The NMB junior account is a unique savings account for children under the age of 18. "Your child's future starts today"

What is it?

The NMB junior account product is meant specifically for your child's saving.

The account is opened on behalf of a child, but legally belongs to and is operated by the parents. Once your child turns 18, the account will automatically be converted into a NMB bonus account under the child's name.

The account provides an attractive interest over the average annual savings amount, which will make your savings grow even faster.

Benefits

• Affordable opening balance requirement
• Absolutely Free: No charges for operating the account
• Flexibility: Once your child reaches 18 years of age, he / she will be able to operate the account, and the account will be changed into a NMB bonus account
• Encourages savings: Allows your child tolearn saving behaviour

For whom?

The NMB junior account is for all children, from birth until the age of 18.

The sooner you start, the more you can save and the more interest you will accumulate

How to buy?

What you need to open NMB junior account

• Childs birth certificate or affidavit
• Two passport size photographs (of each parent / guardian
• A minimum opening balance of TZS 10,000

If you, the parent or guardian, are not an NMB customer, you are required to bring

• A letter of introduction from employer, ID or a letter from your local government official (WEO / VEO)

Where to buy?

If you are interested in this product, please contact your nearest NMB branch. You can use the branch finderon this website to find the one closest to you