Savings account – Save and Earn interest up to 3.5%
Progressive savings for your holiday dream. No Charges to the account, Earn Interest up to 6%
• Account holder should deposit at least once per month from its salaries of other income sources.
• Minimum for opening Account is Tsh. 50,000/= or USD 100.
• Minimum interest bearing balance is Tsh. 50,000/= or USD 100.
• Cash withdraw from the account will accepted only on holiday assigned by the applicant on the form No transaction fee.
• No transaction made through ATM.
• Interest rates shall be 1%.
• In case default shall be paid without interest.
• No ledger/maintenance fee
• No limit amount to deposit
• Free monthly statement
• Attractive interest rate
• Encourage savings culture
• The account can be operated in Tanzania shillings and USD
How to apply
• An account holder shall fill the Holiday Account form and consent clause.
• Submit two photos (passport size).
• Submit an introduction Letter from the employer or Ward Executive Officer to attach on the form.
• Hand initial deposit of Tsh. 50,000/= or USD 100 or more to the teller.
• The Account shall be closed when the date of maturity reached.