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Saving Account / Saving Deposit

It is a regular saving account which allows customers to deposit money, keep it safe, and withdraw funds, all the while earning interest.

Product Features
  • Safe and bears impressive interest Rate compounded every month on the minimum balance of the month
  • Passbook may or may not be issued depending on the customer’s interest
  • No Minimum initial deposit
  • Limitless deposit and withdrawal
  • Free, convenient and limitless intra-bank transfer of funds (only local)+
  • 25 birr Initial Deposit with no minimum and maximum deposit limit
  • Can be withdrawn with Cash, ATM, POS, Account to Account transfer, Debit Card, Standing instruction and internet and mobile transaction
Eligibility Requirements

For Retail

  • Has to be of legal age [ > = 18 years]
  • Present valid and renewed ID card and two recent photographs (3×4)
  • Initial Deposit

For Artificial Persons [Partnership, Assn., Ço-ops., PLCs, Share Companies, etc.]

  • Renewed trade license, commercial registration and certificate of registration
  • Tin registration certificate
  • Authenticated Memorandum and Article of association, Partnership Agreement
  • The minutes of the board of directors held to discuss the opening and operation of the account (For Share companies)
  • A letter of request to open the account and operate
  • Valid and renewed ID card
  • Initial deposit