The National Higher Education Fund Corporation (PTPTN) has announced a 4.05% dividend payout for the National Education Savings Scheme (Simpan SSPN) for the year 2024, the highest in the past 10 years which along with the launch of the Simpan SSPN Prime Loyalty Reward Campaign offering an additional 1% reward.
The 2024 Simpan SSPN dividend distribution and the 2025 Simpan SSPN Prime Loyalty Reward Campaign were officially announced today by YB Dato’ Seri Diraja Dr. Zambry Abd Kadir, Minister of Higher Education, at the Ministry of Higher Education (MOHE) lobby. Also present were YB Datuk Ts. Mustapha Sakmud, Deputy Minister of MOHE; YBhg. Dato’ Seri Norliza Abdul Rahim, Chairman of PTPTN; YBrs. Encik Ahmad Dasuki Abdul Majid, Chief Executive of PTPTN; as well as senior officials from MOHE and PTPTN.
DIVIDEND RATE INCREASES, MORE COMPETITIVE RETURNS FOR SAVERS
The 4.05% Simpan SSPN dividend will benefit 6.77 million depositor accounts, involving a total allocation of RM439.87 million. This brings the cumulative dividend payout to RM2.12 billion since Simpan SSPN was first introduced in 2004.
The dividend will be credited directly into Simpan SSPN accounts, and depositors can check their individual savings statements via the myPTPTN app starting from 2 May 2025 (Friday).
The 4.05% dividend rate marks an increase from the 3.60% declared in 2023, making it the highest rate recorded in the past decade. This positive growth reflects the efficiency of PTPTN under the leadership of YBhg. Dato’ Seri Norliza Abdul Rahim, Chairman of PTPTN, together with the Board and Management Team. Their effective fund management, guided by principles of excellence, integrity, and strategic governance, ensures optimal returns for depositors.
This increase is driven by a strategic mix of short- and long-term Shariah-compliant investments in the local money market, which safeguard capital while generating strong, positive returns. Effective risk management and the selection of strategic investment portfolios, particularly in long-term fixed deposits and sukuk, have significantly boosted investment performance. The 4.05% Simpan SSPN dividend also reflects a positive net return on investment, outperforming Bank Negara Malaysia’s Overnight Policy Rate (OPR), which remained at 3.0% throughout 2024.
IMPRESSIVE SIMPAN SSPN PERFORMANCE IN 2024
In 2024, Simpan SSPN recorded total deposits amounting to RM3.17 billion, an increase of RM24.37 million or 0.77% compared to RM3.15 billion in 2023. Additionally, over 500,000 new accounts were opened last year. As of 31 December 2024, the total accumulated deposits reached RM20.56 billion across 6.77 million accounts. This is a remarkable achievement and a testament to the continued trust and unwavering support of Simpan SSPN depositors.
LAUNCH OF SIMPAN SSPN PRIME LOYALTY REWARD CAMPAIGN 2025
At the same event, PTPTN also launched the 2025 Simpan SSPN Prime Loyalty Reward Campaign at a rate of 1%. This Loyalty Reward is a special token of appreciation for long-term Simpan SSPN Prime depositors, serving as an additional incentive on top of the annual dividend. This year marks the sixth (6th) consecutive year the campaign has been implemented since its introduction in 2019.
This Loyalty Reward will be given to Simpan SSPN Prime depositors who make a minimum deposit of RM1,000 during the campaign period, from 1 May 2025 to 31 July 2025. The campaign is open to depositors who opened their Simpan SSPN Prime accounts between 2004 and 31 December 2021.
For more information, visit website Ganjaran Kesetiaan 2025.
