In order to boost the savings culture amongst Malawians, one of the country's leading commercial banks, National Bank of Malawi (NB) has introduced a promotion where people stand to win several prizes.
According to Social Marketing Executive for the bank Eneles Mlongoti, the promotion is meant for National Bank FiestaSave account holders and will run between August 2017 to 31st March 2018.
She said apart from cultivating and nurturing the savings culture amongst Malawians, the promotion gives NB customers a platform to build liquidity for future needs.
"The promotion is a vehicle for those with regular incomes to get into a savings mode including those planning for a big day in the near future. The promotion is also meant for parents and guardians who would like to save money for their children's education.
"The promotion will take the shape of a raffle competition where draws will be done for all who qualify as per the terms and requirements. The grandprize is a four-day fully paid for holiday for two to Sun City in South Africa with USD500 shopping bonus. The grand prize will go to two lucky customers," said Mlongoti.
According to Mlongoti, apart from the grandprize, the bank will also offer holiday packages to five lucky winners for local destinations within Malawi. She said the holiday packages will be awarded to lucky customers between November, 2017 to March, 2018 on a monthly basis.
The bank will also distribute Hi-Tech electronic gadgets such as smartphones and tablets to lucky customers between November and March next year.
"To qualify for the promotion, customers are required to have a FiestaSave account with the Bank, mantain an opening balance of K20,000.00 and steady monthly deposit of K20,000.00 without withdrawals for the entire promotion period," Mlongoti said.
Fiestasave was launched in 2013 as a vehicle for cultivating and nurturing a saving culture amongst Malawians.