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.
BankBranchFoundedOwnership
CRDB BankCRDB Bank661996Local
Barclays Bank TanzaniaBarclays Bank Tanzania221925Foreign
Azania BankAzania Bank151995Local
FBME BankFBME Bank52003Foreign
First National Bank TanzaniaFirst National Bank Tanzania32011Foreign
Standard Chartered TanzaniaStandard Chartered Tanzania1911Foreign

Tanzania Discussion Activity

  • CRDB Bank - Savings - CRDB Bank Savings Account
    Q: Dear Sirs,I see on this website that you give 3% interest on a saving accout. I would be interested how do you calculate interest?In example, I have from 1st to 15th of June 1 Mio TSH deposited on this acct and on 16th I do receive another 9 Mio. additional. For how much many will be interest calculated for June?Thx ahead.Ralf

    Ralf from Tanzania
  • Deposits
    Q: what is the interest rate for three month deposit at NBC tanzania?

    henry from Tanzania
  • Barclays Bank Tanzania
    Q: can you explain various documents required before opening a fixed deposit account and the way your bank operates fixed deposit account and explain its features.

    MICHAEL W M from Tanzania