The latest dividend from SSPN will be announced soon!
The National Education Savings Scheme (SSPN) is a government-sponsored savings plan designed to encourage people to save for their future education. Depositors of the SSPN will be eligible for a variety of benefits, including interest, insurance coverage, personal income tax rebates, death benefits, medical care, and more.
Every year in February, SSPN announces the most recent dividend data, and the interest is sent to the saver’s account shortly after the dividend is announced. The total amount of interest earned by users can be viewed.
For the previous few years, SSPN has paid 4% interest. In these era of low interest rates, getting 4% interest isn’t bad. Furthermore, SSPN is a low-risk investing opportunity. To earn interest the following year, people only need to deposit money in SSPN.
According to a statement made by the National Higher Education Fund Corporation (PTPTN) in January, the National Education Savings Scheme (SSPN) collected RM3.01 billion in deposits in 2021, which is 167.08 percent more than the previous objective of RM1.8 billion.
SSPN received the most deposits in three years in 2021, with 1.99 billion in 2020, 1.37 billion in 2019, and 1.14 billion in 2018.
SSPN had accumulated deposits of RM10.88 billion as of December 31, 2021, with the RM3.01 billion deposits received last year accounting for 27.63 percent of the total deposits received by SSPN since its inception in 2004.
In 2021, SSPN added 421,281 new accounts, up from 400,000 in the previous year. SSPN had 5.24 million total deposit accounts as of December 31, 2021.
If you’re new to SSPN, you should be aware that the service is divided into two plans: Simpan SSPN Prime and Simpan SSPN Plus.
Simpan SSPN Prime is a savings account that allows depositors to freely deposit and withdraw funds. Simpan SSPN Prime has the advantage of allowing consumers to deposit according to their financial means. You can choose not to deposit for the time being if money is short this month. You have the option of making a deposit next month when you have extra money.
A monthly deposit is required for Simpan SSPN Plus, which is an insurance-inclusive plan, and a portion of the deposit will be utilised as the insurance payment.
SSPN can be browsed by friends who are interested in creating an account.
