MoneyMaster Delights G-Kala Savings Account Holders with 8% Interest Rate

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Exciting news for MoneyMaster PSB’s G-Kala savings account holders as the bank officially declares an 8% annual interest rate on their accounts. This innovative plan, introduced by MoneyMaster PSB, a subsidiary of the digital services company Globacom, aims to encourage savings among its current clients and advance financial inclusion for those without access to traditional banking services.

Both new and existing G-Kala savings account owners will enjoy an 8 percent interest rate per annum for all deposits made into their G-Kala savings account.” said MoneyMaster PSB in a statement in Lagos on Thursday.

G-Kala, a specially crafted product aimed at providing essential banking services to underserved customers, caters to individuals who may not have easy access to traditional banks or who prefer the flexibility of banking on their own terms. With G-Kala, users can seamlessly manage various banking operations, including deposits, withdrawals, fund transfers to other banks, airtime purchases, and bill payments for services such as electricity, water, and DSTV, all directly from their mobile phones, without the need for an internet connection.

Furthermore, G-Kala boasts the advantage of being a real-time banking solution, offering both convenience and security. It operates swiftly, ensuring that transactions occur promptly and securely, making it a superior, faster, and more cost-effective alternative to traditional money transfer services. Users can now conduct their banking activities with ease and confidence, regardless of their location or the time of day.

Customers, according to the statement, “must ensure not more than a maximum of three withdrawals is carried out in a month to enjoy the 8% interest. The interest amount will be calculated and credited monthly”.

MoneyMaster’s strategic objective with this plan also includes raising awareness and promoting the adoption of cashless banking among potential customers. The bank urges individuals interested in embracing this modern banking approach to visit its website at for a hassle-free and user-friendly account opening process. Alternatively, they can simply dial *995# on any mobile phone to initiate a delightful banking journey.

“This is an exciting opportunity for all to open a G-Kala account with MoneyMaster PSB, deposit money on the wallet and enjoy 8 percent interest rate per annum,” the statement concluded,

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