Other Saving Accounts

“Tibeb” Saving Account Service

Education Saving Account Service enables customers to cover future educational expenses of their children or their own from primary cycle of education to tertiary or post graduate levels.

Club Saving Account Service

Club Saving Account Service gives an opportunity of higher interest rates to those customers who need to save money ahead of time for particular purposes, such as birthdays, weddings, holidays, etc. or for the purpose of vacations, and to make trips.

“Muday” Saving Account Service

This service enables customers to accumulate and save money in a designed box (Muday) at their home, and deposit it on timely basis in their respective saving accounts at branches of Abay Bank.

“Senay” Saving Account

This is a premium interest bearing saving account designed to raise funds from money deposited by those interested individuals, governmental and non-governmental organizations that have an interest to support charity organizations from the interest earned on their money deposited in the bank for specific purpose.

An interest bearing saving account opened at any of Abay bank branches on which an interest calculated and accrued on amount deposited in the account will be transferred to a designed charity organization and ultimately used for charitable purposes.

Senior Citizens’ Saving Account Service

Ethiopian senior citizens at the age of 50 and more can open this account and save money for their future security. The account gives a privilege of higher interest rates.

“Tesfa” Saving Account

“Tesfa” Saving Account is intended to serve the needs of refugees living inside or outside of refugee camps. The purpose of this account is to serve refugees by facilitating remittance through international money transfer organizations or using the bank’s swift address. The account is also intended to serve those refugees who have established their own small business.

“Gojjo” Saving Account

“Gojjo” Saving Account is a distinct deposit or saving account designed for legally married spouses (husband and wife) whether they have children or not, cohabited spouses who are living together as husband and wife, affianced/betrothed couples who have a future plan to marry or living together as cohabited spouse. The account will enable them to save and earn additional source of revenue in the form of interest from their deposit kept in their saving account. It will also enable them to enjoy a preferential premium interest rate on the amount of money deposited in the account.

“Iqqub” Saving Account

Iqqub is Ethiopian’s age-old tradition widely known as a social-based, indigenous saving and credit scheme with a distinct purpose of helping one another through a rotating mechanism whereby members of a given Iqqub association save an equal amount of money at a given time (such as monthly or weekly) and provide the sum of the saving to one lucky person amongst them based on lottery drawing.

For further information visit the nearby Abay Bank Branches.

“Iddir” Saving Account

Iddir Saving Account shall be open and operated by the authorized person signatories which can present with valid and renewed ID card.

    • a)         A minimum deposit amount of Birr 20,000.00 (Twenty Thousand Birr)
    • b)                     A preferential premium interest rate of default saving interest rate plus 1 % will be computed on the amount of deposit kept in the Iddir account.
    • c)         The deposit balance in the Iddir Saving Account falls below Birr 20,000 the customer will lose or forfeit the 1 % additional interest privilege.
    • d)         The bank shall sponsor Iddirs that engaged in charity activities when it maintains the minimum deposit amount of Birr 200,000.00 (Two Hundred Thousand Birr) requirement for more than one year period or based on their overall deposit performance.
    • e)         Iddir Saving Account shall be open and operated by the authorized person signatories which can present with valid and renewed ID card.