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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.

Editor's Comment
Micro-procurement maze demands urgent reform

Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...

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