Education Savings Fund (SSPN) is a government-run savings plan to encourage people to save, and SSPN depositors are entitled to many benefits such as deposit interest, insurance coverage, personal income tax rebate, death benefit, medical coverage, etc.
It is important to note that SSPN is divided into two plans, Simpan SSPN Prime and Simpan SSPN Plus. Simpan SSPN Prime are savings plans with free deposits and withdrawals, and Simpan SSPN Plus, which includes insurance and requires regular monthly deposits, a portion of which will be used as insurance premium.
If you are interested, you can open an account at your nearest PTPTN counter, or you can visit https://lovesspn.com/ to open an SSPN account.
SSPN has been paying an average of 4% interest for the past 10 years and the dividend is announced in February every year, so if you don’t know how to invest or don’t have time to invest, you can consider SSPN. Here is the dividend payout rate of SSPN for the past years.
SSPN’s dividend payout rate for the past years.
2008: 4.00%
2009: 2.50%
2010: 3.25%
2011: 3.75%
2012: 4.25%
2013: 4.25%
2014: 4.25%
2015: 4.00%
2016: 4.00%
2017: 4.00%
2018: 4.00%
2019: 4.00%
2020: 4.00%
