The product is to encourage individuals to start putting money aside for future purposes. The “Amuga Savings” which can be classified as an investment product allows individuals to enjoy a staggering 18% interest rate on the total amount saved over a year(12 months) and above.
The Bank whose headoffice is located at Adidome have additional four(4) branches of which one is situated at the Regional Capital HO, Battor, Juapong and Mafi-Kumase respectively.
Being in existence since 1980, the bank is poised to transform individuals through their quick loans and help reduce street children by helping the needy but deserving students to further their education and help serve the country and affect lives in their various homes.
The Amuga Savings after its lunching, have create an awareness that Rural Banks are not to be taken for granted and are capable of doing what Commercial Banks in the country does.
In a discussion with the Head of Finance, Mr Cyril Serious Ladzagla, he expressed his grief of how the commercial banks treats Rural Bank clients when there is money transfer issues. He lamented that most of the commercial banks don’t understand why people still save with Rural Banks. They try to sabotage the Rural Banks. So with this step, they want to bridge the gap and stay competitive on all front.
He explain that the 18% interest on “Amuga Savings” is a huge amount of money any investor will dream of comparing it with the current Treasury bill rate which stands at 12.9%.
He then said both new and old customers are welcome to be part of this and would be educated on this product if the need arise. Merry Christmas in advance to all the workers and cherished customers as he concluded.
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