The account has a normal saving account feature.

Targeted Beneficiaries

 The account is designed for full time higher education students to create the convenience in money transfers as well as a mechanism for further education.

Features & Benefits

 The account is operated via passbook and ATM card will be issued free of subscription fee.

 The account bears normal interest rate.

 The Bank will provide bonus to the student for local money transfers made out of any account found in AIB to student account.

 The accounts will enables to pursue a post graduate education by availing loan facility to illegible student.

 The account holder can relocate the account to any other branches of AIB as a normal saving account with special postgraduate loan facility in order to create the convenience of using his/ her prior account.

Requirement

• Student solution account opening procedures and formalities of the Bank will be followed.

 

It is a saving account with time deposit features.

Targeted Beneficiaries:

• The account is opened by parents/ guardians for a specific benefit of the children under 18 years of age to deposit money for their future career

Features & Benefits:

• It is operated with pass book only
• If the customer saves for more than a year the system will calculate   incremental interest rate based on the life cycle of the account (account maintained for 8 years, 14 years, and 18 years)
• The Bank will provide attractive account opening gift deposit for accounts opened at early childhood age (from birth to age eight)
• The Bank will provide tangible incentive at key stages in the lifecycle of child’s account which directly benefits the child
• The parent/guardian can provide money through children’s account for the child’s birthday or any other ceremonials. Then, the bank will prepare a special gift certificate

Requirement:

• Smart Children’s account opening procedures and formalities of the Bank will be followed

 

We are Determined to simplify your way of doing business!

In Ethiopia, a woman carries several responsibilities on her shoulders. While she provides love and protection for her family, she also endeavors to strengthen the economy of her household and serves as a true pillar of family’s economic integration, and look after the finances. On the other hand, Women have their own long term goals.

Access to financial services is key to development, growth and the economic wellbeing of women. Keeping these everyday financial needs of women in mind, Awash Bank offers “Lucy Women Special Saving Account”.

Objectives

With its gender-smart banking solutions, Awash Bank aims at offering the accountholders at least the following value propositions

• Offering product /solution that are catering to women at all levels of the economic pyramid.
• To encourage women to manage their money better while enjoying certain benefits that are linked to this account.
• To reduce barriers to financial services by providing inclusive range of banking products and financial services to the women populations.
• Creating values for existing and potential women clients by enabling them to invest in economic opportunities and address anticipated household needs.

Feature of the Lucy Women Special Saving Account

• This Special Savings Account is designed specifically to take care of and address the banking and savings needs of the Women Clients to play an essential part of every women’s life, regardless of their financial position.

Benefits of the Lucy Women Special Savings Account Product

Lucy Women Special Saving Account offers women various rewards and benefits;  

• Client can use ATM, POS, Internet, Mobile, branch, etc. to withdraw cash, purchases at merchant outlets, transfer money, balance enquiry, etc.

• The minimum initial saving deposit amount shall be similar to ordinary saving account.

• This innovative financial solutions, backed by expert financial and non-financial advice, will provide the women customers with a truly rewarding banking experience.
• Bank provides financial literacy on how to use bank services such as ATMs, debit cards, Internet banking, mobile banking, and how to interpret their bank statements, etc

• Mothers who are Lucy Women Special Saving Account holders can open Smart Children Account and give the Bank standing order to transfer specified amount of money periodically from her account to the Smart Children Account free of charges.

Eligible Customers

As part of its women account initiatives, Awash Bank provides high interest yielding saving product along with various benefits.

• Women in the age group of 18 years and above, singly or jointly.
• Various micro associations (edir, equb, etc.) whose major part (more than 50%) is owned, run and operated by women.
• Incapacitated Women (through legal tutors)
• Salaried and self-employed women, including those in the informal economy.
• Self Employed Women Professionals like Doctors, Entrepreneurs etc.
• Women with independent source of regular income like rentals etc.

Mode of Operation of the Women Special Saving Account

• The customers can operate their accounts using;

• With or without Passbook at a branch – Passbook which is specifically designed for holders of women saving account
• Digital channels
  • Internet Banking
  • Mobile Banking
  • ATM
  • POS for purchase of items at the Bank’s merchants
  • Agent banking at the Bank’s agent sites

Documents Required

• Two latest passport size photographs.
• Valid Address and identity proof documents