Top Banks in Pakistan for Savings Account 2025

Introduction: Looking for a Safe Place to Save Money in Pakistan?

Saving money is important. Whether it’s for school, a future plan, or just to be safe—everyone needs a place to keep their money secure. And in Pakistan, a savings account is one of the best ways to do that.

But here’s the big question: Which bank is the best for opening a savings account in Pakistan?

With so many options out there, it can feel confusing. That’s why we’ve created this easy-to-follow guide. We’ll walk you through the top banks in Pakistan for savings accounts, what they offer, and how to choose the one that’s best for you.

Let’s dive in.

What Is a Savings Account?

A savings account is a simple bank account where you deposit money and earn some profit (or interest) over time. The more you save, the more you earn.

With a savings account, you can:

• Keep your money safe

• Withdraw anytime

• Get a profit each month

• Use online and mobile banking

Things to Look for in a Good Savings Account

Before opening an account, check for these features:

• Profit rate (how much money the bank gives you in return)

• Minimum balance requirement

• No hidden charges

• ATM and online access

• Easy to open and manage

Now, let’s explore the top savings accounts in Pakistan.

Best Banks in Pakistan for Savings Account (2025)

Here are the top 7 banks that offer great savings accounts in Pakistan:

1. Meezan Bank – Meezan Bachat Account

Why it’s great:
Meezan Bank is Pakistan’s largest Islamic bank. Their Bachat Account follows Shariah rules and gives halal profit.

Key Features:

• Profit rate: Around 6.50% per annum

• No monthly fee

• Free internet and mobile banking

• Easy account opening with CNIC

• Profit paid monthly

Best for: People who want interest-free Islamic banking

2. HBL – PLS Savings Account

HBL (Habib Bank Limited) is one of the oldest and most trusted banks in Pakistan.

Why people choose it:

• Wide branch and ATM network

• User-friendly mobile app

• Profit rate: 5.5% to 7% depending on balance

Extra Benefits:

• Free debit card

• SMS alerts

• Internet banking

Best for: Anyone looking for a reliable bank with strong digital services

3. UBL – UBL Mahana Amdani Account

UBL (United Bank Limited) offers smart savings options with monthly profit.

Top Features:

• Monthly profit payout

• Competitive profit rates

• Online banking and app access

• Free e-statements

Good for: People who want regular monthly profit on their savings

4. MCB – MCB Saving Account

MCB is a well-established private bank with a strong reputation.

Account Highlights:

• Profit rate: Varies from 5% to 6.5%

• SMS banking

• Wide branch access

• Instant ATM card

Perfect for: Customers who want quick banking services and good support

5. Bank Alfalah – Alfa Savings Account

Bank Alfalah is known for fast banking and a great mobile app.

Why we recommend it:

• High profit on larger balances

• Excellent mobile app (Alfa App)

• Free online banking

• ATM withdrawal nationwide

Best for: Young people who prefer digital banking experience

6. National Bank of Pakistan (NBP) – PLS Savings

As the government’s main bank, NBP is trusted and widely available across Pakistan.

Key Benefits:

• Profit rate: Set by State Bank of Pakistan

• Safe and secure

• Available even in remote areas

• No major service fee

Great for: People in rural or less-developed areas looking for security

7. Askari Bank – Askari Asaan Account

Askari Bank offers simple accounts with low balance requirements.

Why choose it:

• Easy to open with just CNIC

• Profit offered on low balances

• Free debit card

• Fast SMS alerts

Best for: Students, housewives, and first-time account holders

Which Bank Should You Choose?

Here’s a quick comparison to help you decide:

How to Open a Savings Account in Pakistan (Step-by-Step)

Opening a savings account is very simple. Follow these 5 easy steps:

Step 1: Choose Your Bank

Pick the bank that fits your needs (use the table above to compare).

Step 2: Visit the Nearest Branch or Apply Online

Many banks now offer online account opening through mobile apps.

Step 3: Bring Required Documents

You’ll need:

• CNIC (original and copy)

• Proof of income (optional for some accounts)

• Passport-size photo

Step 4: Fill the Form

Fill the account opening form with personal and contact details.

Step 5: Deposit Initial Amount

Some banks need a small deposit (like Rs. 100 or Rs. 1,000) to start.

That’s it! Your new account will be ready in a few days.

Benefits of Having a Savings Account

• Keeps your money safe

• You earn profit without risk

• Easy to manage and withdraw

• Helps with budgeting and saving habits

• Useful for future loan or visa applications

Also Read: How to Apply for Student Loan in Pakistan

Tips for Smart Saving

• Deposit a fixed amount every month

• Don’t withdraw often

• Track profit through online banking

• Upgrade to high-profit savings options when you can

Conclusion

There are many great banks in Pakistan for savings accounts. Whether you want Islamic banking, monthly profit, or easy access, there’s an option for everyone.

Our top picks for 2025 include Meezan Bank, HBL, UBL, and Bank Alfalah. Each bank offers something unique, so choose based on your needs.

Open your savings account today and take the first step toward a secure financial future.

FAQs

1. Which bank gives the highest profit on a savings account in Pakistan?

Profit rates change often, but Meezan Bank and HBL usually offer competitive returns. Check with your branch for the latest rates.

2. Can I open a savings account without a job?

Yes! Many banks allow you to open an account with just your CNIC, especially Askari Bank and Meezan’s Asaan accounts.

3. Is my money safe in a Pakistani bank?

Yes. Banks in Pakistan are regulated by the State Bank, which ensures safety and transparency.

4. How often is profit paid?

Most banks pay profit monthly or quarterly, depending on your account type.

5. Can I open a savings account online?

Yes. HBL, Bank Alfalah, UBL, and Meezan Bank offer online account opening through mobile apps and websites.