Elimu Account

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Student life is now less stressful with Elimu Account

We at Akiba Commercial Bank know well the pressure university and college students often find themselves in during their semesters and we don’t believe money worries should be added to this list. To make things that bit easier and help students get a grip while at university or college we have created the Elimu Account for those moments best left in the back of the mind.

Any higher institution student aged 18 or above qualifies for this account, and all we ask is that you deposit TZS 1,000 as your opening balance, and that you maintain TZS 5,000 as your operating balance. With no limits to how much and how often you can deposit or withdraw money, Elimu Account comes with a TZS 50,000 interest-bearing balance and we will pay 3.5% as interest rate every year. For ease of access to your money you will receive your own Umoja Switch ATM card.

Are there any charges?

Yes, but we’ve kept them very minimal. You will only be charged TZS 5,500 for your ATM card and when withdrawing money over the counter our fee is a mere TZS 1,100, and TZS 1,000 when you choose to use an ATM.

So, what does all this add up to for you? Well:

  • Savings for your own future
  • No account maintenance fees
  • Reasonable and low over the counter transaction fees, only TZS 1,100
  • Free transfers within our bank’s network
  • Safety and security of your money
  • A competitive and attractive annual interest rate of 3.5%

For further information please visit an ACB branch near you or call 2118340-43