Sspn Interest Rate 2018

The national higher education fund corporation ptptn today announced a 4 dividend for two savings products under its national education savings scheme namely sspn i and sspn i.

Sspn interest rate 2018. Stashing away a portion of your income each month allowing it to accumulate over time. It is a 55 61 increase compared to 2017 s total deposits of rm404 48 million. Sspn was introduced by the. Dec 2 2020 what is skim simpanan pendidikan nasional sspn.

According to the records of the past 10 years sspn i s payout ratio is about 4. For the sspn i plus launched on june 8 2015 the number of accounts is at 52 615 with total deposits of rm15 8 million and takaful protection benefits of up to 2 3 billion recorded as of end 2016. Ptptn will even help you in this effort with the sspn i plus account. The skim simpanan pendidikan nasional sspn or national education savings scheme is a savings plan specially designed by perbadanan tabung pendidikan tinggi nasional ptptn or the national higher education fund corporation to enable parents guardians to invest for their children s higher education.

What are the returns pros and cons. If you are looking for investments with higher returns and lower risks then you can consider sspn i. We re not saying that it can t be done. The national education savings scheme sspn a scheme designed by the national higher education fund corporation ptptn for parents to invest in their children s higher education successfully collected rm1 13 billion in deposits for the year 2018.

The national higher education fund corporation ptptn has announced that national education savings scheme sspn account holders will be receiving a 4 dividend this year. Sspn i with annual dividend at around 4 for your long term saving deposit national bank cut interest rates four times in seven months and the interest rate of fixed deposits is no longer attractive. On the other hand you can treat it like a proper savings account. Sspn national education savings scheme is a savings scheme for higher education launched in 2004.

Should i invest in sspn i previously known as sspn1m for my child s higher education. However sspn i plus is a plan that includes insurance and requires a monthly deposit and part of the deposit will be used as insurance premium. 03 2193 1263 e aduan. 03 2193 3000 faks.