Saving Deposit

Regular Saving Account

It is an interest-bearing account generally opened with a minimum Birr 50. However, it can also be opened with a zero balance with the intention to establish a relationship and introduce banking services to potential unbanked customers. The account holder should credit at least a minimum of Birr 25 to her/his account within a month.

The following are the basic features and advantages of the account.

Additional Features:

• One can withdraw from her/his account by filing a withdrawal slip,
• Can be operated by a passbook and/or an ATM-Card,
• It can be opened and/or operated by a legal agent in the name of the principal, against a power of attorney,
• No restrictions on the number and amount of deposit and withdrawal unless restricted by pertinent bodies.
• It can be linked to Coopay-Ebirr to manage the accounts via mobile and internet banking

Benefits

• It improves saving culture of the society,
• It enables earn income through interest,
• It helps the depositor to make fund transfers,
• Enables payment through ATM/POS cards, internet, mobile, etc.,
• It provides immediate cash as and when required.