Classic Fixed Deposit

    Target your saving goals with precision by deciding exactly how you save when you save. Explore our options and choose between a Classic Fixed Deposit, Regular Interest Fixed Deposit, Unfixed Term Deposit, or Upfront Fixed Deposit

    Competitive interest rate offer

    Available in TZS/ USD/ GBP and EUR

    Interest paid at maturity to your chosen transactional account

    Minimum tenor of 1 month up to 10 years

    Choose to reinvest at maturity, either principal or principal plus interest

    Minimum opening amount equivalent to TZS3 million

    Overdraft facility available up to 90% of the fixed deposit with a competitive rate

    Open account now

    • Documents required to apply

      • Valid identity card (driving licence, national ID, passport or voter's ID)
      • Introduction letter from employer, from local government or from lawyer
      • Residential address letter from local government or utility bill receipt
      • Completed account opening application form

    Regular Interest Fixed Deposit

      Interest paid at agreed regular intervals (e.g., monthly, quarterly, semi-annually, or annually)

      Choose to reinvest at maturity (principal amount only)

      Invest for a minimum of 12 months and a maximum of 60 months

      Competitive interest rate offer available

      Minimum opening balance TZS10 million

      Open account now

      • Documents required to apply

        • Valid identity card (driving licence, national ID, passport or voter's ID)
        • Introduction letter from employer, from local government or from lawyer
        • Residential address letter from local government or utility bill receipt
        • Completed account opening application form

      Unfixed Term Deposit

        Opportunity to break part of your deposit without penalty in case of emergencies

        Choose to reinvest at maturity (principal amount only)

        Maximum amount allowed to break is below 60% of the initial deposit

        Minimum amount that can be fixed is TZS50 million

        Invest for a minimum of 12 months and a maximum of 60 months

        Competitive interest rate offer available

        Interest paid upon maturity or when you decide to break part of the deposit

        Open account now

        • Documents required to apply

          • Valid identity card (driving licence, national ID, passport or voter's ID)
          • Introduction letter from employer, from local government or from lawyer
          • Residential address letter from local government or utility bill receipt
          • Completed account opening application form

        Upfront Fixed Deposit

          Interest paid to your chosen account on the investment day

          Choose to reinvest at maturity (principal amount only)

          Invest for a minimum of 6 months and a maximum of 12 months

          Competitive interest rate offer available

          Invest for a minimum of 12 months and a maximum of 60 months

          Open account now

          • Documents required to apply

            • Valid identity card (driving licence, national ID, passport or voter's ID)
            • Introduction letter from employer, from local government or from lawyer
            • Residential address letter from local government or utility bill receipt
            • Completed account opening application form

          Open your account now




          Need more help?

          Call us:
          0800750078 (Toll free)
          +255 (0)746 882 000 (Network charges apply)

          Email us:

          talktous@absa.co.tz