BancABC deposit campaign offers 11pc interest 

BancABC Tanzania has launched a customer drive deposit campaign whereby the bank’s customers will get up to 11 per cent interest upfront for one year, on structured fixed deposit accounts.

The BancABC Chief Operation Officer Ms Joyce Malai said they are introducing an annual interest rate of up to 11 per cent for customers who will open fixed deposit accounts from yesterday to mid-December this year and will be paid upfront interest instantly while their principal amounts remain secure until maturity.

“We want to encourage our customers and even those who do not have accounts with us to take advantage of this offer while it still lasts….,” she said.

“We are giving an upfront interest to enable our customers protect their principle while running their businesses and daily activities without having to wait till the end of the tenure to earn it.”

The package is also flexible to accommodate those who would prefer a quarterly, semi-annual, or annual interest payment besides the upfront.

BancABC Tanzania Senior Manager–Retail and Commercial Banking Lillian Mwakitalima said that they keen in meeting their customer’s needs and their growth.

“Should a customer wish to borrow against his or her deposit, we can accommodate them,” Mr Mwakitalima said.

The bank, which is part of Atlas Mara, has branches in Dar es Salaam, Dodoma, Mwanza and Arusha.

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