ECOBANK Nigeria has
unveiled a “Target Savings
Promo”, giving customers the
opportunity to win double
their savings in the bank
within a specified period.
The promo tagged, Double
Your Target Savings Promo is
intended for customers who
want to build up savings with
the Bank to meet their future
financial goals or execute
specific desired projects.
The Target Savings Promo is
designed to reward both new
and existing customers of the
Bank within the six months
period the promo is expected
to run from August through
January 31, 2018.
Announcing the launch of
the promo in Lagos, Head,
Consumer Banking Ayotunde
Kuponiyi, said the promo is
in line with the Bank’s policy
of rewarding customers who
participate by making steady
monthly contributions into
their Target Savings Account.
According to him “the Target
Savings product was designed
to incentivize and reward new
and existing customers who
intend to build up savings to
meet future financial goals
or execute specific desired
projects.” He explained
that the target project
could be saving for school
fees, holidays, pilgrimage,
weddings, purchasing
personal assets, among others.
He reiterated that apart from
its very competitive interest
rate, the product offers the much needed opportunity
for customers to achieve their
Mr. Kuponiyi advised
the banking public to take
advantage of the promo to
open accounts with Ecobank
to enjoy the enormous benefits
the promo and other services
that the pan African bank offers.
He also enjoined the existing
customers to increase their
savings to qualify and win in
any of the numerous draws.
On the dynamics of the promo
and draws, he said customers
are expected to save a fixed
amount of money from N10,
000 monthly to qualify for
entries into monthly draws
starting this August, where
30 winners will emerge every
month. According to him the
customer is expected to have
retained funds in the Target
Saving Account for a minimum
of 1 month to qualify for the
draw. He added that a total of
60 winners will emerge at the
grand draw slated for January
In his words “to qualify for
the grand draw, customers
must have made deposits for
at least 3 consecutive months.
There will be 60 winners in
total, with each of the winners
having their total qualifying
contributions during the promo
period doubled” He further
pointed out that participating
customers could increase their
chances of winning by referring
other individuals to save with
the Bank. “To be eligible for
referrals,’ customers need a
minimum of 3 referrals for an
additional entry to win at the
grand draw; 6 referrals will give
2 additional entries and so forth.
These referrals must also be for
the Target Savings Account,
where the referred individuals
are making steady monthly

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