BSN Term Deposit-i Senior Citizen

Your EPF will be enough for retirement? Apply for a PIDM protected Islamic investment with high profit rate and long placement periods.

    • RM5000 minimum deposit
    • Islamic
    • Early withdrawal allowed
  • You DepositDeposit PeriodEffective Profit Rate
    RM5000 - 5000012 months3.4% p.a.
    RM5000 - 5000015 months3.5% p.a.
    RM5000 - 5000018 months3.55% p.a.
    RM5000 - 5000024 months3.6% p.a.
    RM5000 - 5000036 months3.65% p.a.
    RM5000 - 5000048 months3.7% p.a.
    RM5000 - 5000060 months3.95% p.a.

Apply online now for BSN Term Deposit-i Senior Citizen

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Fees & Charges

There are always fees but how much are they?

Lost of Fixed Deposit certificate
  • RM5.30 Service Charge

*inclusive of 6% GST


Are you eligible for this BSN Term Deposit-i Senior Citizen?

Minimum age
50 years old
Savings Account required

Frequently Asked Questions about BSN Term Deposit-i Senior Citizen

Things you might want to know

What's great about the BSN Term Deposit-i Senior Citizen?

The first thing you might notice is that is an Islamic investment account made especially for senior citizens. This Islamic deposit account is based on the Syariah principle of Tawarruq, also known as Commodity Murabahah, and you will be paid profit on a deferred basis throughout your placement period.

Who can apply this Commodity Murabahah investment?

As long as you are 50 years and above, you will be eligible to enjoy the benefits from this Islamic investment account. All Malaysian residents are welcomed to apply.

How much do I need to start investing?

For this Islamic deposit account, the minimum deposit is RM5,000. You can choose placement periods from 12, 15, 18, 24, 36, 48 and 60 months. However, before you can start to invest, you need to open a savings account with BSN. You can do this at any BSN branch nearest to you.

How much profit can I earn?

The profit rate is based on your investment amount and investment period. For BSN Term Deposit-i Senior Citizen, the profit rate is higher the longer you invest.

Can I make any cash withdrawals?

This investment account is for you to earn high profit, and discourages you from making withdrawals. You may be able to take out cash, but your profit may be kept by the bank as a penalty. Make sure you have enough savings in your regular checking account before parking your cash in the BSN Term Deposit-i Senior Citizen.

When can I receive the profit from BSN?

BSN will credit the profit every 4 months to your BSN GIRO-i Savings Account-i. For placements above RM50000, you will receive the profit monthly, credited into your savings account.

Is it safe to invest my money?

Yes, it is. This term deposit account is guaranteed by the Malaysian government and PIDM. You will be protected for up to RM250,000 per person.

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