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Fixed Deposit

6.25% headline, 3.75% real

Why Is BSN's 6.25% FD Promotion Only Worth 3.75%?

RaymondRates.my2 min read

BSN's newest fixed deposit campaign advertises 6.25% per annum. That sounds like the best rate in Malaysia right now. But 6.25% only applies to 60% of your money, and BSN's own worked example puts the real blended return at 3.75%.

Where the 6.25% actually goes

BSN'S 6.25% HEADLINE vs THE REAL RETURN — ONE SHARED SCALE6-month campaigns, 27 Oct 2026BSN TD-i leg60% of your money6.25%BSN SSP leg40% of your money0.01%Your blended returnthe real number3.75%Hong Leong eFD, 6 monthsno bundling needed3.88%OCBC FD-i, 6 monthsno bundling needed4.05%Source: BSN's October 2026 TD-i/SSP bundle T&C PDF; Rates.my's own hlb-efd-12m and ocbc-fd-i-promo entries.
One shared scale. BSN's 6.25% is real — but only on 60% of the money. The blended 3.75% sits below two plain six-month promos that need no bundling at all.
  • Minimum placement is RM5,000, split RM3,000 into TD-i and RM2,000 into SSP at the fixed ratio.
  • The campaign runs 1 October to 31 December 2026, for a fixed six-month tenure only.
  • Placement is branch-only, with TD-i and SSP opened together — no FPX or app option.

The two things that don't make the banner

BSN's bundleHong Leong eFDOCBC FD-i
Effective rate3.75% p.a.3.88% p.a.4.05% p.a.
Deposit protectionNot PIDM — Government-guaranteedPIDM, up to RM250,000PIDM, up to RM250,000
After maturityRenews at BSN's 2.05% board rateReverts to board rateReverts to board rate
Rates.my's own TD-i/SSP bundle entry, verified against BSN's October 2026 campaign T&C PDF.
  • BSN isn't a PIDM member, so deposits are guaranteed in full by the Government instead, under the 1974 Act.
  • Early redemption forfeits all TD-i profit — BSN's own terms call it a full rebate.
A calculator resting on financial statements
BSN's own Clause 21 illustration: RM3,000 in TD-i plus RM2,000 in SSP earns RM93.85 over six months — a 3.75% annualised return on the full RM5,000. · Photo: Unsplash

BSN's full-guarantee wording comes from the Bank Simpanan Nasional Act 1974 itself: “The repayment of all moneys deposited in the Bank together with interest thereon is guaranteed by the Government.” No RM250,000 cap — but also none of PIDM's independent oversight. See today's best FD rates across every bank, or the Hong Leong and OCBC promos compared here, for the no-bundle alternatives.

What to watch

  • 31 Dec 2026This campaign window closes — no word yet on a Q1 2027 successor.
  • Your maturity date (6 months on)The TD-i leg auto-renews at BSN's prevailing 2.05% six-month board rate, far below the 3.75% blended campaign rate.
Not financial advice. This is general information based on Bank Simpanan Nasional's own TD-i Bundle with BSN SSP (Tawarruq) October 2026 campaign terms and conditions, and the Bank Simpanan Nasional Act 1974, both verified 27 October 2026. It is not a recommendation to open any account. Confirm current terms with BSN before applying; campaign rates and eligibility can change.

Sources & further reading

Ready to act on this?

See BSN's full FD rate table

Keep reading

Fixed DepositCIMB TIA-i Rate Rises to 4.10% p.a. With a New 24-Month TierFixed DepositStandard Chartered's FD Promo Gets a New 3.90% Tier, CASA Bundle Rises to 4.85%Fixed DepositMaybank's October eFD-i Campaign Pays Up to 3.93% p.a., and Now Has a Confirmed End Date

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This article is general information, not personalised financial advice. Rates.my is not a licensed financial adviser — always verify rates with the institution and consider your own circumstances.

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