The Hibir Golden Blocked Savings Account is tailored to meet the growing demand for rewarding savings options. It offers you the benefit of higher interest earnings while encouraging disciplined saving through a blocked arrangement agreed upon by the Customer and the branch.
Account Features and Benefits
- The agreed-upon amount of money will be blocked until the agreement period ends.
- Interest will be occurred on daily basis.
- Interest rate ranges from 7.40% up to 9.10% per annum.
- It is possible to deposit or withdraw amounts exceeding the agreed block amount at any time.
- The interest for the Hibir Golden Savings Account is calculated daily based on the minimum balance maintained in the account. The accrued interest is compounded monthly and, upon the customer's request, can be credited to the account and can be withdrawn.
Eligibility Criteria
- Both natural and legal persons having pertinent documents and capable of concluding contract are eligible to open HGBS.
- The minimum acceptable deposit balance is Birr: 50,000.
- All natural persons opening HGBS will be required to present valid and acceptable ID cards.
- Similarly, organizations will be required to present Trade Licenses, TIN, Memorandum and Articles of Association.
