Interest on deposits

  • Business Briefs

    Banks to start paying interest on deposits from 1 July

    ZIMBABWEAN banks will start paying interest on savings accounts with effect from 1 July, the Reserve Bank of Zimbabwe said in a statement today. It said interest will be paid on savings accounts and fixed term deposits only but not on demand or call accounts. There will be no bank charges on savings and fixed term deposits. Zimbabweans, including Members…

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