The account allows you to save for a rainy day while still providing you access to your funds in the event of unforeseen expenses that require immediate cash once a month.
1 withdraw at standard withdraw fee as per tariff, extra withdraws attract extra charge
Minimum balance is currently at K350.00
Competitive interest rates available
Interest is paid twice a year
Access to a Visa Classic or Gold debit card
Access to Internet banking
Access to Mobile banking
Free monthly statements
Transactional SMS alerts
WHO CAN APPLY?
An individual with average balances from ZMW5,000.00 to K34,999.99
An individual with a monthly income from ZMW5,000.00 to K34,999.99
ACCOUNT OPENING REQUIREMENTS
Certified copies of National Identity
Two passport size photos
Proof of residence
TPIN
This is a pure savings account which enables you to grow your savings in the most convenient way by offering attractive monthly interest rewards with limited number of withdrawals of once in a quarter.
A multi-currency account in the following available currencies: Zambian Kwacha (ZMW), United States Dollar (USD), Great British Pound (GBP), Eur0 (EUR) & South African Rand (ZAR)
1 free withdrawal per quarter, subsequent withdrawals during the quarter, Over The Counter withdrawal charge is applicable.
No minimum balance for foreign currencies USD, GBP, EUR and ZAR
Competitive interest rates available
Interest is paid monthly
No access to a Visa debit card
Access to Internet banking
Access to Mobile Banking
Free monthly statements
Transactional SMS alerts
WHO CAN APPLY?
An individual with average balances from ZMW5,000.00 and above
An individual with a monthly income from ZMW5,000.00 and above
ACCOUNT OPENING REQUIREMENTS
Certified copies of National Identity
Two passport size photos
Proof of residence
TPIN
The Village Banking Savings Account is designed to help you and your savings group to grow your money in a safe and convenient way. The account provides security for your funds as it minimizes the risks associated with transacting with cash in a home.
A multi-currency account in the following available currencies: Zambian Kwacha (ZMW), United States Dollar (USD), Great British Pound (GBP), Euro (EUR) & South African Rand (ZAR)
Free Banking
Minimum balance is currently at K100.00 and nil for all foreign currencies
No maximum allowable balance
Competitive Interest rates available on the account
Interest is paid on the account monthly
Access to Internet banking
No access to a Visa debit card
No Access to Mobile banking
Free monthly statements
WHO CAN APPLY?
Village Banking savings groups (Registered or unregistered)
ACCOUNT OPENING REQUIREMENTS
TPIN for signatories
Copies of NRCs for all signatories
Proof of address for all signatories
Passport size photos for all signatories
Individual application forms for all signatories
Copy of the group constitution and list of members
Letter of application signed according to proposed mandate detailing the signing arrangement
We recognise the valuable contributions that pensioners have made to society during their years of service. Our Pensioner’s Savings Account is the perfect reward, keeping in mind pensioners’ need for an account to manage a regular stream of income even after retirement
The Upfront Interest Deposit allows the customers to invest excess funds awaiting future expenditure and earn competitive interest rates for the varied deposit tenures.
Minimum Investment deposit amount required is K10,000.00
The account is available in Zambian Kwacha (ZMW)
Limitless maximum investment amount
The current applicable tenures are as follows:
30 days
60 days
90 days
180 days
1 year
Credit interest available
Interest is paid upfront on account opening
BENEFITS
Competitive interest rates
The customer is credited the interest on the deposit upfront on account opening
The customer selects the period of investment
The deposit tenure can be renewed at maturity
The customer can choose to have the interest paid into an account of their choice
There is no maximum deposit amount required, the customer determines the maximum deposit according to their wallet.
WHO CAN APPLY?
An individual with average balances from ZMW5,000.00 and above
An individual with a monthly income from ZMW5,000.00 and above
ACCOUNT OPENING REQUIREMENTS
Existing account holder where deposit lump sum funds will come from
Filled in application form
The fixed deposit account allows the customers to invest excess funds awaiting future expenditure and earn competitive interest rates for the varied deposit tenures.
Minimum investment deposit amount required is K10,000.00
A multi-currency account in the following available currencies: Zambian Kwacha (ZMW) and United States Dollar (USD)
Limitless maximum investment amount
The current applicable tenures are as follows:
30 days
60 days
90 days
180 days
1 year
Credit interest available
Interest is paid at maturity
BENEFITS
Competitive interest rates
The fixed deposit amount can be used as security for a loan
The customer selects the period of investment
The deposit tenure can be renewed at maturity
The customer can choose to have the interest paid into an account of their choice
There is no maximum deposit amount required, the customer determines the maximum deposit according to their wallet.
WHO CAN APPLY?
An individual with average balances from ZMW5,000.00 and above
An individual with a monthly income from ZMW5,000.00 and above
ACCOUNT OPENING REQUIREMENTS
Existing account holder where deposit lump sum funds will come from
Filled in application form
A Baby Blossom Account is a recurring term deposit account that allows you to make regular fixed monthly investment instalments on fixed dates to grow your child’s investment during the course of the tenure.
A multi-currency account available in the following currencies: ZMW, EUR, GBP, ZAR and USD
Competitive interest rates available on ZMW, USD, GBP and ZAR accounts
Minimum monthly installment K100.00
A one-off lump sum amount can be made at account opening if the customer so wishes.
Zero minimum balance
No Maximum allowable Installment
The current applicable tenures are as follows:
Minimum tenure 2 years
Maximum tenure 18 years
Interest is paid at maturity
Enables you to open an investment account and save regularly for your child aged 0 to 16 years
Zero monthly maintenance fee
BENEFITS
Competitive interest rates
Free banking for customers
The parent can open this account for a child of any age from 0 to 16 years
Customer/parent sets their own savings target
Seamless funds transfer from the parent account to the Baby Blossom account
The more you save, the more interest you earn
Free access to internet banking and e-statements direct to the customer’s email
WHO CAN APPLY?
An individual with average balances from ZMW5,000.00 and above
An individual with a monthly income from ZMW5,000.00 and above
ACCOUNT OPENING REQUIREMENTS
Existing account holder where deposit lump sum funds will come from
Filled in application form
Treasure Chest Account is a recurring term deposit account that allows you to make regular fixed monthly investment installments on fixed dates to grow your investment during the course of the tenure.
A multi-currency account in the following available currencies: Zambian Kwacha (ZMW), United States Dollar (USD), Euro (EUR) and South African Rand (ZAR)
Minimum monthly installment K100
A one-off lump sum amount can be made at account opening if the customer so wishes
No Maximum allowable Installment
The current applicable tenures are as follows:
Treasure Chest Short Term: Minimum 3 months, Maximum 6 months
Treasure Chest Long-Term: Minimum 1 year, Maximum 5 years
Competitive interest rates available on Zambian Kwacha (ZMW), United States Dollar (USD), Euro (EUR) and South African Rand (ZAR)
Interest is paid at maturity
BENEFITS
Competitive interest rates
You can save for your long-term future expenses
In essence this account allows you to practice ‘’chilimba’’ with yourself
The account encourages our customers to develop a savings culture
The customer has a wide deposit tenure to choose from
Flexible deposit installment amounts according to what the customer can afford
The more you save the more interest you earn
Low monthly minimum installment amount
WHO CAN APPLY?
Zanaco Retail customers under Private and Preferred banking.
ACCOUNT OPENING REQUIREMENTS
Existing account holder where deposit lump sum funds will come from
