Smart Saver Account
A savings product for minors under the age of eighteen. The product is designed to instill the discipline of saving in children while also helping guardians/parents save towards turning their children's dreams a reality. This product is available in Tanzanian Shillings and United States Dollars only. Customers enjoy two withdrawals annually while still keeping interest on savings.
Account Overview
A savings product for minors under the age of eighteen. The product is designed to instill the discipline of saving in children while also helping guardians/parents save towards turning their children's dreams a reality. This product is available in Tanzanian Shillings and United States Dollars only. Customers enjoy two withdrawals annually while still keeping interest on savings.
Account Benefits
Discover the advantages of banking with Smart Saver Account:
Consideration of competitive rates on fixed deposits
Building a savings culture within children
Two withdrawals per year while still keeping the interest
Interest rates
TZS 5% pa
USD 1% pa
Free internal transfers
Account Features
Access a comprehensive suite of banking services and tools:
Currency - Tanzania Shillings & United States Dollars (TZS & USD)
Opening amount - TZS 50,000 / USD 250
Minimum balance - TZS 50,000 / USD 250
Monthly ledger fees - nil
Charges & Fees
Transaction charges vary based on amount bands. All charges are subject to applicable taxes.
Ledger fees - nil
TZS Withdrawals (Over the counter) - free
Foreign currency cash deposits above 10,000 at 0.5%
USD withdrawals -:
Withdrawals up to USD 10,000 - free
Withdrawals from USD 10,001 - 0.5%
Cash handling denominations less than USD 50 - 5%
*All fees are subject to an 18% value added tax
*Exchange rates are subject to change depending on market availability
Documents & Forms
Download the necessary documents to apply for this account:
