Sterling Bank Plc has unveiled a new savings account product called ‘One-Woman Saver’ specifically designed for market women and traders. The account offers easy access to banking services with a competitive interest rate of six percent on savings. The initiative aims to promote financial inclusion, foster a savings culture among women, and ultimately improve their economic well-being.
Speaking at the product launch in Abeokuta, Ogun State, Evans Akinlolu, the South West Regional Business Executive of Sterling Bank, emphasized the importance of incorporating women into economic development initiatives. He expressed the bank’s belief in the transformative power of women, stating that supporting women translates to supporting the entire nation.
Akinlolu highlighted the unique features of the ‘One-Woman Saver’ account, such as the gradual savings approach and the attractive interest rate, which is one of the highest available. He also emphasized that the bank’s representatives would personally visit customers instead of requiring them to visit the bank.
Emezino Afiegbe, representing Women’s World Banking, praised Sterling Bank for its commitment to addressing women’s financial needs. He explained that Women’s World Banking chose to partner with Sterling Bank due to its demonstrated focus on women and its readiness to support their aspirations.
