Fiesta Save Account

Service/Product Target

Personal customers who wish to save money with the desire to accumulate wealth or finance an important event such as a wedding or vacation.

Product Attributes/ Features

Minimum opening balance of MK20,000
Monthly deposits of at least MK10,000 through a cash deposit or a standing order
Interest rate at 6% above ordinary savings account

Benefits To The Customer/user

No service fees.
Allows a customer to build an investment over a period of time from a monthly income
Can be used as collateral/security
Relatively high interest rate

Costs To Access The Product

None

Account Opening Requirements

Terms and Conditions

Withdrawals on quarterly basis to be done over the counter and not through electronic platforms