Mwangaza Junior Account

A simple, flexible, and rewarding way to save for your child’s future. Start building a secure future for your child today with a savings account that grows with them every step of the way. This account is designed to make saving simple and accessible.

• Save in  your choice of currency
• Low opening balance:TZS 20,000 or 20 (USD/EUR/GBP)

  
  

• No monthly maintenance fees
• One free withdrawal per quarter
• Earns monthly interest on deposits
• One account per child – no joint accounts

Benefits

• Build a saving habit for your child’s future needs
• Set standing instructions for automatic contributions
• No monthly maintenance fees
• Earning interest on all deposits
• Option to get a Visa Card 

Eligibility & Requirements

To open an account:

• Account is for children below 18 years  

  
  

• Child’s birth Certificate

• Two passport size photographs; one of a child and one of a parent/guardian

  
  

• Parent/Guardian valid ID (NIDA ID, Voters ID, Passport, Driver’s license, Zanzibar ID)