Dalex SWIFT is allowing customers to determine what interest rates they want to earn on their investments from October 5, 2020.
Dalex SWIFT is a leading fully digital investment product that provides clients with a credible, convenient, and competitive path to a better life with over 134,000 registered users. Since its inception, SWIFT has given clients a compound interest rate of 15% per annum.
From Monday, customers can increase their investment balance to enjoy much higher rates. Clients with an investment balance of between ¢3,000 and ¢7,000 will enjoy a rate of 16% per annum compounded.
Customers with an investment balance of more than ¢7,000 will enjoy an even higher rate of 17% per annum compounded.
All existing customers whose investment deposits already fall within these categories will be automatically upgraded to the new rates.
Joe Jackson, Director of Business Operations for Dalex Finance stressed the importance of digitizing the financial sector in Ghana as he launched the new rates for Dalex SWIFT.
He added that “the COVID-19 pandemic should serve as a wake-up call to all and must force us to drive innovation”.