With this thoughtfully created account, parents can meet financial constraints such as rising costs of education and other basic necessities through a savings plan that helps them invest wisely at very competitive rates of interest.
Features & Benefits
- Monthly saving: Invest / deposit a fixed, small amount* every month in the name of your child *(Minimum balance – TSH 10,000)
- Specific term: Make deposits for a period of 3 / 5 / 7 years in both TSH and USD and earn interest of 5%, 6%, 7% and 2%, 3%, 4% respectively
- End-of-term benefits: Healthy accumulated sum with interest
- Gifts: These deposit units can be gifted to relatives of the child
- Age criteria: 18 years and under