The head of products at Barclays Bank Tanzania, Mr Oscar Mwamfwagasi (right), speaks in Dar es Salaam yesterday during the official launch of the bank’s new product which allows clients to receive upfront interest on their fixed deposits. Others from left are marketing manager Joe Bendera and liability product manager Innocent Chonya. PHOTO | COURTESY
What you need to know:
This means that the savers – on fixed arrangements - will now be able to take their interest at the beginning of the agreement and spend the money on their other necessities while waiting for maturity period of the deposited amount.
