ACCESS BANK INTRODUCES “TAKE THE LEAD” PROMO
This is a prize or lottery-linked savings programme where with a minimum balance of N50,000 in Access advantage account for a minimum period of 60 days, customers can qualify to win five brand new cars every month.
These products offer savers protection against principal loss and liquidity, but instead of paying interest proportional to savings balances, they essentially "raffle off" the interest pot each period. Savers give up a large chance of a small return for a small chance of a large, life-changing return. These so-called prize-linked products have been extraordinarily effective in generating savings over many centuries. How to Win: Open an access advantage account, Increase your balance by N50,000 and maintain for 60days to qualify, Multiples of N50,000 qualifies you for multiple entries, All new and existing customers are welcome. The Promo runs from June 1 – December 31, 2010.
On Online Vehicle Leasing, Access bank introduces the first ever online vehicle lease in Nigeria. In just 72 hours you could own your dream car if you follow three easy steps; decide on a car of your choice, obtain an invoice from the dealer and apply online. Successful applicants are expected to receive an approval mail and offer letter within two hours of application. It should, also, be noted that a lease is not an outright purchase. It is an arrangement where a leasee (customer) pays a leasor (Access Bank) an installment (lease rental) for the use of an asset (a vehicle). The asset title still belongs to the bank and in the event of non payment by the customers; the vehicle legally reverts to the bank. The bank, as owner, is legally required to register the vehicle and insure same except in the case of finance lease