THE country's newest bank has recorded an influx in applications for its Premium Saver Account as well as its Hassle Free Home Loan.
Since the bank opened its doors at its flagship branch in Suva early last month, demand has skyrocketed for BRED Bank's Premium Saver Account—believed to be the best savings account on offer in the country with the interest rate on savings account.
A press release issued by the bank described the demand as "enormous".
Customers who open the account before December 31 this year will not pay any service or transaction fee for the duration of the use of the account.
"This is an unbeatable deal," BRED Bank said. The Hassle Free Home Loan promotional offer is far too superior than any other bank home loan offer as it features 3.99 per cent fixed interest rate for one year or 4.99 per cent fixed rate for two years.
The customer pays no approval fee or service fee. The products are unmatched by its local rival banks as BRED Bank offers loyalty bonus and subsidised legal costs.
If the home loan is in access of $200,000, the customer gets a 32 inch LCD television screen free.
"BRED Bank is inundated with new customer requests to refinance existing home or investment property loans from other financiers," the bank said.