Thursday 26 February 2009

MEB Term Deposit - Loyalty Bonus

A small term deposit with Members Equity Bank is close to maturity date and MEB has sent a notification letter. They are offering a loyalty bonus if the term deposit is renewed.
If the term deposit is renewed for the same period (3 months) the bonus will be 0.50% on top of the current interest rate.
If the deposit is renewed for a different period (6, 9, 12 months) the bonus will be 0.75% on top of the current interest rate.
This is very good considering their interest rates are already higher than other banks'. It is also a nice feature to offer and experience since I have not had similar cases before. Thumbs up.

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