Investment Solutions

Personal Savings Account

If you’re looking for a simple solution that gives you quick and easy access to your cash without the burden of high transaction fees, our Personal Savings Account is perfect for you. This account makes banking a pleasure with a number of value adding benefits. It also enables you to save for the future without restricting access to your money. 

Benefits:

  • Very attractive and competitive interest rates
  • Access via our CBA ATMs and over 120 Umoja ATMs in Tanzania
  • The account maximizes return on your funds
  • The account has unlimited cash withdrawals
  • Dedicated Account Relationship Manager
  • The account is available in Tanzania Shillings and in designated foreign currencies
  • Access to a wide range of CBA products
  • Credit facilities for individual account holders
  • Real-time access to your account in any of the CBA Service Delivery Centres at no extra charge
  • Access to credit card and loan facilities

Features:

  • Minimum opening balance of TZS 50,000/USD 50
  • Earn interest from TZS 300,000/USD 600
  • Withdrawal charges at counters TZS 1,000 or 0.25% if greater than TZS 20m/USD 1% or 0.5% if greater than USD 20,000
  • The account is available in both local and foreign currency
  • The account has minimal withdrawal charges at ATMs

Requirements:

  • Duly completed and signed application form
  • Original and certified ID or a valid passport and TIN number
  • Two recent passport-sized photographs of each applicant
  • A letter of introduction from your employer, one referee who is a CBA account holder and/or a bank reference