Personal Banking

Young Champions

Teaching your children how to deal with money is often one of the most important things you can do for them. The Young Champions Account is designed to allow you to kickstart your children’s financial future with a long-term savings plan that provides interest that grows with them.

Benefits:

  • Maximizes future savings for your children
  • Provides a great return on your funds with an attractive interest rate
  • Available in both local and foreign currency

Features:

  • Minimum opening balance of TZS 50,000/USD 50
  • Cash withdrawal is allowed twice a year
  • Parent/guardian oversees management of the account

Requirements

  • Duly completed and signed application form
  • Original and certified ID or a valid passport and TIN Number
  • Two recent passport-sized photographs
  • Letter of introduction from your employer, one referee who has been a CBA account holder for at least 6 months and/or a bank reference