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Less Than K1,000 More Than K1,000 30 Days Tenure INTEREST RATES AND BANK CHARGES FOR PERSONAL ACCOUNTS AND OTHER RETAIL ACCOUNTS AS AT 30 SEPTEMBER 2016 AVERAGE INTEREST RATES ON DEPOSITS (EXPRESSED AS ANNUAL RATES) Savings Account (%) Time Deposits of K10,000 or above (%) SNo. BANK More than Less than K1,000 30 Days Tenure 60 Days Tenure 90 Days Tenure 180 Days Tenure 360 Days Tenure K1,000 upto 364 days 17%, 365 days and above 1 AB Bank Zambia Limited 20%, promotion rate 6.00 6.00 9.00 10.00 12.00 14.00 25% 2 Access Bank Zambia Limited 0.00 2.00 16.00 18.00 19.00 20.50 21.50 3 BancABC Zambia Limited 2.00 2.00 21.00 21.00 22.00 23.00 24.50 4 Bank of China Zambia Limited 0.00 0.00 0.10 0.10 0.10 0.20 0.30 5 Barclays Bank Zambia Plc 1.50 various 6.00 NIL 8.00 10.50 12.00 6 Cavmont Bank Limited 3.00 3.00 3.00 4.00 5.00 5.50 8.00 7 Citibank Zambia Limited NIL NIL Max. 14.20 Max. 14.43 Max. 17.22 Max. 19.27 Max. 20.49 8 Ecobank Zambia Limited 3.00 5.00 13.00 14.00 15.00 17.00 19.00 9 Finance Bank Zambia Limited 2.00 2.00 3.00 3.50 4.50 6.00 7.00 10 First Alliance Bank Zambia Limited 3.00 3.00 N/A N/A N/A 6.00 6.00 11 First Capital Bank Zambia Limited 3.00 3.00 12.00 14.00 16.00 18.00 20.00 12 First National Bank Zambia Limited 2.50 2.50 4.00 4.50 5.00 6.00 7.00 3.5% to 4% based on Indo-Zambia Bank Limited 13 Amount slabs 4.50 5.00 5.00 6.00 7.00 8.00 14 Intermarket Banking Limited 8.50 8.50 4.00 4.95 5.25 5.85 9.75 15 Investrust Bank Plc 3.00 3.00 5.00 7.00 8.00 9.50 10.50 16 Stanbic Bank Zambia Limited NIL 1.50 16.00 18.00 19.00 20.50 21.50 17 Standard Chartered Bank Zambia Plc 1.00 2.00 13.00 15.50 16.00 18.00 20.00 18 United Bank for Africa (Z) Limited 3.00 3.00 9.00 10.00 11.00 12.00 15.00 Zambia National Commercial Bank Plc 19 2.00 2.00 2.00 3.00 3.50 4.50 6.00 INTEREST RATES AND BANK CHARGES FOR PERSONAL ACCOUNTS AND OTHER RETAIL ACCOUNTS AS AT 30 SEPTEMBER 2016 LENDING INTEREST RATES (EXPRESSED AS ANNUAL RATES ) PERSONAL LOANS (%) MORTGAGE LOANS (%) LENDING TO SMEs (%) BOZ Policy Rate (BPR Salary Backed Other Loans SNo. BANK (%) Margin above Lending Interest Lending Interest Margin above BOZ Lending Interest Margin above BOZ Rate Margin above BOZ Rate Lending Interest Rate BOZ Rate Rate Rate Rate Rate 1 AB Bank Zambia Limited 15.50 7.20 22.70 NIL NIL NIL NIL 46.26 61.72 2 Access Bank Zambia Limited 15.50 24.50 40.00 24.50 40.00 14.50 30.00 21.50 37.00 3 BancABC Zambia Limited 15.50 19.50 35.00 19.50 35.30 NIL NIL 19.50 35.00 4 Bank of China Zambia Limited 15.50 0-15.50 16.00 0-15.50 16.00 0-15.50 16.00 0-15.50 16.00 5 Barclays Bank Zambia Plc 15.50 14.50 30.00 N/A N/A 9.00 24.50 NIL NIL 6 Cavmont Bank Limited 15.50 19.50 34.00 19.50 34.00 19.50 34.00 18.50 34.00 7 Citibank Zambia Limited 15.50 NIL NIL NIL NIL NIL NIL NIL NIL 8 Ecobank Zambia Limited 15.50 19.50 35.00 19.50 35.00 19.50 35.00 19.50 35.00 34.50 (BPR PLUS 19.00 (MAXIMUM 19.00 (MAXIMUM 34.50 (BPR PLUS 34.50 (BPR PLUS 9 Finance Bank Zambia Limited 15.50 MAXIMUM N/A N/A 19.00 (MAXIMUM MARGIN) MARGIN) MARGIN) MAXIMUM MARGIN) MAXIMUM MARGIN) MARGIN) 10 First Alliance Bank Zambia Limited 15.50 9.00 22.00 9.00 22.00 NIL NIL 9.00 22.00 11 First Capital Bank Zambia Limited 15.50 22.00 37.50 -6.00 31.50 NIL NIL 22.00 37.50 12 First National Bank Zambia Limited 15.50 8.75 20.50 NIL NIL 6.40 16.00 11.00 20.50 13 Indo-Zambia Bank Limited 15.50 16.50 32.00 16.50 32.00 16.50 32.00 15.00 31.00 14 Intermarket Banking Limited 15.50 24.00 39.50 24.00 39.50 24.00 39.50 24.00 39.50 15 Investrust Bank Plc 15.50 25.00 40.00 25.00 40.00 N/A N/A 25.00 40.00 16 Stanbic Bank Zambia Limited 15.50 24.50 40.00 24.50 40.00 14.50 30.00 21.50 37.00 17 Standard Chartered Bank Zambia Plc 15.50 16.50 32.00 NIL NIL 12.00 27.50 14.50 30.00 18 United Bank for Africa (Z) Limited 15.50 6.50 22.00 NIL NIL 3.50 19.00 5.50 21.00 19 Zambia National Commercial Bank Plc 15.50 18.50 34.00 19.90 35.40 15.50 31.00 18.40 33.90 INTEREST RATES AND BANK CHARGES FOR PERSONAL ACCOUNTS AND OTHER RETAIL ACCOUNTS AS AT 30 SEPTEMBER 2016 MONTHLY MAINTENANCE FEES, MINIMUM BALANCE AND PENALTY FEES FOR BALANCES BELOW MINIMUM & OVERDRAWN ACCOUNT MONTHLY MAINTENANCE FEES (ZMW) PENALTY FEES FOR BALANCES BELOW MINIMUM OVERDRAWN MINIMUM BALANCE (ZMW) Current Account Savings Account (ZMW) ACCOUNT % SNo. BANK High-end Market Basic Type Basic Type High-end Market Type Basic Type High-end Market Type Basic Type High-end Market Type Interest charge (%) Type 1 AB Bank Zambia Limited NIL NIL NIL NIL NIL NIL NIL NIL NIL 2 Access Bank Zambia Limited 57.00 275.00 2.00 19.00 60.00 NIL NIL NIL BPR+15.50 3 BancABC Zambia Limited 40.00 N/A 20.00 N/A 50.00 N/A N/A N/A 3.10 4 Bank of China Zambia Limited 25.00 25.00 25.00 25.00 500.00 500.00 75.00 75.00 NIL 5 Barclays Bank Zambia Plc 55.00 300.00 NIL NIL 500.00 200,000.00 5.00 PER DAY 5.00 PER DAY 25.00 6 Cavmont Bank Limited 70.00 100.00 35.00 80.00 30.00 2,000.00 30.00 30.00 35.00 Min BPR 15.5% plus 11%, 7 Citibank Zambia Limited NIL NIL NIL NIL N/A N/A N/A N/A Max BPR plus margin of 16.5% 8 Ecobank Zambia Limited 50.00 200.00 15.00 0.00 50.00 1,000.00 NIL NIL Policy Rate + margin 9 Finance Bank Zambia Limited NIL NIL 20.00 N/A 50.00 1,000.00 20.00 100.00 34.50 ZMW 25.00 PER MONTH WHERE MIN BAL OF USD 10 First Alliance Bank Zambia Limited N/A N/A N/A 250.00 NIL 15.00 NIL NIL 1,000 IS NOT MAINTAINED. 11 First Capital Bank Zambia Limited 75.00 100.00 20.00 35.00 NIL 5,000.00 NIL 100.00 38.00 12 First National Bank Zambia Limited 22.50 110.00 12.00 NIL 50.00 NIL NIL NIL MPC +9.75% 13.00 Indo-Zambia Bank Limited 60.00 NIL 5.00 25.00 40.00 500.00 25.00 75.00 30.00 14 Intermarket Banking Limited 150.00 150.00 25.00 25.00 20.00 1,000.00 25.00 120.00 12.00 15 Investrust Bank Plc 100.00 N/A 30.00 N/A 30.00 NIL 20.00 N/A 18.25 16 Stanbic Bank Zambia Limited 57.00 275.00 2.00 19.00 60.00 NIL NIL NIL BPR +15.50 5 30% FOR INDIVIDUAL & SAVINGS 1,500.00 17 Standard Chartered Bank Zambia Plc 50.00 60.00 50.00 50.00 500.00 50.00 50.00 30% FOR NON CURRENT 500.00 INDIVIDUAL 18 United Bank for Africa (Z) Limited 30.00 55.00 5.00 10.00 20.00 7,500.00 NIL NIL NIL BOZ Policy rate + margin, 50.00 Personal, 750.00 for Personal, 19 Zambia National Commercial Bank Plc 5.00 40.00 12.00 40.00 15.00 Personal 35.00 Personal & 50.00 SME USD Base rate + margin 500.00 SME 1,200.00 for SME for Personal & SME INTEREST RATES AND BANK CHARGES FOR PERSONAL ACCOUNTS AND OTHER RETAIL ACCOUNTS AS AT 30 SEPTEMBER 2016 WITHDRAWAL, ATM AND DEPOSIT, BALANCE INQUIRIES AND OVERDRWAWN ACCOUNT CHARGES WITHDRAWAL (ZMW) DEPOSIT (ZMW) GENERAL CHARGES (ZMW) ATM Per Transaction Cash Cheque Balance Inquires SNo. BANK Over the counter Other Bank's Mobile Own Bank Other banks Own Bank International Over The Counter Other Banks Over the Counter Own Bank's ATM ATM Banking 0.20%, 4 Withdraws on 1 AB Bank Zambia Limited Saving Acc free NIL NIL NIL NIL NIL 30.00 NIL NIL NIL NIL 0.00 (77.00 - within ATM 2 Access Bank Zambia Limited limit) 6.00 10.00 15.00 NIL NIL NIL 15.00 NIL NIL NIL 3 BancABC Zambia Limited 20.00 5.00 5.00 1% OF TRXN N/A N/A N/A 1.50 1.50 NIL N/A 0.05% if amount 4 more than Bank of China Zambia Limited N/A N/A N/A N/A 200,000.00 NIL NIL NIL NIL NIL NIL 5 Barclays Bank Zambia Plc 50.00 5.00 7.00 20.00 NIL NIL NIL NIL NIL NIL NIL 6 Cavmont Bank Limited 20.00 5.00 10.00 10.00 NIL NIL NIL NIL 0.50 0.50 NIL FCY only 1.5% min 7 Citibank Zambia Limited USD15.00 NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL 8 Ecobank Zambia Limited 58.00 2.00 9.00 11.00 NIL NIL NIL NIL 1.20 2.50 1.20 BUREAUS 0.2%; OTHERS NIL FOR 9 Finance Bank Zambia Limited AMOUNTS UP TO 150,000.00; ABOVE 30.00 7.00 7.00 10.00 150,000.00 = 150.00 NIL NIL 15.00 3.00 NIL NIL 10 First Alliance Bank Zambia Limited NIL N/A N/A N/A NIL NIL NIL NIL NIL NIL NIL 11 First Capital Bank Zambia Limited 10.00 3.00 NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL UP TO 5,000 12 First National Bank Zambia Limited THEREAFTER 0.25% 100.00 7.00 18.00 30.00 OF VALUE NIL NIL 10.00 NIL 5.00 NIL NIL UPTO 50,000 (3.00 PER 5,000.00 13 Indo-Zambia Bank Limited OR PART THEREOF 30.00 5.00 12.00 25.00 MAX 150.00) NIL NIL NIL NIL 3.00 NIL 14 Intermarket Banking Limited 20.00 3.50 4.50 NIL NIL NIL NIL NIL NIL NIL NIL 15 Investrust Bank Plc 40.00 8.00 15.00 25.00 100.00 N/A N/A 2.00 7.00 5.00 2.00 0.0 (77.00 - WITHIN ATM 16 Stanbic Bank Zambia Limited LIMIT) 6.00 10.00 15.00 NIL NIL NIL 15.00 NIL NIL NIL 17 Standard Chartered Bank Zambia Plc 100.00 8.00 NIL 25.00 NIL NIL NIL NIL N/A NIL NIL 18 United Bank for Africa (Z) Limited NIL 3.00 13.00 15.00 NIL NIL NIL NIL NIL NIL N/A 50.00 for Personal, SME Savings & Savers monthly 4 free withdrawal 50.00 for extra withdrawals; 15.00 + 1.5% , max 10.00 for Excessive encashment of 6.50 for Personal; NIL for Personal & 10.00 for personal; 3.00 2.00 for 19 Zambia National Commercial Bank Plc NIL 50.00 for Personal and NIL for Personal & SME 2.00 for Personal and SME 3.50 for Personal and SME Personal, free for 25,000.00 and above = 9.00 for SME SME for SME Personal SME SME 250.00 plus 0.2% for amount above 25,000.00 plus VAT for both Personal & SME INTEREST RATES AND BANK CHARGES FOR PERSONAL ACCOUNTS AND OTHER RETAIL ACCOUNTS AS AT 30 SEPTEMBER 2016 FUNDS TRANSFERS INTERNET AND TELEPHONE BANKING (Amounts in ZMW unless stated otherwise) FUNDS TRANSFERS (ZMW) INTERNET BANKING (ZMW) TELEPHONE BANKING (ZMW) Electronic SNo.
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