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Personal > Savings and investments > Pure Save
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PureSave (Wo Ba Nti)
This is a savings account with a free life cover aimed at encouraging a savings culture through attractive tiered interest rates. The higher the savings balance the better the rate.
Features
With the AutoBank card-based savings account you earn more interest as your balance grows. In addition, the savings account offers you the following:
- A minimum balance of GH¢ 50 is required
- No service fee is charged. However a monthly service fee of GH¢3 is charged if the minimum balance is breached
- Withdrawals or transactions are capped at two free per month within the branch. (Cap does not apply to ATM transactions)
- A flat service charge of 50Gp is charged for each transaction in excesses of the two free allowed.
- Account holders enjoy tiered interest rates
- Life benefit is tiered and it is based on account balance (Maximum benefit GH¢ 500) :
| Account balance |
Life benefit |
| Less than GH¢ 20 |
NIL |
| GH¢ 21 to GH¢ 50 |
1 x Account balance |
| GH¢ 51 to GH¢ 100 |
2 x Account balance |
| GH¢ 100 + |
3 x Account balance |
How to apply for a Pure Save account
- Present two passport sized pictures
- A National ID (Voter's ID Card, National Health Insurance Card, a Passport or a driver's license
- Utility Bill
- Initial Deposit of GH¢ 50.00
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