With the drop in FD rates, do we expect to see lower SSPN divedends ?

Deleted. Found the answer

This post has been edited by magika: Feb 26 2021, 03:08 PM

Use interbank transfer. Dont add fav account. Or is it payment

This post has been edited by magika: Mar 15 2021, 05:39 PM

Last year also same terms

Withdraw every single sen when i opt for early retirement. The staff ask whether i want to maintain the account with minimum balance and i said no. Because of current low ifd nterest rate , i decided to contribute back. Imagine my surprise when i login to my old account and it was available with RM0.00 balance. Transfer via fpx and it was reflected almost instantly in the account.

Thanks. Already transfer since early in the year. Lets see what happens. Maybe will lose a few k interest at most

Can use but cannot claim tax relief as no child registered

You are right about that. So after making that mistake, i did another one in Jan 2022. I visited the sspn office near my place, and the counter staff assured me that the account is still active and has been auto activated upon my previous fpx.
I transferred another deposit in but this time using Maybank pay. A week later the deposit is nowhere to be found unlike fpx which shows immediately. Took me a few weeks to get all my funds back. Even if you close your account but online your account will still be showing and using fpx it will enter but other than that like using Maybank pay the fund will be stuck somewhere. Horror if you did not monitor it then.

Yes you can do that but deposit n withdraw is not a good idea as there is the cut out date which will cause losses in dividend calculation. I am also using it for temporary parking in place of placing fixed deposit at the moment.

I would advise you not to close your accoun but maintain RM20 inside as you imagine the problem i am having with my closed account will occur when you try open another account later with your own name.

This post has been edited by magika: Feb 12 2022, 07:49 PM

I think something wrong from the link you posted. It was 1% bonus and if not mistaken only condition is cannot withdraw within the campaign period.
Maybe 2019 terms are different from latter years.


This post has been edited by magika: Feb 15 2022, 07:01 PM

For the 1% ganjaran of course. Our deposit is more than RM8000.00 yearly.


This post has been edited by magika: Feb 15 2022, 07:46 PM

FYI, tried online withdrawal on 16 Januaru 2022, received on 17 January 2022 around 10pm.

I imagine ptptn would come under pressure not to declare high dividend . Now Kwsp will also be in the spotlight, no chance of high dividend

Lucky i dump in last year for extra 1% ganjaran. This year aready withdraw all my fd to dumpin but with disappointing dividend may need to reconsider. But anyway better than FD..

If not mistaken 1% ganjaran only given end of July

We are in a discussion forum so must not be selfish and share what is good and what is bad.

Haha. Its because a number of us withdraw all our FD and dump it in. 1k saving we want but on top of that our funds are many times x 8k so its a bit disappointing seeing how we regard it as the best FD around with 100% government gurantees.

Same like stock market, when got panic sell circuit breaker initiated, all trading stop

Joke only guys. They should announce on weekend and freeze to update dividend. Quite unprofessional , sop not tuned yet.

Yup too many accounts can be confusing. Together with my wife account and also my children own name accounts, i transferred wrong account a few times in January this year.

I am using it not for tax relief. One of my account is used for temporary parking of unused funds. My children own name account are used to encourage them to save and periodically my extra unused cash are allocated to them as gifts.

This post has been edited by magika: Feb 23 2022, 12:49 PM