Details SSPN-i Bank (Education Savings Product)
Rate of dividends/profit 2011 - 3.75%
2010 – 3.25%

2010

  0.60%-2.00%
PTPTN Loaners Qualified to apply None
Exemption of tax on savings Maximum up to RM6,000 None
Exemption of tax on dividend/profits Tax exempted None
Risks No risks – government guarantee Low risk - depends on bank stability
Insurance

Maximum up to:

i. RM50,000 (General Insurance –Account opened by individual)

ii. RM100,000 (Trust Insurance -Account opened by head/management representative of orphanage)

None
Matching Grant Maximum up to RM10,000/family None