The government has implemented a reduction in profit rates across various National Savings Schemes, with cuts ranging from 15 to 59 basis points, effective from June 27, 2025, as reported by brokerage firm Topline Securities.
The biggest reductions were seen in Islamic accounts, with the Sarwa Islamic Term Account and Sarwa Islamic Saving Account seeing a 59bps drop, bringing their rates down to 9.75% from the previous 10.34%.
Other changes included a 36bps reduction in the profit rate for Regular Income Certificates, bringing it down to 11.16%, and a 30bps cut for Special Savings Certificates, now yielding 10.6%. Defence Savings Certificates experienced a more modest decrease of 15bps, with the new rate set at 11.76%.
For products targeting senior citizens, the Pensioners Benefit Account and Behbood Saving Certificate each saw a 24bps reduction, now offering 13.2%.Â
The same 24bps reduction was applied to the Shuhada Family Welfare Account. The standard Savings Account Rate remained unchanged at 9.5%.
