Sunday, 18 November 2018,   08 Rabiulawal 1440H

Personal Banking

Home Personal Banking Deposits > BSN SEDAR 
 

Important Notes:

BSN SEDAR new account opening and advance payment will be temporarily unavailable with immediate effect until further notice.

 


BSN SEDAR 

 

A better financial future begins with BSN SEDAR, a 24-month contract that offers greater returns and bonuses of up to 30% on interest earned. Start now, with a minimum savings of RM50.00.


Features & Benefits

» Fixed and attractive returns.
» Minimum opening amount for savings is only RM50. You will need to choose a monthly savings amount to be credited every month into your SEDAR Account until the 24-month contract expires.
» Monthly savings must be credited to your SEDAR Account within the first seven (7) days of each month to be entitled for the interest rate for the said month. Interest will be calculated based on the minimum monthly balance and it will be credited annually on the anniversary of account opening.
» Savings can be performed via Salary Deduction, Standing Instruction or at BSN Counters.
» Withdrawals are not permitted within the 24-months contract.
   
   

Types of Account

» Individual Account
» Joint Account 
   

 Notes: 

» BSN SEDAR is open to all individuals aged 18 and above.
» Accounts can be opened at any BSN Branch.
» Government Employees and private organisations may contact the nearest BSN Branch to open account, in groups.
» Customers can own more than one SEDAR Account.
   

Interest Rates & Bonus

(Effective 8 May 2009)

Savings PeriodAnnual Interest Rate (p.a)Bonus
First Year (12 months) 2.5% 15% on interest earned
Second Year (24 months) 2.5% 30% on interest earned
Subsequent Years 2.5% 30% on interest earned

 Notes: 

» Interest and bonus will be credited to your SEDAR Account after 12 months and 24 months.
» Once your 24-month contract expires, you are not allowed to continue your savings in SEDAR Account. To continue enjoying SEDAR Account rates, you will need to open a new account.
   
View all banking Rates & Charges.