Time Deposits Account

Take uncertainty head-on with our Fixed Deposit Account

Life doesn’t always present us with what we prefer and as such uncertainties are all around. If you have something more that you can put away for the longer term, then our Fixed Deposit Account is just the right option within your reach. With a duration period of 3 to 24 months and an interest rate pegged to the amount you are saving and duration, we are sure this is how you would like to build a wall of protection around your future.

Specifically geared towards anyone 18 years old or over, you open the account with a balance of TZS 500,000 but no withdrawals are allowed until maturity otherwise you will forfeit your interest.

Do we charge you for operating the Fixed Deposit Account?

Absolutely not; we feel that your money in this account deserves its own peace of mind.

To help you make sense of our interest rates on this account, look at this chart:

Amount & rate
0.5M – 5M 5.1M-20M 20.1M-50M 50M - 100M Above 100M
3 months 4.35% 6.35% 7% 8% Negotiable
6 months 4.65% 6.65% 7.60% 8.35% Negotiable
9 months 4.75% 6.75% 7.65% 8.40% Negotiable
12 months 5.50% 7.50% 8.60% 8.75% Negotiable
24 months 5.65% 7.65% 8.75% 9.25% Negotiable

For further information please visit any Akiba branch near you or call +255 746 811 510