Money saved, is like money earned
Choose from the many savings accounts we offer
No Frills Savings Account
These are Savings deposits accounts which have zero charge for Minimum balance, dormant account, Inactive account and folio account.
This account established to enhance customer base and to improve the ratio of low cost deposits. The target groups for this account are customers having personal loan account whose recovery is linked to the salary Savings Accounts.
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Benefits
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Features
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Eligibility
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Documentation
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Interest Rates & Charges
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Terms & Conditions
- No Folio Charges
- No charges for ATM Cards
- No Charges for Internet Banking
- No minimum Balance Charges
- No charges for foreign currency withdraw up to 1000/- USD
- No charges for monthly statements
- No cash handling charges
- Zero balance facility-The account will remain alive in case of zero balance
- Money withdrawal by slips and cheques
- Can be opened in USD and T-Shillings
- No minimum balance to be maintained or Limit for maximum amount
- Rate of Interest on Minimum balance 10th to last day of the month @ 2.50% on Tshs and 0.25% for USD deposits
- Tanzanian above 18 years of age.
- Foreign Individual working in Tanzania with valid documents.
- Account opening form to be filled +specimen card
- Two (2) passport size photos.
- Introducer known to Bank (account holder in our branch)
- Password original for verification
- work permit copy
- Residence permit copy
- letter from employer
- On letter head+rubber stamp
- Name of employee
- Work and residence permit numbers
- Passport number/national ID if he is a residence
- Physical Address proof
- Rate of Interest on Minimum balance 10th to last day of the month @ 2.50% on Tshs and 0.25% for USD deposits
Minimum and Maximum Amount
| Savings | |
| Minimum amount: | No limit |
| Maximum amount: | No limit |
