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First Capital Bank launches zero-cost savings account

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First Capital Bank has launched a zero-cost savings account called the Lefika Savings Account. The product which has been designed with personal customers’ needs in mind, aims to support their savings goals, whilst building and encouraging a culture of savings. The account offers customers the opportunity to save regularly in the medium term and access funds only in times of need.

Country Manager for Retail Lending, Thatayaone Matlapeng said the Lefika Savings Account is one of the many customer solutions in the pipeline from the bank to address existing customer needs in the market to offer them relevant solutions that are focused on their financial needs.

“The launch of Lefika Savings Account is a testament to our commitment to walk the journey with our customers as their trusted financial advisors. We aim to make banking convenient and simple for customers so that they can have peace of mind knowing that their future is secured. As First Capital Bank we are focused on our customers’ financial needs and we are introducing relevant products that help our customers to grow not only their businesses but their personal savings too,” he said.

On her part Head of Retail Liabilities, Lonyalo Seabe said Lefika Savings Account will allow customers to save at ease and get the most out of their savings with the added benefit of a free P5,000 funeral cover. “The Lefika Savings Account has been developed in response to the voice of the customer. It offers customers the opportunity to save at no cost. As we support our customers to achieve their ambitions, no fees will be levied for monthly maintenance as well as for both deposits and withdrawals on all Lefika savings accounts,” Seabe said.

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