Saving Accounts

Saving deposit accounts are interest bearing accounts rendered for physical and legal persons (Individuals, organizations and associations etc.

Underlying Features of the Product

  • The minimum balance to open a savings account is birr 50.00. Savings account, however, may be opened and maintained with zero balance for one month.
  • Savings account opened and maintained with zero balance will be closed unless the minimum amount of birr 50.00 is deposited within the specified period.
  • Can be opened and/or operated by a legal agent in the name of principal, against producing a power of attorney.
  • No maximum balance limits.
  • Individuals, organizations, financial institutions, associations, clubs, etc can open and use this account.
  • Can be operated jointly (AND or AND/OR)