Is the savings accounts is designed specifically designed for students basing on their income and personal transactions. Achievers account is affordable, convenient and provides a safety way of receiving Higher Education Student Loans and funds from parents or guardians.

Benefits of MB savings Account;

• Affordable opening balance
• Preferential interest rates
• Simplified account opening procedures Account can be opened and operated in TZS GBP and EURO only
• Unlimited withdrawals in a day
• Enjoy SMS alert on every deposit/withdrawal
• No prior information on withdrawals
• Eligible to be linked with MB ATM card
• Enjoy cash withdraw on Umoja switch ATMs up to TZS 1,000,000/= a day
• Eligible to be linked with MB Mobile

Requirements to open achievers account;

• Applicant should be aged 18 years and above
• Legally Accepted Student Identity Card
• Student Admission Letter or Introduction Letter
• 1 recent passport photos with blue background

Opening balance of TZS 5,000/=

A savings account opened to facilitate salary payment by a customer whose employer is a corporate or institutional client of Maendeleo Bank.

Key Features:

• On recruitment, it can be opened by little or Zero balance
• Minimum operating balance
• Subjected to monthly and transaction fees.
• Earn interest on deposits
• Eligible for Maendeleo ATM card
• Eligible for MB Banking services
• Non joint account

Key Benefits:

• Easy process for opening the account
• It facilitates timely salary processing/payment
• High benefits as it earns interest
• Easy access of fund 24/7 days using Maendeleo ATM card

Opening Requirements:

• Must be a salaried employee of any recognized and registered company, institution or organization
• Employee’s identity card
• Letter of introduction from employer
• Two passport size photograph (2’x2′)

A savings account opened to facilitate salary payment by a customer whose employer is a corporate or institutional client of Maendeleo Bank.

Key Features:

• On recruitment, it can be opened by little or Zero balance
• Minimum operating balance
• Subjected to monthly and transaction fees.
• Earn interest on deposits
• Eligible for Maendeleo ATM card
• Eligible for MB Banking services
• Non joint account

Key Benefits:

• Easy process for opening the account
• It facilitates timely salary processing/payment
• High benefits as it earns interest
• Easy access of fund 24/7 days using Maendeleo ATM card

Opening Requirements:

• Must be a salaried employee of any recognized and registered company, institution or organization
• Employee’s identity card
• Letter of introduction from employer

Two passport size photograph (2’x2′)

This is a saving account to assist to set monthly savings plan and stick and follow it. This is more customized to pick a monthly saving plan and follow footprint towards achieving the goal. For example you have committed to offer 1,200,000 this account can assist you do a monthly savings of 100,000 to attain your goal.

Benefit of Ahadi account;

• Low opening balance of 10,000 TZS
• No withdrawals are allowed in the year
• No monthly charges
• Premium  Interest rate
• Not eligible to be linked with MB ATM card
• Not eligible to be linked with MB Mobile

For those who wish to grow their savings into something more rewarding, Wekeza account is there to assist you in this journey. Be it saving for a plot of land, a new car or your house, fulfill your savings goals with ease.

Benefit of Wekeza account;

• Low opening balance of 20,000 TZS
• Withdrawals are restricted to 4 times per annum
• On premature withdraw will forego 50% of accrued interest
• No monthly charges
• Premium  Interest rate
• Not eligible to be linked with MB ATM card
• Not eligible to be linked with MB Mobile

Key features of Wekeza Account;

• Affordable opening balance and start chasing your goals
• Preferential interest rates
• No operation fees

Is saving account specifically designed for high profile people and who are willing to pay extra to have special attention.

Key Features;

• Account can be opened and operated in TZS, USD, GBP and EURO
• Unlimited withdrawals in a day
• Enjoy SMS alert on every deposit/withdrawal
• No prior information on withdrawals
• Monthly withdraw charge
• Eligible to be linked with MB ATM card
• Eligible to be linked with MB Mobile
• Enjoy cash withdraw on Umoja switch ATMs up to TZS 1,000,000/= a day
• Overdraft facility for those who meet loan conditions.

Requirements;

• Identification Documents (Voter ID or Driving license or Passport.)
• Letter of introduction from the ward executive
• Passport size photographs
• Opening amount

It is a time deposit with fixed terms where a certain amount of money is kept in the account for predetermined fixed time (Investment duration ranges from 3 or 6 or 9 or 12 months) and competitive interest rate is given

Key Benefits:

• Funds are invested in fixed period –for a maximum of one year
• Interest is paid on maturity
• Investment duration ranges from  3 or 6 or 12 or 24months
• Fixed Deposit receipt is given to a customer as certificate of deposits which is presented for payment during maturity
• It can be renewed as per customer’s instructions
• It can be opened in either of TZS, USD, GBP and EURO
• Opening balance is TZS 200,000
• Prematurely withdrawal attracts a penalty