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PanCaribbeanBank launches new savings plan
2012-10-03 14:09:18 | (0 Comments)
PanCaribbeanBank has launched what it described as a new alternative plan to traditional savings called PriorityMe.
Launched on October 1, the product is a bundle of two premium interest bearing accounts that offers the flexibility of cheque writing with no monthly service charge, the Bank said in a release.
The PriorityMe plan links an interest-bearing money market account to a savings account, both of which offer preferential rates of interest that are calculated daily and charge no monthly service fee, the release said.
“The plan is ideal for salaried workers who want to start or restart a steady savings habit,” it added.
"There is no better account to receive your salary in – you earn interest all along the way,” according to Sabrina Cooper, vice president, relationship banking at PanCaribbeanBank.
She explained that “PriorityMe takes the pain out of saving by automatically transferring monthly, an amount of the customers choosing, from the money market account to the savings account, allowing our customers to save for their goals in a consistent and disciplined manner."
PanCaribbeanBank is a subsidiary of Pan Caribbean Financial Services Limited, a member of the Sagicor Group which owns 86 per cent of PanCaribbean. Plans were recently unveiled to re-brand PanCaribbean entities to bear the name of its parent company Sagicor.
Source: The Gleaner/Power 106 News
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