interest bearing current account that facilitates the fund transfer process from current account to this special interest bearing account.
ቡና የገንዘብ ገበያ ተንቀሳቃሽ ሒሳብ
BIB’s NEW SERVICES
Bunna International Bank S.C. is committed to innovativeness and high quality. In line with this, the Bank continues offering a wide range of new innovative deposit products/services. The new services would help depositors to put their savings over a period of time to meet future plans and for contingencies. They are designed for, among others, salaried individuals, Business Community, Companies, Non-profit making Institutions, Government organizations and professionals.
Bunna Money Market (BMM) Account
This is an interest bearing current account that facilitates the fund transfer process from current account to this special interest bearing account.
It is a combination of savings and current accounts, with limited cheque writing ability, but earning a higher rate of interest. Any amount in excess of minimum balance is transferred to this account, and, the account is operated by cheque.
Individuals especially ‘high value current account customers’, either jointly or individually, that are eligible to open current accounts are eligible to open this account.
The minimum balance to be opened and maintained in BMM accounts is Birr 50,000.00/250,000.
Any amount in excess of the current account will be transferred to BMM Account.
This account has both manual (with min. 50,000 Birr) and Auto Sweep (with min. 250,000 Birr) features.
Withdrawal from this account will be made whenever the current account gets insufficient to satisfy the fund requirement of the customer.
The Bank pays interest rate that range from 1.00% and higher depending on the amount of deposit;
The account holder can use the deposit balance as a cash guarantee for a third party loan;
Depositors are eligible for loan facilities;
Statement of BMM account transactions will be issued on monthly bases free of charge;
The account holder enjoys free of charge services.