Bank Rakyat has launched the Electronic Savings Account-i and Current Account-i, operating under the Tawarruq concept, aiming to incentivize customers to save while providing them with a chance to win cash prizes totaling RM407,000.
Datuk Mohammad Hanis Osman, the Chief Executive Officer of Bank Rakyat, highlighted that these new product variations within the current and savings account (CASA) product range have been tailored to meet current needs. The profit rates for these accounts will be declared to customers in advance.
Osman emphasized that these products serve as a platform for offering innovative Shariah-compliant savings solutions, encouraging active saving habits among communities to better manage their finances. Additionally, customers will stand a chance to win attractive prizes through the campaign.
Customers aged 18 and above with a Savings Account-i (Tawarruq) or Electronic Current Account-i (Tawarruq) can participate in the Open, Save, and Win Campaign, running from February 7 to June 30, 2024. To qualify, participants must maintain a minimum average monthly balance of RM1,000 for individuals and RM5,000 for non-individuals, with a total prize pool of RM250,000 up for grabs.
Throughout the campaign period, 30 monthly winners will each receive cash prizes worth RM1,000. Additionally, five individual and five non-individual winners for the main prize category will each receive cash prizes worth RM10,000.
In conjunction with this campaign, Bank Rakyat is also hosting the Let's Save Campaign from February 7 to March 31, 2024, specifically targeting Nuri Savings Account (Tawarruq) and Savings Account-i (Tawarruq) customers aged 18 and below. Participants with an average monthly balance as low as RM500 will have the chance to win a total prize pool of RM157,000.
The Let's Save Campaign offers a cash prize of RM5,000 for the first-place winner, RM3,000 for the second-place winner, and RM1,000 for the third-place winner. Additionally, 67 consolation winners will each receive RM100.
These campaigns underscore Bank Rakyat's commitment to promoting financial literacy and encouraging a culture of saving among individuals and communities, while also providing them with exciting opportunities to win cash rewards.
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