Consumer deposit products include both saving and checking accounts opened and operated by individuals mainly for saving purpose and to facilitate transactions of non-business activities.
Consumer Banking is the level of banking services available to all Zemen Bank clients. Upon opening an account, all new customers receive a debit card and are provided with immediate access to our high-tech Omni-Channel Banking services including ATMs, Internet Banking, Call Center Banking, and SMS Banking.
Zemen Bank’s Basic Consumer Saving account category offers customers to setup and maintain accounts with funds as low as 5000 ETB. Customers opening this account are offered basic banking service including online, ATM and SMS banking. Customers in this category earn interest of at least 7% on their daily minimum balance and compounded Monthly.
Zemen Bank’s Personal Saving account category offers customers to setup and maintain accounts with funds as low as 5000 ETB. Customers opening this account are offered basic banking service including online, ATM and SMS banking. Customers in this category earn interest of at least 7% on their daily minimum balance and compounded Monthly.
Customers who maintain a minimum monthly balance of Birr 100,000 are eligible to open Prestige Saving Account, however the minimum balance to open the account is as low as 5,000 ETB. Customers opening this account will entertain a better interest rate of 7.25% which will be calculated on their minimum daily balance and compounded monthly. When the volume of client activity demands, the bank may assign a Personal Banker to handle all your transactions and banking needs in private, backed by our information technology system and fully informed of your personal banking needs.
Special Z-Club customers are entitled to enjoy several Preferential and priority service privileges in every Branch using their special ID. Special Z-Club customers are privileged for specially designed debit cards with increased cash withdrawal daily limit.
The accounts holders will receive most of the Bank’s services free of charge. They are also entitled for consumer loans; subject to approval.
The account is tiered into Z-Club Basic, Gold and Platinum account categories to encourage account holders to build their deposit to higher category and more attractive interest rate. The more customers save, the more they will be beneficiary with the most attractive interest rate calculated on minimum daily balance and compounded monthly.
The floor amount required to open Basic account shall be greater than Birr 500,000.00, for Gold Category Birr 2,000,000 and Birr 5,000,000 for Platinum account category. However, each account can be opened with birr 5,000 (birr five thousand) initial deposit and build up to the required level.
Almost all of Z-club Special Saving Accounts gives the privilege to keep the money under saving account and effect payments from its package checking account, which would be opened without additional deposit requirement
This product is a saving account designed for executives or senior managers of different private, government and Non-Governmental organization.
Unique customer ID will be issued to allow priority treatment at the counter. Specially branded ATM debit card shall also be issued that allows higher daily cash withdrawal limit of up to Birr 20,000.00 for ATM transactions depending on the account type.
It is an account combining the features of both saving and current accounts operated by cheque. The account bears attractive interest rate calculated daily and compounded monthly. The more you save, the more you earn higher interest rate tiered into Executive Basic, Gold and Platinum account categories.
The floor amount required to open Basic account shall be greater than Birr 100,000.00, for Special Account Birr 300,000.00, for Gold Account, Birr 500,000.00 and for Platinum Executive Account Birr 1,000,000.00. However, each account can be opened with birr 10,000.00 (birr ten thousand) initial deposit and build up to the required level.
Other employees of the organization will be entitled up to 50% revolving salary advance facility at lower interest rate than the ordinary. All employees will have access to special consumer loan offers at attractive interest rates.
It is an interest bearing account that pays attractive interest rate above the regular saving rate calculated daily and compounded monthly. The account is tiered into Z-Club Children Basic; Special and Exclusive Minor accounts to encourage the account holders to build their deposit to higher category and earn more attractive interest rate.
The floor amount required to open Basic account shall be greater than Birr 1,000.00, for Special Account Birr 50,000.00 and for Exclusive Minor Account Birr 200,000. However, each account can be opened with birr 1,000 (birr one thousand) initial deposit and build up to the required level.
The youth account is tiered into Basic, Special and Exclusive Youth accounts.
The floor amount required to open Basic account shall be greater than Birr 1,000.00, for Special account Birr 100,000.00 and for Exclusive Youth account Birr 200,000. However, Special and Exclusive Youth accounts can be opened with birr 1,000 (birr one thousand) initial deposit and build up to the required level.
We offer a unique daily interest calculation on our savings accounts with free access to state of the art technology aided products to cater to your convenience.
