BSN Term Deposit

Foster healthy money saving habits for those as young as 7 years old. Apply now for a joint or trust account and enjoy attractive investment returns.

  • You DepositDeposit PeriodEffective Interest Rate
    more than RM10001 month2.75% p.a.
    more than RM5003 months2.8% p.a.
    more than RM5006 months2.85% p.a.
    more than RM5009 months2.9% p.a.
    more than RM50012 months3.2% p.a.
    more than RM50015 to 60 months3.1% p.a.

Apply online now for BSN Term Deposit

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Fees & Charges

There are always fees but how much are they?

There are no fees associated with this product.


Are you eligible for this BSN Term Deposit?

Minimum age
7 years old
Open To
  • Malaysian residents
  • Non-residents with permanent Malaysian address

Frequently Asked Questions about BSN Term Deposit

Things you might want to know

Who can apply for BSN Term Deposit?

Any individuals aged 7 years old and above, Malaysian citizen or non-resident with a permanent address in Malaysia can apply for BSN Term Deposit. This fixed deposit account also opens to non-individuals with business enterprises operating in Malaysia.

All you need to prepare when applying for this fixed deposit account is a minimum deposit of RM1,000 for 1 month, or RM500 for 3 months and above.

How high is the interest rate?

The interest rate is based on your the amount of your fixed deposit and the period of placement. As you can see from the table above, the interest rate is higher when you invest the longest.

Can I withdraw my money before the tenure completed?

Effective from January 2019, when you withdraw the money in your fixed deposit account before its tenure completed, you are no longer receiving interest payment on the withdrawn amount.

In case the interest rate has been credited into your account prior to cash withdrawal, the bank will deduct some portion in your savings account to recover it.

It is highly encouraged that you keep the savings until it reaches maturity. The same terms and conditions applied when you renew your fixed deposit account.

Does BSN Term Deposit have auto renewal feature?

BSN Term Deposit comes with an auto renewal feature for up to 7 years. Your fixed deposit account will continue to invest in the same tenure and at the current prevailing rate at the time of renewal.

Is my money in this fixed deposit account safe?

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

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