Tanzania Interest Rates

The Tanzanian economy with a population of 43.188 Million (2010 Projection nbs.gov.tz) ranks 82nd in the world with a GDP PPP of 63.504 billion and GDP PPP per capita of 1,505 vs 48,147 (United States) according to the IMF in 2011. The national currency is the Tanzanian shilling (TZS). In Tanzania agreed upfront fixed term interest products are called fixed deposits. According to CIA.gov its inflation was estimated at 11.1% in 2011 and 7.2% in 2010.

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Tanzania Banks

Showing rates for 6 Bank deposit providers in Tanzania.
Bank Branch Founded Ownership
CRDB Bank CRDB Bank 66 1996 Local
Barclays Bank Tanzania Barclays Bank Tanzania 22 1925 Foreign
Azania Bank Azania Bank 15 1995 Local
FBME Bank FBME Bank 5 2003 Foreign
First National Bank Tanzania First National Bank Tanzania 3 2011 Foreign
Standard Chartered Tanzania Standard Chartered Tanzania 1911 Foreign

Tanzania Discussion Activity

  • CRDB Bank - Deposits - CRDB Bank 1 Year Fixed Deposit
    Q: What is minimum amount for opening fixed account? Is there fixed account specifically for students? What are requirements needed for opening fixed account? Is it possible to open an account for five years?

    Simon from Besnate, Italy
  • CRDB Bank - Deposits - CRDB Bank 1 Year Fixed Deposit
    Q: 1.In case of any occurence of inflation it will affect the rate of fixed deposit.. 2.at the end of year..the amount of money which I have stated they will be returned

    Carlos from Tanzania
  • CRDB Bank
    Q: May i know your bank charges

    David from Tanzania