If you want a simple and easy way to start saving for the future, think about PureSave!  Interest earned on a PureSave account is higher than a regular current account, which means your money grows faster, helping you to reach your financial goals more quickly.

Your funds are available when you need them and you can deposit any amount at any time.  Interest is paid on a tiered basis meaning that the interest rate increases as your balance increases – so the more you save, the more you earn!

Features and benefits

• You need a minimum opening deposit of Tsh 50 000 and you will start earning competitive interest from Tsh 250 000
• You do not need to choose a savings period so you can save as long as you want
• You can add to your savings whenever you like
• Your money is available whenever you need it.
• You can have more than one PureSave account for your different savings goals
• No Management fees if balance maintained above minimum balance

How to manage your PureSave account so that you pay no fees 

• There is no monthly management fee as long as your balance stays above Tsh 50 000.
• There is no fee when you transfer funds from your Stanbic Bank transactional account to your PureSave account.
• Cheque deposits (at Stanbic Bank Tanzania branches) are free
• All cash deposits are free.
• You do pay fees if you withdraw money from your PureSave account.

Who can apply
If you are 18 years or older and want to save for your future, open a PureSave account today! 

How to apply
To apply for a PureSave account, you will require a good credit record and an opening deposit of Tsh 50 000.  All you have to do is visit your nearest Stanbic Bank branch with the following documents:

• A government recognised identity card
• A letter from your employer/ local government leader to confirm your identity
• Your residence or work permit and passport if you are not a resident
• Tsh 50 000 to deposit into your new account