“Product Name” Saving Account  

Product category: Deposit account

Product type: Special saving

Purpose of the account

The purpose of this account is to encourage new young customers and to retain blatena account holders when graduated to major

     Features

1. 1. It is provided only for individuals or group of individuals  in  the ages of 18-29;

1. 1. It can be opened with zero balance given that there is a reasonable source of fund that can bring the balance to the minimum amount of Birr 1000(one Thousand Birr) within fifteen days;

1. 1. It provides higher interest rate than ordinary saving account(Normal interest plus 0.5% and may add 0.5% if the deposit amount is greater than birr 300,000.00);

1. 1. It shall be converted to normal/ordinary saving account when the account holder reaches the age of 30;

1. 1. It can be operated by cash withdrawal slip, debit card, mobile and internet banking;

1. 1. The account holder can withdraw any amount at any time but as per NBE directive; anA minimum amount of Birr 1000.00 has to be maintained to qualify for interest calculation.Total cost of debit card shall be covered by the Bank at the opening of Werazut saving account.

          Target group & eligible entities

1. 1. All individuals whose age is greater than or equal to 18 and less than 29 years old;

1. 1. Individual trade operators (sole proprietorship);

1. 1. Interdicted persons (through legal guardians); and

1. 1. Ahadu Staffs.

1. 1.  Benefit

To the bank: retain blatena account holders and attract potential new savers

To the customer: they will be eligible for higher education loan, loan for settlement of cost sharing, idea and project financing