No need to risk your capital to boost up your savings! Savings UP is the ideal savings mechanism for those seeking higher remuneration than a conventional account and at no risks. Your capital remains readily available to you any time you need it.

Benefits

  • Attractive remuneration at 0.40%* per annum, with the possibility of enjoying a loyalty bonus boosting the interest rate up to 0.44 %* per annum.
  • Interests, calculated daily, will accrue monthly.
  • A savings account that could reward you with bonus interest each semester
  • This savings remains readily available whenever you want to make a withdrawal.

Thumbs up! Your commitment brings rewards.

With Savings UP, BCP Bank (Mauritius) rewards your loyalty and commitment twice a year :

  • 6 % bonus is calculated on total accrued interests over the first 6 months from account opening date ;
  • 12 % bonus are calculated on total accrued interests over the last 6 months from account opening date ;

Bonuses are credited on the last day of the calendar period set for bonus calculation (after monthly interest payment).
*To be noted that Interests and bonuses are added to the capital, increasing the capital and thereby generating further increases in interests. Starting with a nominal 0.40% p.a, ensuing 2 bonuses paid up every 6 months can take the interest rate up to 0.44%.

 

Good to know:

  • Savings account is solely in MUR.
  • Unlimited and free deposits are acceptable.
  • Savings remains available at all times.
  • Withdrawals are authorised and these bear no penalty fee (at branches exclusively).
  • Carry out local and international transfers.
  • Account statements are sent every six months free of charge, by post, to the residential address.

Features

Eligibility

All physical persons of legal age and not holding an existing Savings UP account

Minimum Opening Amount

MUR 5,000

Minimum balance to earn interest

MUR 50,000

Deposits

Free and unlimited

Threshold

Unlimited

Interest Payment

Monthly

Availability

Total and immediate (at branches)

Term

Unlimited

Here you go!

  • Application checklist**

    Ready to apply? Here’s what you need to get started:

    • Valid identity document (national identity card, passport, etc.) ;
    • Proof of residential address showing name of applicant(s), dated less than 3 months;
    • Proof of income (latest salary slip, employment certificate from current employer, latest income tax return).

    **This list is not exhaustive.

     

     

Fixed Term Deposit

Home Ownership Savings Plan

Savings Account