It is a saving account with a term deposit feature
Targeted Beneficiaries
- 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.
Requirement
- Investment solution account opening procedures and formalities of the Bank will be followed
