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Designed for the serious saver, the Simba Savings Account allows you to multiply your hard-earned money with an interest rate of up to 2% p.a on your savings. Free deposits with one withdrawal permitted per quarter allows you to keep saving.

Features

Competitive interest rates

Enjoy competitive interest rates on your savings of up to 2%.

Zero maintenance charges or ledger fees

No account maintenance charges or ledger fees imposed on this account.

Unlimited deposits

There are no limits to the number of deposits you can make into the account.

Limited withdrawals

Withdrawals limited to 4 times a year to help you save your money.

Zero operating balance

No minimum operating balance is required to keep account active

What We Need From You*

  • Original and copy of National ID/Passport.
  • 1 quality colored passport sized photo.
  • Certificate of Residence/ Certificate of Employment certificate/Driving license.
  • Funds deposit.

Rates & Fees*

  • Minimum opening balance – BIF 50,000.
  • Minimum operating balance – Zero.
  • Maintenance fee – Zero.
  • Withholding tax – 15% on payable interest.
  • Interest rate – 2% per annum.
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