Term Deposit allows customers to deposit theirs savings for a fixed period of time and receive very attractive interest rates. The maturity is flexible depending on your requirements. Interests are calculated daily and can be credited to another reference account either on a monthly basis or at the end of the maturity. Automatic renewals are possible.

Features and Benefits


  • 1. Early interest payment upon deposit (Receive entire interest upon deposit)
  • 2. Flexible interest payment (monthly or at the end of the maturity)
  • 3. Earn an attractive interest rate (Earn upto 14%)
  • 4. FREE Life Insurance cover worth TZS 2 million
  • 5. FREE Permanent Disability cover worth TZS 2 million and
  • 6. FREE Education cover worth TZS 600,000 per child (covers upto 4 children)
  • 7. No account opening or closure fees
  • 8. Get a loan by using your Fixed/Term Deposit as collateral