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

 

Classic 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
  • 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
  • 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
  • You can break some of the deposit after one month of being fixed
  • 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
  • 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
  • Minimum opening balance TZS100 million
  • 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
Need more help?

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

Email us:

talktous@absa.co.tz