No, the 1% is neither annualised nor is it a dividend. It is the exact percentage of your deposit amount, which in this case is RM10k x 1% = RM100. As simple as that.

It is up to you whether you want to annualise that yield amount based on when you make the deposit and withdrawal.

Most 'efficient' way is to deposit end of July, withdraw as soon as the 'tempoh pengekalan' finishes. Effective annual rate calculated in a previous post, but you're not going to get that sort of rate anywhere else with guaranteed capital.

Some will consider it too much hassle, of course, so up to individual. I'm planning a significant amount.

i try to understand the GK  as well..
if i save RM1K during that time period, the additional 1% will only apply to RM1k that i save or apply to the whole saving i have inside?

so, the 1% extra will only receive during next year dividend announcement?

Hi I have a newborn this year. Plan to create a new SSPN account for him to start saving for education fund + reduce tax. For first time registration, what do I need to bring? I can only register via walk in right?

Appreciate the advice upfront. Thanks.

hi what is the link for the ganjaran kesetiaan?

The 1% loyalty bonus it is effectively 6% per annum in extra dividend, because your funds only need to stay in your SSPN Prime account for two months—from August to September 2025. You can withdraw the deposited funds from October 2025 onwards.

During that time, the deposited funds will also earn the regular dividend, which was 4.05% per annum in 2024. In short, your effective return is likely around 10% per annum for two months.

Deposit RM 10,000 on 31 July. Withdraw 6 October. Get extra RM100 as 1% loyalty bonus.

Would deposit done on 31 July be too late? What is the safest way of deposit, via FPX in PTPTN app?

lazada wallet, topup by cc

Hi Sifu,

Does anyone know if I deposit RM8000 to my child older than 18 years old but still pursuing a diploma or degree private college/university is eligible for the income tax relief?

It's not clear from the SSPN website.

Thank you.

I deposited RM8k last year December and withdrawn it in January this year. Do I need to double up the contribution to RM16k in order to be eligible for tax deductions?