When it comes to saving smartly, choosing the right account can make all the difference.
The JS PLS Savings Account, offered by JS Bank, combines competitive returns with a range of banking benefits that can help you grow your savings while enjoying convenience and flexibility.
Here are five strategies to make the most of your JS PLS account and maximize your savings.
1. Leverage Competitive Profit Rates
The JS PLS Savings Account is designed to encourage saving by offering competitive profit rates. These rates are not only attractive but are also disbursed every six months, allowing you to see consistent growth in your balance.
By maintaining a higher balance, you can take full advantage of the profit rates, which are compounded over time, leading to greater returns on your savings.
2. Maintain the Minimum Balance for Enhanced Benefits
To unlock additional benefits, aim to maintain a minimum monthly average balance of PKR 150,000. By doing so, you become eligible for services such as a waived annual fee on the Gold Debit Card and free locker facilities (subject to availability*), which can be a valuable asset if you have important documents or valuables to store.
Furthermore, maintaining this balance grants you access to enhanced banking services, making your savings experience even more rewarding.
3. Utilize Free Banking Services
One of the key advantages of the JS PLS Savings Account is the range of free services it offers, especially for those who meet the minimum balance requirements. Some of the free services include:
- E-statements, Mobile & Internet Banking: Manage your account effortlessly with digital tools, ensuring you’re always in control of your finances.
- Inter-city Clearing and Same Day Clearing: Transfer funds and process transactions with ease, without worrying about additional charges.
- Free Cheque Book and Counter Cheques: Enjoy free cheque issuance, making transactions more convenient.
By taking advantage of these services, you save on fees while making your banking more efficient and seamless.
4. Benefit from Value-Added Features
The JS PLS Savings Account offers value-added features that can enhance your banking experience while protecting your assets. For instance, you receive free insurance coverage on pay orders and demand drafts, ensuring your transactions are safeguarded.
Additionally, the account comes with a free first chequebook (up to 50 leaves) and the option for a small locker, subject to availability. These features add both convenience and security, giving you peace of mind while you save.
5. Maximize Returns Through Regular Savings
Consistency is key when it comes to maximizing your savings. The JS PLS Savings Account allows you to grow your wealth over time through regular deposits. By consistently adding to your savings and allowing your profits to compound, you can achieve your financial goals faster.
The account’s structure encourages you to save more regularly while offering the flexibility to access your funds when needed.
Conclusion
The JS PLS Savings Account by JS Bank is more than just a place to store your money—it’s a powerful tool for growing your savings while enjoying premium banking services. You can maximize your savings by leveraging competitive profit rates, maintaining the minimum balance, utilizing free services, and benefiting from value-added features.