A savings account specifically designed to enable parents and/or guardians to conveniently save for their children, especially for school fees, medical treatments, etc.
Features
Multi-currency: TZS|USD|EURO|GBP
Initial opening balance TZS 20,000|FOREX50
Minimum operating balance TZS. 10,000|FOREX 50
No monthly fees
Earns interest on Deposit
Interest Bearing Amount is TZS 100,000|FOREX 100
No joint account or more than one account for the same child
Cash withdrawal four times per year.
Benefits
No monthly Fees
Affordable minimum opening balance
Attractive interest rate
Linked to non-linked Debit Card
Requirements
The account is for children below 18 years
Child’s birth certificate
Parent/Guardian Legal ID (NIDA ID/Voter’s ID/Driver’s License/Passport/Zanzibar National ID).
VEO/WEO Letter (if using IDs apart from National ID).
