Classic Fixed Deposit
Target your saving goals with precision by deciding exactly how you save when you save. Explore our options and choose between a Classic Fixed Deposit, Regular Interest Fixed Deposit, Unfixed Term Deposit, or Upfront Fixed Deposit
- Competitive interest rate offer
- Available in TZS/ USD/ GBP and EUR
- Interest paid at maturity to your chosen transactional account
- Minimum tenor of 1 month up to 10 years
- Choose to reinvest at maturity, either principal or principal plus interest
- Minimum opening amount equivalent to TZS3 million
- Overdraft facility available up to 90% of the fixed deposit with a competitive rate
Regular Interest Fixed Deposit
- Interest paid at agreed regular intervals (e.g., monthly, quarterly, semi-annually, or annually)
- Choose to reinvest at maturity (principal amount only)
- Invest for a minimum of 12 months and a maximum of 60 months
- Competitive interest rate offer available
- Minimum opening balance TZS10 million
Unfixed Term Deposit
- Opportunity to break part of your deposit without penalty in case of emergencies
- You can break some of the deposit after one month of being fixed
- Maximum amount allowed to break is below 60% of the initial deposit
- Minimum amount that can be fixed is TZS50 million
- Invest for a minimum of 12 months and a maximum of 60 months
- Competitive interest rate offer available
- Interest paid upon maturity or when you decide to break part of the deposit
Upfront Fixed Deposit
- Interest paid to your chosen account on the investment day
- Choose to reinvest at maturity (principal amount only)
- Invest for a minimum of 6 months and a maximum of 12 months
- Competitive interest rate offer available
- Minimum opening balance TZS100 million
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