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SSPN as an alternative deposit platform.

22/05/2022

With all the news about bank account theft, are you also looking for a second platform to deposit your money to spread the risk? You may want to consider SSPN.

SSPN depositors will enjoy many benefits such as interest on deposits, insurance cover, personal income tax refund, death benefit, medical cover and more.

SSPNs can be deposited and withdrawn at any time without any fees or charges. When a withdrawal from the SSPN is requested, the money will only be transferred to a bank account in the same name as the user, so there is no need to worry about theft of the deposit.

However, it is important to note that withdrawals from SSPN can take up to a week, so it is only recommended that you deposit money into SSPN that you do not need in the short term.

There are two types of SSPN plans, Simpan SSPN Prime and Simpan SSPN Plus.

1. Simpan SSPN Prime

Simpan SSPN Prime is a savings plan that allows savers to make deposits and withdrawals at their own discretion. One of the benefits of Simpan SSPN Prime is that you can make deposits according to your ability. If you are short of cash this month, you can choose not to make a deposit for a while. Next month, when you have less money, you can choose to make a deposit.

2. Simpan SSPN Plus

As for Simpan SSPN Plus, it is an insurance-inclusive plan that requires a regular monthly deposit, a portion of which will be used as an insurance premium. Depositing with Simpan SSPN Plus is not recommended as it requires a specific amount of money to be deposited each month, a portion of which will be used to pay the premium.

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