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Maendeleo BANK
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Personal Banking

  • Progressive (Personal) Current Account
  • Achievers Account
  • Salary Account
  • Maendeleo Saving Account
  • Ahadi Account
  • Wekeza Account
  • Executive Saving Account
  • Fixed Deposit Account
  • Personal Current Account
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This account provides a convenient and flexible medium for making and receiving payments thus enhancing personal and business transactions.

  • Achievers Account

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/=

  • Salary Account
>

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′)

 

  • Ordinary Personal Accounts
>

With the MB savings account you can conveniently manage your transactions for your income while at the same time enjoying unmatched benefits and competitive interest.

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 UERO only

Unlimited withdrawals in a day

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

 

Opening requirements MB savings Account;

Identification Documents (Voter ID or Driving license or National ID or Passport.)

Passport size photograph

Opening amount.

 

  • Ahadi Account
>

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

 

  • Maendeleo Wekeza Account
>

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

 

  • Executive Savings
>

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

 

  • Fixed Deposit
>

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

Contact us
Accounts
Insurance
Support
Connect with us
  • Head Office : Luther House,
  • P.O BOX 216, Dar es salaam
  • Email: info@maendeleobank.co.tz
  • Toll Free :0800750089
  • Fax : +255 22 211 595
Maendeleo BANK
Ordinary Saving Account
Fixed Deposit Account
Executive Savings
Achiever Account–For Students
Personal Current Account
Ahadi Account
Salary Account
Maendeleo Wekeza Account
Motor Insurance
Domestic Insurance
All Risk Insurance
Business Insurance
Personal Accident Insurance
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