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Savings Account

A simple deposit account that gives immediate access to one's money.  A savings card is available to access the money through the FBC Building Society country wide ATM network, Zimswitch linked ATM machines and point of sale facilities in the banking halls and retail shops.

It has affordable minimum and initial account opening balances.  The interest rate is tiered and the bigger the balance, the higher the interest earned.  The interest is paid annually in December after the deduction of withholding tax, currently at 15 % per annum.  The account is only available to individuals who can also use it to receive salaries.

Opening Requirements

• original or certified copy of metal or plastic ID, valid passport or Driver’s Licence.
• current payslip or letter from employer confirming employment and salary.
• proof of residence in the form of utility bills (electricity, water or phone bills) or statement from a financial institution.
• Passport size photo (colour)

This is a deposit account which offers instant access to one’s savings. It is available to individuals as well as companies, associations, cooperatives and clubs.

An ATM card is available to individuals and corporate organisations are issued with a passbook.  The card can be used to access cash through FBC Building Society ATMs, Zimswitch linked ATM machines and point of sale facilities in retail shops.  It is suitable for both regular savings and for putting away lump sums for future use