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.

BSN Term Deposit
Min. Deposit
Daily Interest
Early Withdrawal

Fixed Deposit Calculator

Interest Rate

What you earn based on the amount that you have in your account

You DepositDeposit PeriodEffective Interest Rate
min. RM1,0001 month2.75% p.a.
min. RM5003 months3.05% p.a.
min. RM5006 months3.1% p.a.
min. RM5009 months3.15% p.a.
min. RM50012 to 60 months3.35% p.a.

Fees & Charges

Lost of Fixed Deposit Certificate
  • RM5 Service Charge
Additional Statement Request
RM1 per document


Minimum Age
  • 7 years old
Who can apply
  • Malaysians
  • Non-residents with permanent Malaysian address
  • Business enterprises operating in Malaysia

More Information

Who can apply for BSN Term Deposit?

Any individuals aged 7 years old and above, Malaysian citizens or non-residents with a permanent address in Malaysia can apply for BSN Term Deposit. 

This fixed deposit account is also open 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 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 is completed?

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money in your fixed deposit account before its tenure is completed, you are no longer receiving interest payment on the withdrawn amount.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

Search Icon

Get the financial support you need


We’ll guide you through your application for this financial product