Fixed (time) Deposit Account

  • It is an interest bearing account with agreed maturity date.
  • The minimum maturity period is three months.
  • It is opened with an initial deposit of US Dollar 5,000 or its equivalent in any of the above stated currencies.
  • Interest on such accounts shall be payable only if the account is maintained at least for the minimum period of three months.
  • Interest income on such accounts is tax-free.
  • The Bank will give a certificate for its customer when the money is transferred following the opening of the account.
  • Banks are allowed to set their own interest rate on non-residence fixed foreign currency account upon negotiation but not less than LIBOR
Eligibility Criteria

The following are eligible to use the Diaspora Account:

  • Non-resident Ethiopian;
  • Non-resident foreign nationals of Ethiopian origin;
  • Companies owned by the above mentioned nonresidents and located outside the Ethiopian territory for more than one year;
  • Ethiopian nationals living and working abroad or in due process of living abroad for work for more than one year and who can produce authenticated documents.

Open a Bank Account Online Today

Need more help?

8980
251 115-57-12-54
251 115-57-13-24
Call us, we’re available daily 9AM to 11PM

Already a customer?

You can find branches near you here or contact us for information here

Try Our App

A full features banking mobile app for bussiness & personal use.

Jul 23, 2024 EXCHANGE Rate
Currency Buying Selling
USD
57.4671 58.6164
GBP
70.9941 72.4140
EUR
62.5644 63.8157
AED
14.1591 14.4423
SAR
13.8651 14.1424
CHF
61.8239 63.0604

Exchange Rate
Close