A blanket statement that it's only worthwhile if >6%?
Well, it depends on one's goals/reasons to use SSPN too mar right?
If U compared head to head with EPF, might as well compared head to head with bond funds or even equity funds. What about REITs & Properties?

Personally, i'm just doing it as an asset-subclass diversification (with tax relief) + a choice to tap PTPTN for my daughter's education loan IF needed.

ya, me too, i just open acc for both my kids. this is  to get loan easyly if needed, not for the returns. im putting very minimal just to maintain the acc with SSPN.

actually the computation of the return should factor in your personal tax break.

assume your tax rate is 26%, you place 3k into the account - instant tax back of 780.

in other words: your investment is only 2220 BUT you get interest based upon 3000. i.e. the interest you get is much higher.

if you got 3.25% in 2010 it was for 3000 not the 2220 you actualy place. this means you get RM 97,50 for the entire year for a placement of 2220 which means the effective interest rate was actually: 4,39 percent. in other words the interest you get might not be much but it surely is better than a FD placement and it *will* better if you actually pay tax.

googled and found this....
hope it can help....

Delivery Channels
Customers can open SSPN account at any Maybank branch and also make deposits with these channels:

https://www.maybank2u.com.my/mbb_info/m2u/p...al/ACC-Accounts

If you do that, will you have "Sumbangan Bersih" into that a/c for the year you wanted to claim tax relief?

I think that would be correct for Q1.
Sumbangan is 2k for Q2

Btw.. Dividend earn does not constitute as sumbang that qualify for tax deduction

Previously yes, but  few years ago, it became NO.