Junior Jumbo Account is designed for you as a parent / guardian to save for your children’s future needs. It is an ideal way for you to grow savings and incalculate saving culture in your children.

What Junior Jumbo Offers:-  

• Affordable opening balance: You only need TZs 20,000 or 20 USD, EURO and GBP to open Junior Jumbo account

• Higher interest rates: Junior Jumbo account offers you a higher interest rate than the normal savings account. The interest will be calculated on minimum monthly balance and credited in your child’s account annually. The interest earning balance is TZs 100,000 or 500 USD, EURO and GBP.

• Bonus interest rate:   Your child’s account will receive a 0.5% p.a bonus if you maintain a minimum balance of TZs 5,000,000 throughout the year.

• Absolutely no account fees:  Junior Jumbo account is free of withdrawal or service fees.

• Encourages savings:  Junior Jumbo account withdrawals are restricted to three times per year to encourage savings in the account to grow.

• High flexibility:         When your child reaches 18 years, the account may be switched to a normal savings account.

 It’s easy to open Junior Jumbo account:-

Parents/Guardians holding CRDB Bank account will need:-

• The child’s birth certificate.
• Two passport size photos of the child.
• Two passport size photo of the parent.
• Minimum opening balance of TZs 20,000 or units 20 USD, EURO or GBP.

Parents/Guardians who do not hold CRDB Bank account will need:-

• An ID and letter from employer or Reference from two existing CRDB Bank customers.
• Two passport size photographs of the parent/guardian.
• The child’s birth certificate.
• Two passport size photos of the child.
• Minimum opening balance of TZs 20,000 or units 20 USD, EURO or GBP.