Compare savings & fixed deposit rates in Zambia

By the Rateweb editorial team · How we rate · Product details checked 30 Jul 2026

Compare interest on savings accounts and fixed deposits from banks in Zambia. Only deal with licensed deposit-taking institutions. Rates shown are indicative — confirm the current rate with the provider before opening.

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

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6 results
Monthly interest

Zanaco Suresave

Monthly interest and a low K300 opening balance, with one free withdrawal a quarter — the trade-off is that it deliberately discourages dipping in.
Monthly
Interest Paid
K300
Minimum Balance
ZMW, USD, GBP, EUR, ZAR
Currencies
No
Debit Card
Pros
  • Interest paid monthly, not twice a year
  • Low K300 minimum balance in kwacha
  • Also available in USD, GBP, EUR and ZAR
Cons
  • Only one free withdrawal per quarter — further withdrawals are charged
  • No debit card on the account
  • Interest rate is not published; ask the branch
Fees, eligibility & documents
Fees
Minimum balanceK300 (no minimum on foreign currency)
Free withdrawals1 per quarter; over-the-counter charge after that
Interest rateNot published — confirm with Zanaco
View at Zanaco
Rewards discipline

Absa Bonus Savings Account

Pays a bonus on top of the normal interest for every full quarter you leave it untouched — built to reward genuinely not spending it.
K1,000
Minimum Opening
No withdrawals for a full quarter
Bonus Condition
Yes (NRC required)
Open Online
Pros
  • Bonus interest for a full quarter with no withdrawals
  • Can be opened online with your NRC
  • Tiered interest — bigger balances earn more
Cons
  • K1,000 to open and to keep the bonus tier
  • One withdrawal in the quarter costs you the bonus
  • Base interest rate is not published
Fees, eligibility & documents
Fees
Minimum initial depositK1,000
Minimum balance for bonusK1,000 maintained
Interest rateNot published — confirm with Absa
View at Absa
No monthly fee

FNB Zambia Savings Pocket

No monthly fee and a round-up feature that sweeps spare change from card purchases into savings — the easiest way to start if you never get round to it.
None
Monthly Fee
K1 / K2 / K5 / K20 / K50
Round Up Amounts
Anytime
Access
FNB transactional account
Requires
Pros
  • No monthly fees
  • "Bank Your Change" rounds up card spend (K1, K2, K5, K20 or K50)
  • Deposit or withdraw any amount, any time
Cons
  • You need an FNB cheque or transactional account first
  • No minimum balance or interest rate published
  • Round-ups are small — this builds a habit, not a lump sum
Fees, eligibility & documents
Fees
Monthly feeNone
Minimum balanceNot published
Interest rateNot published — confirm with FNB
View at FNB Zambia
Best for lump sums

Zanaco Fixed Deposit

Lock a lump sum for 30 days to a year for a better rate than an ordinary savings account — the standard step up once your buffer is built.
K10,000
Minimum
30–365 days
Tenures
ZMW, USD
Currencies
At maturity
Interest Paid
Pros
  • Terms from 30 days to 1 year
  • Available in kwacha and US dollars
  • Typically beats an instant-access savings rate
Cons
  • K10,000 minimum — not a starter product
  • Money is locked for the term
  • Rate is not published; quoted per deal
Fees, eligibility & documents
Fees
Minimum investmentK10,000
Tenures30, 60, 90, 180 days or 1 year
Interest rateNot published — quoted on application
View at Zanaco
Best for groups

Zanaco Village Banking Savings

A bank account built for chilimba and village-banking groups — K100 to open, free banking, and the group's money sits in a licensed bank instead of someone's house.
K100
Minimum Balance
Village banking groups (registered or unregistered)
Eligibility
Monthly (kwacha)
Interest Paid
No
Debit Card
Pros
  • Designed for savings groups, registered or not
  • K100 minimum balance and "free banking"
  • Monthly interest on kwacha balances
Cons
  • No debit card or mobile banking
  • Group governance is still on you — the bank does not police the members
  • Interest rate is not published
Fees, eligibility & documents
Fees
Minimum balanceK100
Banking feesFree banking
Interest rateNot published — confirm with Zanaco
View at Zanaco

Zanaco Baby Blossom

A long-term children's savings plan from K100 a month with no monthly maintenance fee — for school fees you can see coming years out.
K100
Minimum Monthly
2–18 years
Term
0–16 at opening
Child Age
At maturity
Interest Paid
Pros
  • From K100 a month
  • Zero monthly maintenance fee
  • Terms from 2 to 18 years
Cons
  • Interest only paid at maturity
  • Long lock-in by design
  • Rate is not published
Fees, eligibility & documents
Fees
Minimum monthly instalmentK100
Monthly maintenance feeZero
Interest rateNot published — confirm with Zanaco
View at Zanaco

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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