NMB Bank NMBSave — review & details
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.
NMB Bank NMBSave
★★★★☆
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
How NMB Bank NMBSave compares in savings & fixed deposits
| NMB Bank NMBSave | CBZ SimpleSaver Account | Steward Bank Diaspora Savings Account | |
|---|---|---|---|
| Interest Rate | Tiered, calculated on daily balance, paid monthly | 1%–3.5% per annum (tiered) | 2.5% per annum |
| Monthly Fee | Waived if balance stays ≤US$100 for up to 30 days | None to hold the account | None |
| Access | Unrestricted access to funds | Deposit and withdraw at your convenience | — |
| Licence | NMB Bank — licensed commercial bank (RBZ), DPC member | CBZ Bank — licensed commercial bank (RBZ), DPC member | Steward Bank (Econet group) — licensed commercial bank (RBZ), DPC member |
| Best For | Small, active balances that want to dodge the monthly fee | Starting to save with almost nothing | Zimbabweans abroad saving in USD without a monthly charge |
| Visit NMB Bank → | Visit CBZ Bank → | Visit Steward Bank Diaspora Banking → |
← Compare all savings & fixed deposits
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