Multiple Savings Products
Basic savings, fixed deposits, recurring deposits, goal-based savings, children's accounts, and pension savings with flexible terms and competitive interest rates.
Financial Services
Savings & Deposits
Flexible savings and deposit products with competitive interest rates, automated calculations, and member-focused features designed for Ethiopian financial institutions.
Regular Savings Accounts
Fixed Deposits (Time Deposits)
Recurring Deposits
Share Capital Accounts
Children & Student Accounts
Pension & Retirement Savings
Savings Management
Mobilize Savings, Build Trust
Offer diverse savings products from basic accounts to fixed deposits and share capital management. Automate interest calculations, support mobile deposits, track mandatory and voluntary savings, and provide real-time balance access to members. Built for cooperative governance with share capital tracking and dividend distribution.
Automated Interest Calculation
Daily, monthly, quarterly, or annual interest posting with configurable rates, minimum balance requirements, and automatic capitalization.
Share Capital Management
Track member share purchases, enforce minimum share requirements, manage share transfers, and automate dividend distribution based on shares held.
Mobile Deposits
Accept deposits via mobile money, bank transfers, and agent banking with instant credit and SMS confirmations to members.
Withdrawal Controls
Configurable withdrawal limits, notice periods for large withdrawals, penalty-free exit after maturity, and early withdrawal penalties.
Goal-Based Savings
Members can create savings goals for weddings, education, house construction, or business startup with progress tracking and automated transfers.
Mandatory & Voluntary Savings
Support both compulsory savings requirements and voluntary deposits with separate accounting and distinct interest rates.
Passbook & Statements
Digital and printed passbooks, monthly statements, SMS balance alerts, and online account access for member transparency.
Savings Alerts
Automated SMS notifications for deposits, withdrawals, interest posting, low balance warnings, and maturity reminders.
Savings Products
Every Savings Product Your Members Want
Regular Savings Accounts
Flexible deposit and withdrawal accounts with competitive interest, no minimum balance requirements, and instant access to funds.
Fixed Deposits (Time Deposits)
Higher interest rates for locked-in savings with terms from 3 months to 5 years, automatic rollover options, and early withdrawal penalties.
Recurring Deposits
Systematic savings plans with regular monthly deposits, attractive interest rates, and maturity benefits for disciplined savers.
Share Capital Accounts
Cooperative membership shares, mandatory share purchases, share transfer management, and annual dividend distribution based on profitability.
Children & Student Accounts
Youth savings programs with parental oversight, no fees, educational incentives, and automatic upgrades when reaching adulthood.
Pension & Retirement Savings
Long-term savings plans with tax benefits, employer contribution matching, restricted withdrawals, and retirement planning tools.
Why SelamNow Savings
Built for Member Trust & Growth
Instant Account Opening
Open new savings accounts in minutes with digital KYC, photo capture, and immediate account activation.
Security & Compliance
NBE-compliant interest calculations, deposit insurance tracking, anti-money laundering controls, and complete audit trails.
Real-Time Reporting
Live dashboards showing total deposits, average balances, interest accrued, product performance, and member growth trends.
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Next step
Ready to Mobilize More Savings?
See how SelamNow helps institutions grow deposits and build member loyalty.