SSPN announces 3% Dividend.
The Chairman of the National Tertiary Education Fund (PTPTN) announced the latest dividend payout rate for SSPN at a press conference on February 22 at 2.30pm, which means that a 3% dividend will be paid out to depositors.
The total amount of Dividend paid out by SSPN is RM206 million and 5.24 million depositors will receive the Dividend.
According to the National Higher Education Fund (PTPTN), SSPN’s 3% Dividend is still competitive when compared to fixed deposits.
The National Education Savings Plan (SSPN) is a government savings plan to encourage people to save and SSPN depositors will enjoy many benefits such as deposit interest, insurance coverage, personal income tax rebate, death benefit, medical coverage, etc.
If you are new to SSPN, you should pay special attention to the fact that there are two types of SSPN plans, namely Simpan SSPN Prime and Simpan SSPN Plus.
Simpan SSPN Prime is a savings plan where depositors are free to make deposits and withdrawals, and one of the benefits of Simpan SSPN Prime is that you can make deposits according to your financial ability. If you are tight this month, you can choose not to make a deposit for now. Next month, you can choose to make a deposit when you have a looser hand.
As for Simpan SSPN Plus, it is a plan that includes insurance and requires regular monthly deposits, a portion of which will be used as insurance premium.
