Earn higher interest on your fixed deposits and you can invest in either local or foreign currency

• Available in both local and foreign currencies
• Choice of account currency (TZS, GBP, EUR and USD)
• A fixed rate of return over an agreed period of 7 days to 1 year calculated flat on the principal
• Minimal cost on breakage of the deposit before maturity
  
• A dedicated relationship manager assigned to your account

What you need to know 

• Minimum deposit amounts apply
• To open a fixed deposit account for your business, you must have a business current account with us 
• When you apply for your fixed deposit account, you can instruct us on how to manage the principal and interest in the account upon maturity of the deposit or provide instructions when you receive your renewal notice
• You may ask us to roll over the deposit plus interest at current rates, to roll over the deposit only and credit the interest to your current or call account, or to credit the principal plus interest to your current or call account
• While you are guaranteed a fixed interest on the principal, you will be charged a breakage fee, should you break your deposit prior to maturity
• You may use the balance in your fixed deposit account as a security for our secured business loan or secured overdraft facility