Contractual savings are specialised savings options that help you to save and work towards your financial goals. It involves entering into an agreement where you commit to regular deposits for a fixed period, ensuring disciplined savings and attractive returns.
Do it so you can:
- Save for a year or more
- Save small portions at a time
- Develop a habit of saving
- Save for a house, education, retirement or special occasions
- Develop a habit of thrift
- Have peace of mind knowing your savings are safe and earning tax-free interest
Choose from our long-term contractual savings options:
JN Partna Plan
A contractual Jamaican savings account to help you save over short specified periods of time.
There are two ways to open this account. You can provide just your TRN and ID* to open a Redi Savings JN Partna Plan or you can provide the requirements listed to open the standard account.
JN High Yield Account
A contractual savings account with the flexibility to save in Jamaican, US, Canadian, Pounds Sterling and earn higher interest