Hirwa is a savings account that is flexible enough and accessible to all people to save any amount of money any time of the month...

Aim of the product:

 To make saving easy, accessible and beneficial to every Rwandan.

 To be able to collect more stable deposits from the population

 The product targets especially the small income people, but who can still save part of their earnings

Account specifications:

Account opening

 An existing client of BPR only needs to fill a HIRWA account opening form
 A new client of BPR first opens a current account, then fills the HIRWA account opening form

Account features:

 No minimum account opening amount required;
 No account maintenance fees;
 Free deposits on the account, any amount, any time;
 Maturity is 12 months, renewable;
 Withdrawals are not encouraged on this account. If client withdraws before six months, he/she looses all interests. If the client withdraws form the account after six months, he/she gets 50% of the accrued interests.
 The account starts earning interests when the accumulated savings reach at least 20,000Frw
 The more you save, the higher your rate of interest;
 Interests are calculated on a daily basis and capitalized after 12 months.

Amount (FRW) and Interest rate:

20,000 - 50,000 — 2%

50,001 - 100,000 — 2.25%

100,001 - 250,000 — 2.5%

250,001 - 500,000 — 2.75%

500,001 - 1, 000,000 — 3%

1, 000,001 – 2,500,000 — 3.25%

2, 500,001 – 5,000,000 — 3.5%

5, 000,001 – 10,000,000 — 4%

10, 000,001 – 15,000,000 — 4.5%

15, 000,001 – 20,000,000 — 5%

20, 000,001 – 25,000,000 — 5.5%

25, 000,001 – 30,000,000 — 6%

30, 000,001 – 35,000,000 — 6.5%

More than 35, 000,001 — 7%

All savings on the account can be:

o Registered in the client’s current account booklet—separate from current account transactions

o Client can buy another booklet (own will)

o Client without booklet is given an account statement when he/she needs it.

Closing the account

 Maturity of the account is 12 months, renewable. Client has to write to the bank 15 days before maturity asking it to close the account and thereby deposit the accumulated savings plus interests to the client’s current account.
 If the client does not write to the bank, the account is automatically renewed at maturity for more 12 months.

The Hirwa Savings Account, Contact your nearest branch, Open yours today and invest in a better future for yourself and the nation.

"Savings for National Growth"