financial Action Task Force.

“The blacklisting of Ghana was impacting negatively on the banking industry and we are all happy that the country took bold steps and quick measures to exit the list,” Mr Nyarko-Pong stated.

He also announced that uniBank was ready to shore up its capital by the close of this month beyond the minimum GH¢60 million that the Bank of Ghana had asked banks to reach by December 31, this year.

Story: Samuel Doe Ablordeppey