• BSN Fixed Deposit Rates

    BSN  Fixed Deposit

    The government owned Bank Simpanan Nasional or BSN was formed with the intention of improving the life quality of Malay citizens. Keeping in mind, the vast population of the country, BSN offers fixed deposit schemes from children to senior citizens. The starting age for a fixed deposit is with BSN is 7 years old, at the time the fixed deposit is started. Since these schemes are backed by the Malaysian Government, it is guaranteed, low risk, investment scheme.

    Types of BSN Fixed Deposits

    1. CM-Deposit - i - This deposit is designed to be in accordance with the syariah principle of Tawarruq / COMMODITY MURABAHAH. Keeping in tune with these principle the deposit will help in planning your financial planning. There is available CM-Deposit - i Senior Citizens Deposit option, which will help you have security in the latter of your life.
    2. BSN Fixed Deposit - This fixed deposit is available to all citizens of Malaysia, who hold a permanent address. The minimum age required for this deposit is 7 years old. The deposit offers, depositors the opportunity to earn interest on the money held in the fixed deposit. It can be opened by an individual, multiple individuals together or even by a trust.
    3. BSN Senior Citizen Fixed Deposit Account - With this deposit scheme, you can ensure your retirement is taken care of. This is available for Malaysian citizens who are aged 50 years and above, and even earns higher returns.

    Features of the BSN Fixed Deposit

    BSN Fixed Deposit :

    The features and benefits of this fixed deposit are:

    1. The fixed deposit provides you with attractive returns, and zero risk.
    2. You can choose the returns payment options, through either cash, fund transfer, or a credit made into your GIRO account.
    3. The minimum required amount to open this kind of deposit is RM 500, for a minimum tenure of 3 months.
    4. Corporate accounts will have a minimum amount of RM 1,000, for any tenure chosen.

    CM-Deposit – i:

    Features and benefits for this fixed deposit is:

    1. This deposit is a Tawarruq / Commodity Murabahah way of building a financial future. It is also a savings account.
    2. Deposits made can be done via, cheque or cash.
    3. The minimum amount as an initial deposit is RM 1,000, if the deposit tenure is 1 month. However, if the tenure chosen is a period of 3 months or more, the minimum amount required will be RM 500.

    BSN Senior Citizen Fixed Deposit Account:

    Benefits and features are:

    1. This scheme can be opted for individually or in a joint account.
    2. The senior citizen who holds this deposit, can opt to take a loan with the deposit as collateral. The loans he or she can apply for are:
      • Personal loan
      • Hire and Purchase loan
      • Mortgage
      • Microfinance
      • Credit Cards.
    3. You get to choose the tenure for this deposit, and the choice is from 12, 15, 18, 24, 36, 48 and 60 months.
    4. The interest will be calculated on a daily basis, but payouts of this amount will be once in 4 months.
    5. The minimum amount required to be made initially is RM 5,000

    BSN FD Rates

    BSN Senior Citizen Fixed Deposit interest rates:

    Tenure Amount Rate of Interest
    12 months

    RM 5,000 - RM 50,000

    above RM 50, 000

    3.40%

    3.45%

    15 months

    RM 5,000 - RM 50,000

    above RM 50, 000

    3.50%

    3.55%

    18 months

    RM 5,000 - RM 50,000

    above RM 50, 000

    3.55%

    3.60%

    24 months

    RM 5,000 - RM 50,000

    above RM 50, 000

    3.60%

    3.65%

    36 months

    RM 5,000 - RM 50,000

    above RM 50, 000

    3.65%

    3.70%

    48 months

    RM 5,000 - RM 50,000

    above RM 50, 000

    3.70%

    3.75%

    60 months

    RM 5,000 - RM 50,000

    above RM 50, 000

    3.95%

    4.00%

    BSN Fixed Deposit Interest Rates

    Tenure Rate of Interest
    1 - 6 months 3.15% - 3.20%
    9 - 15 months 3.25% - 3.45%
    18 months 3.50%
    24 - 36 months 3.45%
    48 - 60 months 3.55% - 3.75%

    The interest you earn with the CM-Deposit – i

    Tenure Rate of Interest
    1 - 6 months 3.15% - 3.20%
    9 - 15 months 3.25% - 3.45%
    18 months 3.50%
    24 - 36 months 3.45%
    48 - 60 months 3.55% - 3.75%

    For the senior citizens CM-Deposit – i:

    Tenure Amount Rate of Interest
    12 months

    RM 5,000 - RM 50,000

    above RM 50, 000

    3.40%

    3.45%

    15 months

    RM 5,000 - RM 50,000

    above RM 50, 000

    3.50%

    3.55%

    18 months

    RM 5,000 - RM 50,000

    above RM 50, 000

    3.55%

    3.60%

    24 months

    RM 5,000 - RM 50,000

    above RM 50, 000

    3.60%

    3.65%

    36 months

    RM 5,000 - RM 50,000

    above RM 50, 000

    3.65%

    3.70%

    48 months

    RM 5,000 - RM 50,000

    above RM 50, 000

    3.70%

    3.75%

    60 months

    RM 5,000 - RM 50,000

    above RM 50, 000

    3.95%

    4.00%

    FAQs for BSN FD

    Q. What is the minimum amount to be deposited under these schemes?

    For the fixed deposit schemes offered the minimum amount is RM 1, 000 if the tenure chosen is 1 month. If he tenure chosen is 3, 6, 9, 12, 15, 18, 24, 36, 48 or 60 months the minimum amount is RM 500.

    Q. Is there a loan facility available with the fixed deposit schemes?

    There is loan facility available with the Senior Citizens Fixed Deposit Account, wherein the fixed deposit can be used as collateral while applying for either Personal loan, Hire and Purchase loan, Mortgage, Microfinance, or Credit Cards.

    Other Products offered by BSN:

    Apart from offering Fixed Deposit,BSN offers other products and services which include:

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