Money saved, is like money earned

Open a Savings Account with us!

  • Benefits
  • Features
  • Eligibility
  • Documentation
  • Interest Rates & Charges
  • Terms & Conditions
  • No charges for ATM Cards
  • No charges for ATM Cards
  • No Charges for Internet Banking
  • Free SMS alert facility
  • No minimum Balance Charges
  • No charges for foreign currency withdraw up to 1000/- USD
  • Mobile banking facility available
  • No charges for monthly statements

An interest of 2.5% is given to Tshs. Savings account and 0.25% for USD savings account.

  • The minimum opening balance for this account is Tshs. 20,000/- , USD 50/- , GBP 50 or EUR 50 for each savings account.
  • 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
  • Saving Bank Shule Account will carry interest of 5% p.a. i.e. applicable for Savings Bank deposit.
  • SDR will be kept for 9 months and carry interest rate of 5% p.a. Interest will be added to SDR every nine months and renewed for further 9 months automatically.
  • No charges

Minimum and Maximum Amount

Minimum amount: TZS 20,000
Maximum amount: No limit
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