The NMB Student Account is a current account designed specifically for students. The NMB Student Account has been tailored to the specific needs of students. NMB is the only bank in Tanzania that allows students to open an account with only TZS 2,000 and to withdraw cash at the ATMs free of charge. This makes a major difference to the income of students, and will mean that students will have more to spend each month. Given our branch network, which is the largest in Tanzania, and our rapidly growing ATM network, NMB is always closer to the students than any other bank. Consequently, NMB is very happy to be able to now offer its services to so many new and existing students.

The NMB Student Account is the newest member of a line of new products that were introduced by NMB throughout this year. In order to celebrate the introduction of this product, all students that open an NMB Student Account will automatically enter a prize draw in which they can win a computer, television sets and other prizes
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The school savings account is a special NMB savings product developed to help parents save for the future cost of their child's education.

By setting aside a minimum of TZS 10,000 for 2 years, you quickly build up a sound financial basis for educational purposes. Withdrawal is only allowed through payments to schools, so you can be certain that your money will reach its intended goal. Only the parents are authorised to operate the account.

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The NMB junior account is a unique savings account for children under the age of 18. It is meant specifically for your child's saving. The account is opened on behalf of a child, but legally belongs to and is operated by the parents. Once your child turns 18, the account will automatically be converted into a NMB bonus account under the child's name.

The account provides an attractive interest over the average annual savings amount, which will make your savings grow even faster.

Benefits
• Affordable opening balance requirement
• Absolutely Free: No charges for operating the account
• Flexibility: Once your child reaches 18 years of age, he / she will be able to operate the account, and the account will be changed into a NMB bonus account
• Encourages savings: Allows your child to learn saving behaviour

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