Weyay Bank, the first digital bank in Kuwait, has introduced an innovative saving tool ‘Pro Pot’ on its app for customers to boost their savings.
The new Pro Pot enables Weyay app users to create up to 5 pots, mixed between regular and Pro. The users can seamlessly access their customized pots through app and start topping them up with the ease of a tap. The more money they keep in their Pro Pots, and the longer it stays there, the more interest they earn over time.
With this new tool, customers can earn monthly interests on their savings while enjoying unmatched flexibility and convenience.
Pro Pot offers a couple of key features;
Competitive annual rate: Customers will get their interest monthly. This enables them to maximize their savings; hence, their earnings.
No minimum balance: There’s no minimum balance requirement, making it more accessible for everyone to start.
Flexible withdrawals: Pro pot ensures full access to customers’ funds by allowing them to withdraw their balances at any time. Their interest calculations will be adjusted accordingly.
Repeat transfers: Customers can set automatic weekly or monthly transfers from their Weyay account to their Pro Pots.
Full transparency: The upgraded tool provides the app users with a comprehensive visualization calculator that shows how their savings increase over time and what accrued interest is being earned, ensuring full transparency.
Personal customization: Customers can customize their pots with a name and an image they prefer, and set personalized saving goals to reach. This helps them stay motivated and track their progress.
Amal Al-Duwaisan, Head of Weyay Bank, stated that, “The Pro Pot, a tool that has been designed with our customers’ needs in mind. Our goal is to empower our customers to grow their savings effortlessly while maintaining complete flexibility and control over their funds.”
This initiative encourages saving habits among the youths, also highlighting the Weyay Bank’s commitment to introducing innovative and customer-centric solutions. Weyay Bank continues to improve the financial well-being of its customers by providing an interest-bearing saving option that is both flexible and transparent.
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