| | SAVINGS PRODUCTS Zawadi Account - A special savings account for children below 18 years of age
- Parents and Guardians save small amounts of money over a prolonged period into this account which enables them to pay for school fees and other needs of their children
- The minimum opening balance is TZS 5,000
- The account holder can withdraw maximum of four times a year as long as the account will have a minimum balance in excess of TZS. 20,000
- It inculcates a savings culture for the childre
- It earns interest which is above that of normal savings account
“Biashara” Account - A non-cheque book current account for Micro, Small and Medium Enterprises (MSMEs).
- Minimum opening balance is TZS 20,000
- It inculcates a banking culture to the MSMEs
- Account holders are able to access loans through this account
Special Savings Account (SSA) - A tailor-made savings account for micro and small entrepreneurs.
- Opportunity for customers to choose among different savings profiles, i.e. TZS 1,000 –5,500
- Minimum opening balance is as little as TZS 1,000.
- No service charges
- Provides security for group based loans
- Instils a savings culture to the MSMEs
Savings Account - Minimum opening balance is TZS 10,000.
- Large amounts can be withdrawn with a notice of only one day.
- Earns interest at the end of the year
- Account holders can deposit and withdraw from any of the bank’s branches
Fixed Deposit Account - Minimum opening balance is TZS 100,000
- Minimum term is three months
- It earns higher interest as compared to the other accounts
- The account can be used as a loan collateral
- Account holders can deposit and withdraw from any of the bank’s branches
Current Account - Minimum opening balance is TZS 100,000
- Easy access to deposit and withdrawal facilities
- Easiness of using cheques rather than cash
- Account holders can deposit and withdraw from any of the bank’s branches
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