Individual/Business Accounts
Fixed Time Deposit Accounts
- It is opened for a particular fixed period (time) by depositing particular amount of money
- The period of fixed deposit is greater than or equal to 3 months
- Under normal circumstance withdrawal is not allowed prior to the maturity date. However, if customer requests any withdrawal before the maturity date, the withdrawn amount shall be entitled to the prevailing saving interest rate and any remaining amount shall be entitled to the fixed deposit interest rate
- If the customer requests for a principal and interest rollover, it can be rolled over to  the next agreed period
- Minimum initial deposit is Birr 500,000.00 or USD 5,000.00 or its equivalent in EURO or Pound Sterling, and
- Branches shall fix interest as per the differentiated interest rate table provided by the bank based on the amount of deposit to be maintained
Eligible entities
- All natural and legal persons recognized by Ethiopian laws; and
- Minors through parents or guardians; and interdicted persons through legal guardians.