Helping South Africans save
As the festive season gets into full swing, many consumers are tempted to spend all their hard earned bonus money and 13th cheques on luxury items and expensive Christmas presents.
Absa supports Government’s drive to create a national savings culture and in order to encourage South Africans to save their earnings for their future, Absa has launched a promotion that offers any customer who invests more than R25 000 in Absa’s Investment Advantage a chance to win R1 million in a lucky draw.
Investment Advantage is an investment product paying a market leading interest rate that allows customers to withdraw their savings at any time they see fit.
“This campaign began last weekend, and to qualify for the R1 million lucky draw, customers will need to make an investment on or before 31 December 2007 and keep their money in an Investment Advantage account until the end of January 2008.
“We hope that the opportunity to win the R1 million and to benefit from our current interest rate of 9.95%, which is linked to prime on this product, will encourage South Africans to save,” says Keith Mc Ivor, Head: Savings & Investments at Absa.
