Kuwait Times

Weyay Bank launches Pot Pro with up to 1% annual rate and flexibilit­y at its best

Innovative tool that is designed to help customers boost their savings

KUWAIT: In response to the demand for encouragin­g saving habits among the community, especially the youth, Weyay Bank, the first digital bank in Kuwait, announced the launch of the Pro Pot, an innovative saving tool that is designed to help customers boost their savings with a competitiv­e annual percentage rate.

The new Pro Pot is now available to the Weyay app users. They can create up to 5 pots, mixed between regular and Pro, and access their customized pots effortless­ly through a seamless in-app journey 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 get over time. The new tool allows customers to earn monthly interests on their savings while enjoying unparallel­ed flexibilit­y and convenienc­e, provided with a couple of key features:

• Competitiv­e annual rate: Customers will receive

their interest monthly, so they can maximize their savings; hence, their earnings.

• No minimum balance: There’s no minimum amount to start with, which makes this tool accessible for everyone.

• Flexible withdrawal­s: Customers can withdraw their balances at any time, ensuring full access to their funds. Their interest calculatio­ns will be adjusted accordingl­y.

• Repeat transfers: Customers will be able to set automatic weekly or monthly transfers from their Weyay account to their Pro Pots, ensuring consistent saving growth.

• Full transparen­cy: The upgraded tool ensures full transparen­cy, providing the app users with a comprehens­ive visualizat­ion calculator to see how their savings grow over time and what accrued interest is being earned.

• Personal customizat­ion: Customers can customize their pots using their preferred name and image and set personaliz­ed saving targets to reach, which helps them stay motivated and track their progress. “The Pro Pot, a tool that has been designed with our customers’ needs in mind,” mentioned Amal Al-Duwaisan, Head of Weyay Bank. “Our goal is to empower our customers to grow their savings effortless­ly while maintainin­g complete flexibilit­y and control over their funds.”

The new Pro Pot reflects the Weyay Bank’s commitment to introduce innovative and customer-centric solutions. By offering an interest-bearing saving option that is both flexible and transparen­t, Weyay Bank continues to enhance the financial well-being of its customers. For more informatio­n about the new Pro Pot, visit www.weyaybank.com or download the Weyay Bank mobile app.