Summary
JUHUDI Account offers customers an attractive investment opportunity with interest rates of up to 13.5percent per annum.
DODOMA: THE Co-operative Bank Tanzania (Coop Bank) has launched the Juhudi Account, a new Fixed Deposit Account product designed to strengthen savings culture and mobilize long-term deposits, being part of the Banks 2026 growth strategy.
The launch event, held at the banks Head Office in Dodoma, marks the commencement of an ambitious deposit mobilization campaign through which the Bank aims to raise over 300bn/- in three months, from 24th February up to 31st May 2026.
Speaking during the product launch, the Coop Bank Head of Business and Co-operative Banking, Mr. Yahya Jumanne Kiyabo, said the JUHUDI Account offers customers an attractive investment opportunity with interest rates of up to 13.5percent per annum.
He informed that the product provides customers with the flexibility to choose an option that best aligns with their cash flow needs and investment preferences.
The product comes with a minimum deposit requirement of 500,000/-, making it accessible to individuals, retirees, salaried employees, MSMEs, corporates, as well as private and government institutional investors seeking secure and competitive returns, Mr. Kiyabo said.
Mr. Kiyabo added that the product has been strategically tailored to enhance financial inclusion while strengthening the Banks liquidity position to support growth of the Micro, Small, and Medium Enterprise (MSMEs) across the country.
“The JUHUDI Account underscores our commitment to delivering innovative, secure, and rewarding financial solutions to our members. By mobilizing stable deposits through this product, we are strengthening our capacity to sustainably finance and transform the MSME sector, driving inclusive economic growth, he added.
Mr. Kiyabo added that his Bank is committed to continue strengthening its liquidity position in order to increase access to loans for MSMEs.
“I urge private investors, institutions, co-operative societies ,SACCOS and all Tanzanians to seize this opportunity, as wise investment decisions today are the foundation for a stronger, more secure and prosperous tomorrow, he said.
About Co-operative Bank Tanzania (Coop Bank)
Coop Bank Tanzania is a modern financial institution officially launched on April 28, 2025, by President Samia Suluhu Hassan, resulting from the merger of Kilimanjaro Cooperative Bank and Tandahimba Community Bank. Headquartered in Dodoma, it focuses on providing tailored financial services to cooperatives, smallholder farmers, and the community.
Key details about Coop Bank Tanzania:
Formation and Merger: The bank was formed through the merger of Kilimanjaro Cooperative Bank (KCBL) and Tandahimba Community Bank (TCBL), with operations commencing on October 1, 2024, following a BOT license.
Support and Ownership: CRDB Bank PLC played a key role in the merger, providing technical expertise and management support to ensure stability.
Focus Areas: The bank aims to drive financial inclusion, targeting the agricultural sector (cashew, coffee, cotton, sesame) and supporting cooperative societies (AMCOS, SACOSS).
Services: Offers digital banking, mobile banking (Coop Pesa), and corporate banking services, including multi-currency accounts (TZS, USD, EURO, GBP).
The bank’s mission is to provide innovative, technology-driven financial solutions that promote sustainable agricultural growth and rural development.
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