ZEMEN BANK ANNOUNCES NEW PRODUCTS
On April 2015, Zemen Bank announced a short term promotional program to offer new account openers an option for collecting their annual interests upfront.
Customers opening new accounts during this promotional period, lasting from April to June 2015, will have a unique opportunity to collect their savings annual interest upfront after oppening the account. Zemen Bank offers three types of individual savings accounts namely Personal, Prestige and Z-Club that can be setup by a minimum mothly deposit of Birr 25,000, 100,000 and 500,000 respectively.
Customers opening a Personal account with a minimum monthly deposit of Birr 25,000 will be awarded Birr 1,306 upfront being their annual interest. In addition, customers are provided with all the other conventional banking sevice related to the account like Cheque, ATM, Internet and phone banking services. Customers in this category are also able to trade their award for a discounted two person dinner treat at a five-star Hotel.
An upfron interest payment of Birr 5320 is given to new customers opening a Presitge account with a monthly minimum deposit of 100K. the interest calculation on this account is 5.6% annualy and other complementary banking services like Internet, phone and ATM banking are provided free of charge. Customers opening this type of accounts are also able take their awards in the form of a weekend getaway package at Kuriftu Resort and Spa.
Z-Club is the highest level of Banking service available. New customers opening a Z-Club account are expected to maintain a minimum monthly deposit of Birr 500K on their account. The annual upfront interest payment for the Z-Club account is Birr 28,500 paid in cash but can also be availed as an Emirates holiday Package that is worth Birr 32,000. The package will be offered in various forms and customers will be provided with a gift voucher upon account opening.
Terms and Conditions are Applicable. Bank reserves the right to end promotional period earlier.