MyBucks customers urged to embrace saving culture

Customers with current accounts must deposit K50,000 into their accounts and keep it as a minimum account balance for one month.

Ali (centre) - saving is significant in all areas of life.

Malawi: MyBucks Banking Corporation has encouraged its customers to adopt a saving culture in order to improve their financial situation.

Speaking on Friday in Lilongwe during the third draw of MyBucks' promotion dubbed 'Sizoni Yanga Promotion,' MyBucks Head of Microfinance; Zeyn Ali said that by saving, MyBucks customers would increase their wealth and thus improve their financial situation.

"Saving is significant in all aspects of life; if people want to invest and create wealth, it all begins with saving; this is why we are encouraging our customers to embrace a saving culture as this will help them create more wealth and improve their financial status," Ali said.

He also stated that their promotion, Sizoni Yanga Promotion, which began on June 21, 2022, and will end on November 21, 2022, aims to promote a saving culture among MyBucks customers.

"The primary goal of the promotion is to instil a saving culture in our customers; we need every customer to be invested in the saving culture," he explained.

As a result, he urged all MyBucks customers to participate in the promotion in order to save money.

To qualify for the promotion, MyBucks customers with savings accounts must deposit K50,000 into their accounts and keep it as a minimum account balance for one month.

Customers with current accounts must deposit K50,000 into their accounts and keep it as a minimum account balance for one month.

Those with fixed deposit accounts must deposit K100,000 into their accounts and keep it as a minimum account balance for one month.

Customers who participate in the promotion have a chance to win one of the following prizes: A five-day trip to the Seychelles; a four-plate gas cooker; a 15m x 30m plot; MyBucks Branded T-Shirts; and shopping vouchers

Lucky MyBucks customers received either MyBucks Branded T-Shirts or K20,000 shopping vouchers in the third draw of the promotion.