What is the BSN Term Deposit Senior Citizen?
The name of this term deposit account says it all, it's an investment created especially for seniors aged over 50 years. Besides earning a higher interest rate than a conventional savings account you'll get to enjoy value added benefits as well.
BSN Term Deposit Senior Citizen can be in a single name or opened as a joint account. Minimum deposit is RM5000 and you can place your investment for anything from one to five years.
You must have a BSN Giro Account to use this Term Deposit product.
What added benefits do I get with this BSN Term Deposit Senior Citizen?
BSN lets you use the Term Deposit certificate as a security for selected loans, such as Personal Loans, Credit Cards, Home Mortgage and Hire Purchase.
If you deposit more than RM 50000, the bank will increase your interest rate by 0.05%
Profits from your investment are paid into your BSN Giro account every month.
Is this a safe deposit?
Yes. This term deposit is a low risk investment that helps you increase your savings slowly but surely, while you get ready for retirement. It's also guaranteed by Malaysian Government under the Development of Financial Institution Act (DAFIA).