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