CBZ BANK LIMITED:

2.4 SIMPLE SAVER SAVINGS ACCOUNT FOR INDIVIDUALS

ZWG Accounts Nostro Accounts (US$)

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BUSINESS CONDITIONS OCTOBER 2024
Interest rate on credit balances 1% per annum 3.5 p.a

Interest Calculation On daily cleared credit balances On daily cleared credit balances

Interest payment frequency Monthly Monthly

1. BANKING CHARGES
Minimum Balance $2.00 $2.00

ZWG Accounts NOSTRO Accounts (US$) Maximum Balance No Maximum No Maximum

Bank Charges Bank Charges
Below Minimum Balance Charge Yes Yes

Type Individual Accounts Business Accounts Individual Accounts Business Accounts Withdrawal restrictions 3 Withdrawals per month 4 Withdrawals per month
Cash Withdrawal fees 3% min ZWG26.90, No Max 3% min ZWG100.00, No Max 3.5% min US$2.10 3.5% min US$13.65
2.5 CASH PLUS SAVINGS ACCOUNTS
Up to US$10 or equivalent - Waived Up to US$10 or equivalent - Waived
Above US$10 or equivalent - 2.8% Above US$10 or equivalent - 2.8% Up to US$10 - Waived Up to US$10 - Waived
ZWG Accounts Nostro Accounts (US$)
ATM withdrawal fee min ZWG26.90, No Max min ZWG26.90, No Max Above US$10 - 2.5% min US$2.27 Above US$10 - 2.5% min US$2.27
ATM Debit Card first issue Type Individual Business Student Individual Business
plus PIN ZWG100.00 ZWG100.00 US$4.80 US$4.80
Interest rate on credit balances 3.5% per annum 3.5% per annum 3.5% per annum 1% per annum 1% per annum.
Up to US$10 or equivalent - Waived Up to US$10 or equivalent - Waived Up to US$10 - Waived
Above US$10 or equivalent - 1.2% Above US$10 or equivalent - 1.2% Up to US$10 - Waived Above US$10 - 1.4% min $0.37, Interest Calculation On minimum monthly On minimum monthly On minimum monthly On minimum monthly On minimum monthly
Merchant POS (CBZ to CBZ) min ZWG0.76, max ZWG56.02 min ZWG0.76 max ZWG56.02 Above US$10 - 1.4% min $0.37, No Max No Max balance balance balance balance balance
Up to US$10 or equivalent - Waived Up to US$10 or equivalent - Waived Up to US$10 - Waived Interest payment frequency Monthly Monthly Monthly Monthly Monthly
Above US$10 or equivalent - 2% min Above US$10 or equivalent - 2% Up to US$10 - Waived Above US$10 - 1.7% min $0.48,
Merchant POS (ZIMSWITCH) ZWG1.60, max ZWG224.11 min ZWG1.60, max ZWG224.11 Above US$10 - 1.7% min $0.48, No Max No Max Minimum Balance $2,500.00 $5,000.00 $1,000.00 US$100.00 US$500.00

Maintenance fees (per month) ZWG75.00 ZWG350.00 to ZWG450.00 US$5.00 US$25.00 Maximum Balance No Maximum No Maximum No Maximum No Maximum No Maximum
Request for Statement (Manual) ZWG10.58 per page ZWG10.58 per page US$1.58 per page US$1.58 per page
Withdrawal restrictions 1 free withdrawal after No withdrawals during 1 free transfer after 30 1 free withdrawal after 1 free withdrawal after
Account Balance Enquiry 90 days the 6 months investment days investment 90 days 90 days
(Manual) ZWG9.09 ZWG9.09 US$1.58 US$1.58 period

Cash Deposits No Charge No Charge No Charge No Charge

Up to US$10 or equivalent - Waived Up to US$10 or equivalent - Waived

2.6 FIXED DEPOSIT ACCOUNTS
Above US$10 or equivalent - 2% min Above US$10 or equivalent - 2% ZWG Accounts Nostro Accounts (US$)
RTGS ZWG16.27, max ZWG97.50 min ZWG19.53, max ZWG130.18 1% min US$2.00, max US$12.00 1% min US$4.80, max US$28.54
Interest rate As per daily quotes from Treasury Division minimum 5% per annum As per daily quotes from Treasury Division minimum 5.5 % per annum
Up to US$10 or equivalent - Waived Up to US$10 or equivalent - Waived Up to US$10 - Waived Up to US$10 - Waived
Above US$10 or equivalent - 2% min Above US$10 or equivalent - 2% Above US$10 - 1% min US$2.86, max Above US$10 -1% min US$4.00, Interest calculation For fixed period For fixed period
Internal Transfers ZWG10.58, max ZWG43.93 min ZWG14.64, max ZWG58.58 US$4.00 max US$6.85
Interest payment frequency Paid on maturity. Paid on maturity.
2.5% min US$42.00 max US$190.00 2.5% min US$78.00, max
Telegraphic Transfer @ bank rate US$347.00 @ bank rate 2.5% min US$42.00, max US$190.00 2.5% min US$78.00, max US$347.00 Minimum investment ZWG25,000.00 $10,000.00
Foreign Bills Negotiable/ Withdrawal restrictions At maturity At maturity
Discounted 3% minimum US$5.00 3% minimum US$5.00 N/A N/A

SWIFT Charge on Drafts/ Contact our Treasury Division for a firm quote on investments above ZWG250,000.00 and USD10,000.00 Tel: +263 753298, 791188, 759419, 755013
Telegraphic Transfer US$13.18 @ bank rate US$15.58 @ bank rate US$13.18 US$15.58
2.7 LOANS & OVERDRAFTS
ZWG Accounts Nostro Accounts (US$)

Type Individuals & Corporates Individuals & Corporates

2. BANKING PRODUCTS
Interest rate Minimum Lending Rate plus Margin Minimum Lending Rate plus Margin
2.1 CURRENT ACCOUNTS ZWG Accounts Nostro Accounts (US$)
Interest calculation On daily balance On daily balance
Type Individual Accounts Corporates Individual Corporates
Interest payment frequency Loans - Per Loan Contract Loans - Per Loan Contract
Overdrafts - Monthly
Interest rate on credit balances n/a n/a n/a n/a
Establishment fees 2% to 6% 2% to 6%
Minimum Balance No minimum balance No minimum balance No minimum balance No minimum balance

Cash Withdrawal restrictions (Regulatory Up to ZWG3,000.00 per week Up to ZWG30,000.00 per week Up to USD1,000.00 per day Up to USD10,000.00 per day
requirement) 2.8 MORTGAGE FINANCE
ZWG Accounts Nostro Accounts (US$)

Type Individuals & Corporates Individuals & Corporates

2.2 ORDINARY SAVINGS ACCOUNTS
Interest rate Minimum Lending Rate plus Margin Minimum Lending Rate plus Margin
ZWG Accounts Nostro Accounts (US$)
Interest calculation On daily balance On daily balance
Type Individual Accounts Corporates Individual Corporates
Interest payment frequency Monthly Monthly
Interest rate on credit balances 3.5% per annum n/a 1% per annum n/a
Valuation Fees 1% of Loan Amount (Once Off) 1% of Loan Amount (Once Off)
Interest Calculation On daily cleared credit balances On daily cleared credit balances On daily cleared credit balances On daily cleared credit balances
Establishment fees 1% to 3% of Loan Amount (Once Off) 1% to 3% of Loan Amount (Once Off)
Interest payment frequency Monthly Monthly Monthly Monthly
Annual Administration Fees 1% of Outstanding Loan Balance (payable monthly) 1% of Outstanding Loan Balance (payable monthly)
Minimum Balance ZWG100.00 ZWG1,000.00 US$5.00 US$20.00

Maximum Balance No Maximum No Maximum No Maximum No Maximum 2.9 LEASE FINANCE LOANS
ZWG Accounts Nostro Accounts (US$)
Below Minimum Balance Charge Yes Yes Yes Yes
Type Individuals & Corporates Individuals & Corporates
Cash Withdrawal restrictions (Regulatory Up to ZWG3,000.00 per week Up to ZWG30,000.00 per week Up to USD1,000.00 per day Up to USD10,000.00 per day
requirement) Interest rate Minimum Lending Rate plus Margin Minimum Lending Rate plus Margin

Interest calculation On daily balance On daily balance

2.3 PRIVATE BANKING CURRENT ACCOUNTS
Interest payment frequency Loans - Per Loan Contract Loans - Per Loan Contract
ZWG Accounts Nostro Accounts (US$) Establishment fees 2% to 5% (Upfront) 2% to 5% (Upfront)

Type Individual Accounts Business Individual Business Residual fee 1% (At Maturity) 1% min US$10.00 (At Maturity)

Interest rate on credit balances n/a n/a n/a n/a

Subscription Fee ZWG203.00 ZWG300.00 US$24.00 US$48.00

Minimum Balance

Maximum Balance
ZWG6.00

No Maximum
ZWG20.00

No Maximum
US$50.00

No Maximum
US$100.00

No Maximum
Bank
Below Minimum Balance Charge Yes Yes No No

Cash Withdrawal restrictions (Regulatory Up to ZWG3,000.00 per week Up to ZWG30,000.00 per week Up to USD1,000.00 per day Up to USD10,000.00 per day
requirement)
Call: +263 8677004050 • WhatsApp: +263 774 460 460 / 774 461 461 Toll free: 460 / 461
Mail: contactcentre@cbz.co.zw • Site: www.cbz.co.zw