• Classic Fixed Deposit

    • Competitive interest rate offer available
    • Product available in TZS/ USD/ GBP and EUR
    • Interest paid at maturity to customer's chosen transactional account
    • Minimum tenor of 1 month up to 10 years
    • You can choose to reinvest at maturity, either principal or principal plus interest
    • Minimum opening amount equivalent to TZS3 million.
    • Overdraft facility up to 90% of the fixed deposit with competitive rate

  • Regular Interest Fixed Deposit

    • Interest paid is paid to your chosen account at agreed regular interval e.g. monthly, quarterly, semi-annual or annually.
    • You can choose to reinvest at maturity (principal amount only)
    • You can choose to invest for a minimum of 12 months and maximum of 60 months (5 years)
    • Competitive interest rate offer available
    • Available in Tanzania shillings
    • Minimum opening balance TZS10 million

  • Unfixed Term Deposit

     
    • Opportunity to break part of your deposit should the emergency or need arise without any penalty
    • You can break some of deposit after one month of being fixed
    • Maximum amount that you are allowed to break is below 60% of the initial deposit
    • Minimum amount that can be fixed is TZS50 million 
    • You can choose to invest for a minimum of 12 month and maximum of 60 months
    • Competitive interest rate offer available
    • Interest paid upon maturity/when a you decide to break  part of the deposit
    • Available in Tanzania shillings

  • Upfront Fixed Deposit

    • Product available in Tanzania shillings only
    • Interest paid to your chosen account on investment day
    • You can choose to reinvest at maturity only principal amount
    • You can choose to invest for a minimum of 6 months and maximum of 12 months
    • Competitive interest rate offer available
    • Minimum opening balance TZS100 million

  • Documents required

    What to bring to the branch when you apply
    • Valid identity card (driving license, national ID, passport or voter's ID)
    • Introduction letter either from employer or from local government
    • Residential address letter from local government or utility bill receipt
    • Completed Fixed Deposit Account opening form
Need more help?

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

Email us:

talktous@absa.co.tz