Who can apply for this Smart Junior savings account?
BSN Smart Junior is open to all Malaysian students aged between 7 to 20 years old. To qualify for this smart savings account, you must be a BSN GIRO account holder.
What benefits do I get from BSN Smart Junior?
A host of fun and educational activities, besides watching your savings grow abundantly. Get a complimentary BSN Smart Junior Membership Card to enjoy unlimited access to seminars, motivational courses, camping activities, sports clinic, Science exploration and many more!
You will also be eligible to enter Skim Galakan Simpanan Pelajar (SGSP), which is also known as a savings competition where your children can win attractive prizes all year round!
How do the interest rates work?
Interest rates multiply the amount of your deposit after a specific period. Your money will receive an interest rate as high as 2.50% p.a. when you save up to RM50,000. This interest rate will be credited to your BSN Smart Junior account every year.
To enjoy an all-time high interest rate on your money, you must maintain a minimum balance of RM150 at all times. You are also allowed only 1 cash withdrawal per month.
How can I apply for a BSN Smart Junior?
All you need to do is to complete the BSN Smart Junior application form, which must be signed by your parents or legal guardian, and submit it to BSN. You can choose to deposit a minimum amount of RM150, RM300 or RM500 and maintain a minimum account balance of RM10 at any time.
Your Smart Junior savings account membership will terminate when you reach 21 years old.
