This is an investment account for a fixed amount made for a specific period of time at a guaranteed fixed rate of interest. The customer is provided with a Time Deposit Certificate and receipt as evidence of deposit.

Time deposits are meant for Individuals, Trustees, Clubs, Associations, Institutions and Corporations.

The minimum deposit is TZS 100,000.

• Upfront determination of exactly how much interest you will receive for the investment.
• Fixed rate of interest.
• Flexible deposit (maturity) periods enable that enable you to plan effectively for future spending while earning interest
• Flexible deposit amounts that enable you to invest at your own convenience
• Competitive interest rates which improve as the deposit period increases
• It is an ideal collateral for borrowing in case you require a loan.
• The account is maintained free of charge hence no reduction in investment.
• Flexible and convenient payment methods such as cash or issuance of a banker's cheque.