The Malaysia National Higher Education Fund (Perbadanan Tabung Pendidikan Tinggi Nasional, PTPTN) has just announced dividend for year 2019 for the education savings schemes SSPN (Skim Simpanan Pendidikan Nasional, consists of SSPN-i and SSPN-i Plus) on 5 February 2020.
The 2019 SSPN dividend payout rate is 4%, amounting to RM147.25 million. This rate is the same as previous payout for 2015-2018.
This 4% dividend will be created into our SSPN accounts respectively on 8 February 2020.
On top of that, there is a good news for SSPN-i accounts opened in 2017 or earlier. These SSPN-i accounts can get an additional 1% bonus, as long as they make new deposit into the account between 5 February 2020 to 30 April 2020. So, it will be totaled up to 5%, which is the historical highest rate since 2004!
In 2019, the amount of deposits in SSPN was RM1.37 billion, with 455,952 new accounts opened by depositors.
According to PTPTN, the number of SSPN accounts opened to date is 4.39 million.
Historical SSPN-i dividend payout rate is as below:
- 2019: 4.00% + 1.00% = 5.00% (with TnC)
- 2018: 4.00%
- 2017: 4.00%
- 2016: 4.00%
- 2015: 4.00%
- 2014: 4.25%
- 2013: 4.25%
- 2012: 4.25%
- 2011: 3.75%
- 2010: 3.25%
- 2009: 2.50%
- 2008: 4.00%
- 2007: 4.00%
- 2006: 4.00%
- 2005: 4.00%
- 2004: 3.00%
You can proceed to the Online SSPN-i Statement of Account website to check the transactions and amount of savings in your kid's SSPN account.
You are also highly encouraged to read about Online paying PTPTN / SSPN-i with credit card through Boost.
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