Give your child the perfect start by teaching them the value of saving early on. Our dedicated savings account is for children between the ages of 0 and 17 years. 

Key benefits

  • The higher the balance, the higher the crediting interest
  • Bonus interest if not more than 1 withdrawal per quarter
  • No monthly fees
  • Free counter cash withdrawal
Requirements
  • Operating balance of TZS20,000
  • Opening balance of TZS100,000
  • Interest balance of TZS500,000

  • ATM withdrawal fees

    TZS100,000 (minimum) is TZS1,400
    TZS100,001 - TZS200,000: TZS1,600
    TZS200,001 - TZS400,000: TZS1,800
    TZS400,001 - TZS600,000: TZS2,300

  • Documents required to apply

    For the child
    • Original birth certificate or adoption papers if child is adopted
       
    For the guardian
    •  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