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 month3.15% p.a.
    more than RM5003 months3.15% p.a.
    more than RM5006 months3.2% p.a.
    more than RM5009 months3.25% p.a.
    more than RM50012 months3.35% p.a.
    more than RM50015 months3.45% p.a.
    more than RM50018 months3.5% p.a.
    more than RM50024 to 36 months3.45% p.a.
    more than RM50048 months3.55% p.a.
    more than RM50060 months3.75% 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

What do I need to know about BSN Term Deposit?

BSN have made available this investment account to all Malaysians and permanent residents over the age of 7 years - it's the perfect vehicle to save for your child's education fees.

You will be given the option to open a Joint or Trust account, allowing you to earn attractive interest returns up to 3.75% p.a. with deposit periods stretching out to a maximum of 60 months.

Can I withdraw my Term Deposit before maturity?

Yes, but you may run into the risk of only receiving 50% of the potential profits you can receive if you wait until maturity.

However, if you decide to withdraw within 1 month from the activation date, you won't be entitled to any profits.

Can I renew once my term deposit reaches maturity?

After completion of the deposit tenure, your BSN Term Deposit placement will be automatically renewed at BSN’s prevailing board rates.

How do I receive my interest earnings?

You can opt for either one of the following methods:

  • cash
  • cash credited straight into your Giro Account
  • fund transfer via IBG

Is this Term Deposit account insured by PIDM?

No. Instead, your deposit is 100% guaranteed by the government under the Bank Simpanan Nasional Act.

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