Fixed Deposit Account

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Take uncertainty head-on with our Fixed Deposit Account

Life doesn’t always present us with what we prefer and as such uncertainties are all around. If you have something more that you can put away for the longer term, then our Fixed Deposit Account is just the right option within your reach. With a duration period of 3 to 24 months and an interest rate pegged to the amount you are saving and duration, we are sure this is how you would like to build a wall of protection around your future.

Specifically geared towards anyone 18 years old or over, you open the account with a balance of TZS 500,000 but no withdrawals are allowed until maturity otherwise you will forfeit your interest.

Do we charge you for operating the Fixed Deposit Account?

Absolutely not; we feel that your money in this account deserves its own peace of mind.

To help you make sense of our interest rates on this account, look at this chart:

Duration 

Amount & rate

 

0.5M – 5M

5.1M-20M

20.1M-50M

50M - 100M

Above 100M

3 months

4.35%

6.35%

7%

8%

Negotiable

6 months

4.65%

6.65%

7.60%

8.35%

9 months

4.75%

6.75%

7.65%

8.40%

12 months

5.50%

7.50%

8.60%

8.75%

24 months

5.65%

7.65%

8.75%

9.25%

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