Interest Rates
Interest Rates
Our interest rates ensure a healthy growth rate for your money by offering the most competitive rates in the market.
| Currency | Interest Rates p.a. |
| TZS | 3.00% |
| USD | 0.50% |
| GBP | 0.50% |
| Currency | Interest Rates p.a. |
| Balance in excess of TZS 10,000,000.00 | 1.5% |
| Balance in excess of USD 50,000.00 | 0.5% |
TZS
| Amount | 1
month |
2
months |
3
months |
6
months |
9
months |
12
months |
24 months |
| 1,000,000.00 – 49,999,999.99 | 2.50% | 2.75% | 3.00% | 3.50% | 5.30% | 6.50% | 7.00% |
| 50,000,000.00 – 99,999,999.99 | 2.50% | 3.00% | 3.30% | 4.00% | 6.00% | 7.00% | 7.50% |
| 100,000,000.00 – 199,999,999.99 | 2.80% | 3.25% | 3.50% | 5.00% | 7.00% | 8.00% | 8.50% |
| 200,000,000.00 – 499,999,999.99 | 3.00% | 3.50% | 4.50% | 7.00% | 8.00% | 9.00% | 9.50% |
| 500,000,000.00 & Above | Negotiable | ||||||
USD
| Amount | 1
month |
2
months |
3
months |
6
months |
9
months |
12
months |
24 months |
| 1,000.00 – 4,999.99 | 0.50% | 0.60% | 0.75% | 0.85% | 1.00% | 1.25% | 1.75% |
| 5,000.00 – 49,999.99 | 0.60% | 0.75% | 0.85% | 1.00% | 1.50% | 1.75% | 2.00% |
| 50,000.00 – 99,999.99 | 0.70% | 0.85% | 1.00% | 1.50% | 1.75% | 2.00% | 2.75% |
| 100,000.00 & Above | 0.75% | 1.00% | 1.50% | 1.75% | 2.00% | 3.00% | 3.50% |
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Above interest rates are effective from 1st February 2022
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Interest rates quoted above are per annum
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Interest rates quoted may change without prior notice; contact the nearest ICB branch for the latest rates
-
For GBP and EUR interest rates, contact the nearest ICB branch for the rates.