Compare savings & fixed deposit rates in Zimbabwe

By the Rateweb editorial team · How we rate · Product details checked 19 Jul 2026

Compare savings accounts from Zimbabwe's RBZ-licensed banks on interest rate, minimum deposit and monthly cost. Deposits at these banks are covered by the Deposit Protection Corporation up to a set limit per depositor per institution — see our full explainer on what that covers before choosing where to keep a large balance.

⭐ Ratings & awards are Rateweb's independent editorial opinion — how we rate.

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4 results
Lowest barrier to entry

CBZ SimpleSaver Account

Zimbabwe's largest bank's entry-level savings account — a tiny US$2 minimum deposit and no cost to hold, with interest paid on whatever you save.
★★★★☆
4.1/5 · How we rate
US$2
Minimum Deposit
None to hold the account
Monthly Fee
1%–3.5% per annum (tiered)
Interest Rate
Deposit and withdraw at your convenience
Access
CBZ Bank — licensed commercial bank (RBZ), DPC member
Licence
Starting to save with almost nothing
Best For
Pros
  • Extremely low US$2 minimum deposit
  • No monthly cost to simply hold the account
  • Backed by Zimbabwe's largest banking group
Cons
  • Top interest rate (3.5%) only applies at higher tiers — confirm which tier you'll actually earn
  • No stated bonus or promotional rate
  • Full fee schedule for related services needs checking separately
Visit CBZ Bank Full details & review →
Best for the diaspora

Steward Bank Diaspora Savings Account

A USD savings account built specifically for non-resident Zimbabweans — a flat 2.5% per annum with zero monthly service fee, a natural fit given how much of Zimbabwe's savings pool arrives from abroad.
★★★★☆
4.0/5 · How we rate
2.5% per annum
Interest Rate
None
Monthly Fee
Non-resident / diaspora Zimbabweans
Eligibility
USD
Currency
Steward Bank (Econet group) — licensed commercial bank (RBZ), DPC member
Licence
Zimbabweans abroad saving in USD without a monthly charge
Best For
Pros
  • Zero monthly service fee
  • Purpose-built for diaspora account-holders, not a generic retrofit
  • Integrated with the wider EcoCash/Econet ecosystem
Cons
  • Only available to non-resident/diaspora applicants
  • Flat 2.5% rate — no tiered upside for larger balances
  • Confirm current opening requirements directly, they can change
Visit Steward Bank Diaspora Banking Full details & review →

Stanbic Bank Pure Save Account

A tiered-interest savings account from Stanbic — the trade-off is real restriction on access: withdrawals are limited to once every two months, so this suits money you genuinely don't need to touch.
★★★★☆
3.7/5 · How we rate
Tiered, depends on balance — no single published rate
Interest Rate
Limited to once every two months
Withdrawals
Stanbic Bank Zimbabwe — licensed commercial bank (RBZ), DPC member
Licence
Balances you deliberately want to make hard to dip into
Best For
Pros
  • Built-in withdrawal discipline suits a genuine long-term savings goal
  • Backed by a large, well-established banking group
  • Tiered structure rewards larger balances
Cons
  • The two-withdrawals-a-year limit is a real constraint if you need flexibility
  • No published flat rate — you won't know your exact return without asking
  • Wrong choice for an emergency fund you might need quickly
Visit Stanbic Bank

NMB Bank NMBSave

NMB's tiered savings account calculates interest daily and pays it monthly, and waives its own monthly service fee entirely if your balance stays at or under US$100 for up to 30 days.
★★★★☆
3.8/5 · How we rate
Tiered, calculated on daily balance, paid monthly
Interest Rate
Waived if balance stays ≤US$100 for up to 30 days
Monthly Fee
Unrestricted access to funds
Access
NMB Bank — licensed commercial bank (RBZ), DPC member
Licence
Small, active balances that want to dodge the monthly fee
Best For
Pros
  • Unrestricted access, unlike Stanbic's Pure Save
  • A genuine fee-waiver path for smaller balances
  • Daily-balance interest calculation rewards keeping money in longer within the month
Cons
  • No single published rate — genuinely tiered, confirm your bracket
  • The fee waiver only helps if you deliberately keep the balance low
  • Full current tariff schedule needs checking directly for larger balances
Visit NMB Bank Full details & review →

Ratings are Rateweb's editorial opinion. Product details can change — always confirm with the provider before applying. Rateweb may earn a commission on some applications. This is general information, not financial advice.

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