It is essential that customers are offered products that can cater to their needs and at the same time provide the bank with the competitive advantage or bringing the bank to the same level as the competition. Notice investment account is an investment account that is short term and that offer customers the flexibility on access to those funds.
- Offered in 4 major currencies, TZS/USD/GBP/EUR.
- Minimum deposit at TZS 1billion.
- Minimum deposit at USD/GBP/EUR 100,000
- Interest is calculated daily paid at the end of the tenure.
- Tenure of 7-days, 14-days, 21-days and 30-days.
- 24 hours’ Notice – with which customer will receive principal + interest without a penalty.
- Investment opportunity with short term funds lock-in.
- Access to other products and services.
Who would benefit?
Notice Investment Account is intended to target pension funds, insurance companies and customers involved in auctioning for government securities (T-bills and T-bonds). However all customer that wouldn't opt to lock their funds for a longer period for investment can benefit from this product.