Saving Solutions

 
 
 
 
 

Saving Solutions

 
 
 
Saving is essential to building your long-term wealth, and it is important to save early in life and often. Regardless of your age, you should save a percentage every time you receive money, whether it’s a paycheck or a monetary gift. The everyday decisions you make about money can have a lifelong impact. Saving allows you the freedom and flexibility to fulfill your goals and helps you develop good personal finance habits.
 
 
 
 
 
 

Regular Saving

 
 
As the name suggests, a regular savings account requires you to commit to putting aside a small amount of money each month.via passbook at any branch of Nisir at 8 % interest rate and deposits and withdrawals can be made at any time.

 
 
 
 
 

Time Deposit

 
 
Depository institution (such as a bank, credit union, or a finance or insurance company) account that pays higher than savings account interest rates but imposes conditions on the amount, frequency, and/or period of withdrawals. A certificate of deposit (CD) is normally issued only for time deposits. Also called fixed deposit. 12% interest rate for the deposit amount of birr 100,000 and above.
 
 
 
 
 

Saving box

 
 
at 8% interest rate and deposit counted every 2 weeks.