Advans Banque Congo review

The account pays a headline rate of 7% on a variable basis, and savings balances are paid on a monthly basis. The median headline rate across the site is 3%, so this sits above the middle of the table.

The rate is variable, so it can move as market conditions change rather than staying locked for a term. The account kind is easy access, so the money stays withdrawable rather than sitting in a fixed product, and interest is paid on a monthly basis.

Savings accounts are paid on a monthly basis, so the interest lands in the account each month. The account is an easy-access one with a variable rate of 7%, so the monthly amount can move as the rate changes.

The account sits with Advans Banque Congo, which is based in Democratic Republic of the Congo and has traded since 2008. The account is aimed at the business audience, so the holder is a company rather than a personal saver.

Advans Banque Congo builds its accounts around the business audience, so a company paying in and out of a single account is the core user. Households after a wallet or a card product would look elsewhere, and the savings side is the easy access kind rather than a term deposit.

The 7% headline compares with 24.19% at Plazo ES, 21.59% at AXI Card and 3.3% at PayPal Colombia. On the site's headline rate table it sits at 56 of 473 brands, and the savings table averages 3.08%.

Support runs on email and phone only, so phone and email are the channels for questions about the account, payments and balances. For a branch-led service, that suits businesses that prefer to call their bank rather than rely on other channels.