CDH Investment Bank has revised upwards interest rates for its prime investors’ account from six percent to 7.5 percent.
The prime investors account is an account that allows customers committed to saving money to invest for future projects or unforeseen cash flow needs.
Besides the ‘attractive’ interest rate, the account has no ledger fees allowing customers savings to grow.
In a statement, CDH Investment Bank Marketing Manager Nancy Bisika said the move is aimed at exciting the bank’s clients with better returns on their savings.
“We appreciate the support that we have received over the years and felt it was important to give back to customers by increasing the interest rate of return of our investment accounts.”
“Our prime investors account offers flexibility to customers as it is accessible through digital platforms such as internet banking, ATMs and additionally comes with a special savers checkbook to help customers track their expenses and allow the owners or third parties such as SMEs and individuals to cash out from CDH Investment Bank counters without the presence of account signatories” she said.
She said enhanced features for the prime investors account will provide more convenience to clients. In a world with high cost of living, high taxes, high everything, who doesn’t want a bank account that will grow their money without bank charges”.
CDH Investment Bank opened for business on April 2, 2012, following the successful conversion from Continental Discount House Limited, which had operated in the financial sector for 14 years since August 1998.