BoA- Large lqqub Account

Description:  BoA – Iqqub Account is a saving account designed for an association of natural persons for temporarily or permanently, depending on the needs of the members. The account offers relatively higher interest rate than the ordinary savings account. The key benefits of the account are:

• Interest rates of 7.3% (<1M Birr) and 7.5% (>1M Birr).
• Standing instruction.
• On-site cash collection.
• Up to 2% overdraft discount for organizers.
• Free financial transaction facilitation.
• Branded giveaways.

Target Group

• Any Iqqub (traditional savings/rotating scheme group).

• Our monthly interest payment for savings accounts, maintained in birr or foreign currency, is based on the minimum deposit balance held throughout the month.

BoA- Medium lqqub Account

Description:  BoA – Iqqub Account is a saving account designed for an association of natural persons for temporarily or permanently, depending on the needs of the members. The key benefits of the account are:

• Interest rates of 7.3% (<100k Birr) and 7.5% (>100k Birr).
• standing instruction.

Target Group

• Any Iqqub (traditional savings/rotating scheme group).

• Our monthly interest payment for savings accounts, maintained in birr or foreign currency, is based on the minimum deposit balance held throughout the month.

BoA- Small lqqub Account

Description:  BoA – Iqqub Account is a saving account designed for an association of natural persons for temporarily or permanently, depending on the needs of the members. The key benefits of the account are:

• 0.3% higher interest than ordinary savings.
• Muday Abyssinia delivery to members (half cost covered).

Target Group

• Any Iqqub (traditional savings/rotating scheme group).

• Our monthly interest payment for savings accounts, maintained in birr or foreign currency, is based on the minimum deposit balance held throughout the month.

 Empowerment of Women starts here  

A present from us to women, come and open an Adey account with a higher interest rate. We offer discounts and ease of access to your accounts even when you are shopping in supermarkets.  

BoA understands the role women play in our lives. As such to simplify and facilitate your personal business, endeavors, and efforts, we have designated a special account for you. We offer you increased saving rates to show you our appreciation and valuation of your growth. Saving with Adey account will create empowerment and drive to succeed. 

Explore Product Benefits and Features 

• 0.5% higher interest.
• Free ATM debit card.
• 20% safe deposit box discount.
• 500 Birr childbirth gift (>25k Birr balance).
• 3% partnered merchant discount.
• 15k Birr ATM limit.
• Priority banking (>500k Birr) with special ID.

Target Group

• Women 18+
• women’s associations
• women-owned businesses
• BOA female staff

• Our monthly interest payment for savings accounts, maintained in birr or foreign currency, is based on the minimum deposit balance held throughout the month.

 Your future is our priority  

With Afla endless possibilities awaits you.  

The youth population constitutes the majority in our country. BoA believes this account to be an initiation and will encourage the culture of saving within the youth. By saving with the Afla account, you can concentrate on building your own success from an early age and plant your future years ahead.  

Explore Product Benefits and Features 

• 0.5% higher interest.
• Bank covers debit card cost (full for students, partial for others).
• Financing for innovative ideas; 0.5-1% lower loan interest.
• 1% partnered retail discount.
• Non- financial benefits/giveaways.
• priority banking (>500k Birr) with special ID.

Target Group

• Individuals 18-29
• sole proprietorships
• BOA staff

• Our monthly interest payment for savings accounts, maintained in birr or foreign currency, is based on the minimum deposit balance held throughout the month.

 Nothing but the best for your children  

When you save through this account, you are instilling the habit of saving into the minds of your children. Your saving teaches them the importance of it and the earlier you do it, the better they learn. 

Explore Product Benefits and Features 

• Zero-balance opening.
• 0.5% higher interest (1% for >100k Birr).
• 25 Birr incentive for new accounts.
• 25 annual scholarships (up to 25k Birr).
• 500 Birr early childhood incentive.
• Free standing instructions and monthly statements.
• Customized Muday (savings box).

Target Group

• Individuals under 18 (minors) via parents/guardians.

• Our monthly interest payment for savings accounts, maintained in birr or foreign currency, is based on the minimum deposit balance held throughout the month.

     We share your vision 

Start covering your future tuition expenses, now. BoA allows you to start thinking about your education and future today.  

BoA believes education to be a fundamental tool in achieving success and considers it to be the way out of poverty. The education saving account attests to that belief.

Explore Product Benefits and Features 

• 0.5% higher interest.
• Scholarship fund for annual draw (>1 year saving, >5k Birr balance).
• Scholarship as seed capital.
• Withdrawals allowed anytime (with a 12-month withdrawal restriction for scholarship eligibility).

Target Group

• Individuals 14-18
• any individual 18+
• minors via parents/guardians
• BOA staff

• Our monthly interest payment for savings accounts, maintained in birr or foreign currency, is based on the minimum deposit balance held throughout the month.

     Augment your future with BoA 

Saving allows you to achieve a secure future. Saving with BoA. BoA appreciates your effort to change and be the better version of yourself and it gives you the opportunity to make your efforts count by providing a savings account that starts with as little as ETB25.  

Explore Product Benefits and Features 

• It is an interest-bearing account which is compounded monthly;
• It can be opened individually, jointly, and by corporate entities;
• It can be opened with zero balance, however, the account should show at least amount Birr 25 within a month;
• It can be operated by cash withdrawal slip, debit card, mobile and internet banking; and
• A minimum amount of Birr 25 has to be maintained to qualify for interest calculation.

• Our monthly interest payment for savings accounts, maintained in birr or foreign currency, is based on the minimum deposit balance held throughout the month.

Special needs, special account 

This is an interest-bearing account operated by cheques, drawn up to a frequency of five withdrawals per month for eligibility of interest payment.  

Explore Product Benefits and Features 

• Earns prevailing minimum savings interest if withdrawals are limited to 5 per month.
• checkbook provided.

Target Group

• Anyone eligible to open a current account

• Our monthly interest payment for savings accounts, maintained in birr or foreign currency, is based on the minimum deposit balance held throughout the month.

As a motive for teenagers to start saving from an early age, teen youth saving account is for individuals between 14-18 who can generate their own income and minors via parents/guardians.  

Explore Product Benefits and Features 

• Higher interest rate.
• zero-balance opening (if reasonable source).

Target Group

• Individuals 14-18 (with own income)
• Minors via parents/guardians.

• Our monthly interest payment for savings accounts, maintained in birr or foreign currency, is based on the minimum deposit balance held throughout the month.

BoA offers you to be part of something bigger and better. It is your gateway to pursue not only your personal goals but also offer something of value to your society and community. With lucrative interest rates and a variety of benefits, this account is specially designed for our elder citizens 

It is an account that can be opened by individuals who attained the age of 50 years. Retired personnel of defense services or any other legal document of retirement would allow individuals to subscribe under the scheme irrespective of the age limits subject to the fulfillment of other specified conditions. For a joint account, the account holders should also be in the required age group and income category 

Explore Product Benefits and Features 

• 0.5% higher interest (1% for >500k Birr).
• 50% local money transfer discount.
• 15% ATM/safe deposit box discount.
• Priority counter with unique ID.
• No monthly maintenance fee.
• Free family card; pension payment.
• Financial advisory.
• Partnered business discounts.    

Target Group

• Individuals 50+
• Retired defense personnel/legal retirement documents

• Our monthly interest payment for savings accounts, maintained in birr or foreign currency, is based on the minimum deposit balance held throughout the month.

Savings account is an account that typically pays a modest interest rate.

Explore Product Benefits and Features 

• Individual joint, or corporate account.
• 7% annual interest.
• Zero-balance opening (with 25 Birr maintenance for interest).   

Target Group

• All natural and legal persons under Ethiopian law
• Minors via guardians.

• Our monthly interest payment for savings accounts, maintained in birr or foreign currency, is based on the minimum deposit balance held throughout the month.

A no-interest bearing savings account is an account that pays no interest.

Explore Product Benefits and Features 

• Operates without interest earnings.
• suitable for those requiring non-interest banking. 

Target Group

• All individuals.

• Our monthly interest payment for savings accounts, maintained in birr or foreign currency, is based on the minimum deposit balance held throughout the month.

Saving plus is a savings account with added benefits like higher interest rates for higher balances.

Explore Product Benefits and Features 

• Different interest rates based on deposit amount (up to 7.2% or 8.5%).

Target Group

• Individuals (joint or separate) eligible to open an account

• Our monthly interest payment for savings accounts, maintained in birr or foreign currency, is based on the minimum deposit balance held throughout the month.

Asrat Bekurat is a saving account in which the depositor sets aside a portion of his/her monthly salary or any other income for a church or any other religious activity.

Explore Product Benefits and Features 

• Free account operations.
• monthly statements via multiple channels.
• On-site cash collection.
• Customized large Muday box.

Target Group

• Any natural or legal person 18+.

• Our monthly interest payment for savings accounts, maintained in birr or foreign currency, is based on the minimum deposit balance held throughout the month.