BSN eyes 50pc rise in KPM savings

KUALA LUMPUR: Bank Simpanan Nasional (BSN) expects to increase its total accumulated savings account for Kelab Penabung Muda (KPM) by 50 per cent from the current RM102 million by the end of this year.

Source from (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/KPM/Article/
Published: February 12, 2013

Senior vice-president and community business head Azaddin Ngah Tasir said the bank is optimistic of achieving the target as the KPM offers high interest rates and savings profit which is up to two per cent.

He said the KPM members are entitled to an accident insurance coverage of up to 10 times the amount of savings up to RM50,000 with minimum savings of RM150 and compensation of funeral expenses of RM3,000.

"Besides that, KPM members will also enjoy special offers such as discounts at partner networks like Wet World, A&W, AFCB, Tutor Online, Nurture Magazine, E-reading, Kuala Lumpur Bird Park and many more," Azaddin said.

Speaking to Business Times in an interview recently, he said the bank will intensify its efforts towards achieving the target by conducting awareness programmes to inculcate savings habit among youngsters.

"As the school segment in the country has huge market potential, we will be reaching out to them," he said.

Azaddin said the bank is working with the Ministry of Education to implement the programme "BSN School Attack 2013" starting from January to December.