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Thursday, August 14, 2008

Strive for interest, bank tells clients

Barclays Bank customer Ayoub Lubanza (centre) picks one of the winners of the "Bomba and Wajasiriamali" promotion draw in Dar es Salaam yesterday. Looking on are Barclays Bank product manager Andrew Lyimo (left) and Gaming Board Tanzania inspector Mrisho Millao.
By Polycarp Machira

The public has been urged to adopt the culture of keeping money for a longer time in banks to earn interest as well as utilize the fixed deposit facilities offered to later sustain their living requirements.

Speaking in Dar es Salaam yesterday, Barclays Bank Tanzania deposit/liability manager William Mungai said many bank customers do not deposit their money for the required periods to allow them earn interest income.

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