The time deposit discount launched by BSN also has an effective interest rate of 3.85% p.a.
National Savings Bank (BSN) launched the Term Deposit-i with BSN SSP Platinum Campaign, which requires users to divide their money into two parts, depositing 70% and 30% respectively into time deposits and SSP Platinum.
Money deposited into time deposits can enjoy a preferential interest rate of 5.50% p.a., while money deposited into SSP Platinum can only enjoy a preferential interest rate of 0.01% p.a. Calculated in this way, the final effective interest rate (Effective Rate) is 3.85% p.a., which is also much higher than the interest rates of other banks.
The requirement for this offer is a 6-month deposit and a minimum deposit of RM5,000. Interested parties can go to the nearby BSN bank to inquire and deposit.
BSN Term Deposit-i with BSN SSP Platinum Campaign
Dates: May 1 – June 30, 2024
Interest rate: 5.50%p.a.
Effective interest rate: 3.85%p.a.
Minimum deposit amount: RM5,000
Conditions: The funds need to be divided into 2 parts. 70% of the funds are deposited in time deposits and 30% in BSN SSP Platinum. Time deposits can enjoy 5.50%p.a., but after deducting the 30% BSN SSP Platinum payment, the effective interest rate is only 3.85%p.a. It needs to be deposited through the bank counter.
