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Set goals and save towards them
Turn small savings into big goals with the ICB Recurring Deposit (Kibubu) Account. This smart savings plan lets you set aside a fixed amount every month for a term of 12 to 60 months, earning attractive interest rate similar to fixed deposits. Whether you're saving for a new home, your child’s future, or a rainy day, the Kibubu Account offers a reliable and rewarding way to build wealth gradually, one deposit at a time.
Features & Benefits
Goal-Based Saving
Ideal for planning future expenses like education, travel, or emergency funds.
Automated and Convenient
Monthly contributions are automatically collected from your ICB Savings or Current Account
Flexible Tenure Options
Choose a term that suits your goals, from 12 to 60 months.
Earn Competitive Return
Enjoy 8% p.a. interest, compounded quarterly.
Start Small, Save Steady
Start saving with as little as TZS 50,000 per month for the tenure of recurring deposit and watch your savings grow steadily.
Seamless Credit of Earnings
Your returns are automatically credited to your ICB Savings or Current Account on maturity.
Maturity Payout
Receive both principal and interest at maturity.
Invest in TZS
Secure your savings in Tanzanian Shillings.
Access When Needed
Withdraw your funds early if needed with interest adjustments.
Unlock Extra Value
Access a loan or overdraft facility against your Fixed Deposit at attractive rates.
Stay in Control
Receive free e-statements and instant transaction alerts, so you’re always informed and in charge of your finances.
Safe & Secure Banking
Enjoy complete peace of mind with secure and regulated financial services.
Account Opening Requirements & Documentation
- Eligibility
- Requirements
Individuals aged 18 years and above- Trustee – custodians/guardians of minors (children of 1 to 17 years of age)
- Sole or Joint Account
Individuals:
- Valid National ID for residents
- Passport for non-residents
- Work permit for non-resident
- One passport size photos of each account holder/signatory
Related Products
Regular Fixed Deposit Account
A fixed deposit account offering competitive interest rates, flexible tenures and tailored interest payout options for secure savings growth.
Read More
Double Your Money Scheme
Plan ahead with a long-term fixed deposit scheme designed to double your principal over a 7.5-year tenure.
Read More
Alternative Delivery Channels
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Agency Banking
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Internet Banking
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Mobile Banking
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ICB Umoja Debit Card
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ICB Mastercard Debit Card
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