Rayyan Savings Account

• Product category: Deposit account 
• Purpose of the account

The purpose of this account is to provide a privilege for high level officers or managers of companies to use check for their expenditure

• Features

                     Special Savings Accounts will be governed by the opening and operating procedures outlined for Current Accounts. But the following exceptions will be applied;

1. Special Savings Accounts are interest-bearing accounts operated by checks, allowed five monthly withdrawals to be legible for interest payment;
2. To open this account, customers are required to complete an application form
3. The initial minimum deposit for opening of Special Savings Accounts shall be Birr 5000.00 (Five thousand) while the minimum balance for interest accrual is Birr 5000.00 (five thousand Birr
4. Interest shall be forfeited for a particular calendar month If a customer commits more than five withdrawals in a month; and
5. It is expected of the Bank, however, to notify customers about the conditions prior to opening the account.

• Eligible Entities

1. Anyone eligible for current account opening is also eligible for special saving account opening.

• Required Documents

1. All valid ID’s and TIN certificate
   • Benefits

                              To Ahadu: to attract new potential customers and enhance financial inclusion

                                To the customer: the account holder will be eligible for consumer and mortgage loan