The United Mortgage Bank Limited yesterday launched a customer-loyalty reward scheme that is also aimed at promoting savings culture.
Specifically, the bank unveiled the Bubble Switch savings promo, Terra savings promo and the Joy savings account.

Speaking to journalists in Lagos, the Managing Director/Chief Executive Officer, United Mortgage Bank, Mr. Walter Akpani said the promo is targeted at both existing and prospective customers.

Akpani explained that the overall strategy of the mortgage bank had been to deploy integrated financial products and services to meet the needs of its customers, most especially in the area of mortgage banking, which had been hitherto ignored. In order to achieve such feat, he pledged that the firm would continue to develop and sustain passion for excellence in customer service by doing ordinary things exceptionally and professionally.

“With the three new products, we are offering, we are not just encouraging the savings culture, we are giving hope to our customers that through a savings culture, benefits awaits them. To stand a chance of winning in the Bubble Switch Savings promo, existing and new account holders are expected to open an account with a minimum balance of N50, 000 and maintain a minimum balance account of N300,000 for six months to win a gift voucher worth $100 (N20,000). This promo includes four per cent interest rate per annum payable quarterly.

“For Terra Savings promo, customers will open an account with a minimum balance of N100, 000, save up to N500, 000 for one year and qualify for a raffle draw to win a plot of land in Lagos mainland. While customers who save up to N1 million for a year will qualify for a raffle draw to win a lot of land in Lekki. This promo also includes a four per cent interest rate per annum payable quarterly.

“In addition, he said the Joy Savings Account can be opened with as low as N5,000 and it attracts an instant gift of a recharge card. Account holders can also win gifts like generators and tricycles in a draw,” he added.

The United Mortgage Bank commenced operations in January 2006, with a vision to be a top player in the mortgage banking and financial services sector in Africa, as well the aspiration to be a full-fledged financial services provider in the medium to long term.