BSN EDUSAVE-iLet your child experience a rewarding savings journey with BSNBenefits
- Enjoy a higher profit rate compared to normal savings
- Debit Card available for ages 13 to 18 years old
- Bonus of up to 10% on top of the profit earned
*Subject to Terms & Conditions.
Apply NowBSN EduSave-i is based on the Shariah concept of Tawarruq (Commodity Murabahah)
Tawarruq consists of two sale and purchase contracts. The first involves the sale of an asset by a seller to a purchaser on a deferred basis. Subsequently, the purchaser of the first sale will sell the same asset to a third party on a cash and spot basis.
BSN EDUSAVE-iLet your child experience a rewarding savings journey with BSNBenefits
- Enjoy a higher profit rate compared to normal savings
- Debit Card available for ages 13 to 18 years old
- Bonus of up to 10% on top of the profit earned
*Subject to Terms & Conditions.
Apply NowBSN EduSave-i is based on the Shariah concept of Tawarruq (Commodity Murabahah)
Tawarruq consists of two sale and purchase contracts. The first involves the sale of an asset by a seller to a purchaser on a deferred basis. Subsequently, the purchaser of the first sale will sell the same asset to a third party on a cash and spot basis.
Maximize your child’s savings and experience greater profit earnings and bonus rewards by making minimum monthly deposits throughout the contract tenure.
FEATURES & REQUIREMENTS
- Individual account only.
- Shariah compliant.
- Children aged from seven (7) years to eighteen (18) years old (last entry at seventeen (17) years old).
- Open to Malaysian Citizens and Permanent Residents.
SAVINGS REQUIREMENTS
| Minimum initial savings | RM50 |
| Minimum monthly savings | RM50* |
| Maximum monthly savings | No limit |
| Minimum savings to maintain | RM10 |
FEATURES
| Profit Rate | Attractive Profit Rate** |
| Bonus on Profit |
|
| Tenure Selection | One (1), Three (3), or Five (5) Years |
| Withdrawal |
|
| Debit Card (optional) | Available for ages thirteen (13) to eighteen (18) years old**** |
NOTES:
*Minimum deposit is RM50 per placement and any placement below RM50 is not allowed.
**The profit rate will be converted to the equivalent profit rate of BSN GIRO-i in the event the customer fails to deposit the monthly savings for more than three (3) times within twelve (12) months;
*** For Debit Card cardholder only.
**** Fees and charges for Debit Card shall apply.
IDENTIFICATION DOCUMENT REQUIRED
Children: Birth certificate/MyKid
Parents/Legal Guardian: MyKad
NOTES:
- Customers are advised to read and understand the Terms and Conditions (T&C) for Islamic Account which pertains to BSN EduSave-i.
- View all banking rates.
- View all fees & charges.
- View Product Disclosure Sheet.
- View Frequently Asked Questions (FAQ).
- Terms and Conditions apply.
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