It is a saving account with a term deposit feature
The account is designed for individual Employees, Small and Medium Enterprises, Associations, Trade Unions, and etc.
Features & Benefits
The account is transacted through passbook.
Deposit period ranges from a minimum of one year to ten years.
The account yield high interest rate range between 5.5% to 7.5%.
The minimum initial deposit and monthly installment amount is to be Birr 1,000 for personal account customers and Birr 3,000 for business or organization account customers.
At the time of maturity the depositor can avail Term loan up to 60% of the total installment amount.
Investment solution account opening procedures and formalities of the Bank will be followed