Hong Leong Bank Fixed Deposit
Hong Leong Finance fixed deposit board rates. Minimum of S$10,000 to open an account with tenors of 1 or 2 months. Minimum of S$500 for longer tenors. Add on extra 0.125% p.a. If you are 55 years old or above and your placement of fixed deposit is for 12 months or above. An easy way for Hong Leong Finance’s customers to place deposits and repay loans from the comfort of their home. Deposits are insured up to S$75,000 by SDIC. Place Fixed Deposit Online in 3 Easy Steps Hong Leong Finance's customers can now place deposits from the comfort of their home.
- New placements and withdrawals made anytime via Hong Leong Connect.
- Account and placement details can be viewed upon successful placement.
- Choice of terms from 1 – 12 months.
- Receive interest at regular intervals, or upon maturity.
- Option for auto renewal.
- Flexibility to make early-partial withdrawals from your FD and still earn FD interest on remaining balance (Partial withdrawal must be in multiples of RM1,000).
Eligibility
- Minimum deposit of RM5,000 for 1 month placement and RM500 for 2 months and above.
- For individuals with Hong Leong Conventional / Islamic Current or Savings Account.
- Malaysian 18 years old and above.
Protected by PIDM up to RM250,000 for each depositor.
Premature Withdrawals (effective 27 September 2018 until 31 December 2018)
Where a e-Fixed Deposit is uplifted, in partial or in full, before maturity the following rules shall apply:
Hong Leong Fixed Deposit Rates
a. No interest is to be paid:
i. any deposits placed for periods of one (1), two (2) or three (3) months that has not run the full period
ii. any other e-Fixed Deposit uplifted before the completion of three (3) months
b. Interest is payable for e-Fixed Deposit uplifted after the completion of three (3) months and will be at half (1/2) the original contracted interest rate for each completed month.
Premature Withdrawals (effective 1 January 2019)
No interest shall be payable on partially withdrawn amounts and premature withdrawals of e-Fixed Deposit.
| Tenure | Interest Rate (p.a.) |
|---|---|
| 1 month | 1.20% |
| 2 months | 1.50% |
| 3 months | 1.55% |
| 4 months | 1.55% |
| 5 months | 1.55% |
| 6 months | 1.60% |
| 7 months | 1.60% |
| 8 months | 1.60% |
| 9 months | 1.60% |
| 10 months | 1.60% |
| 11 months | 1.60% |
| 12 months | 1.60% |
Attractive Interest Rate
You will get to enjoy attractive interest rates on your fixed deposit account.
Hong Leong Bank Fixed Deposit Minimum Amount
You can open your account with a minimum of S$50,000 for minimum one-month placement.
- You must be minimum 21 years old (for individuals).
- This account is applicable to individuals and non-individuals, societies, clubs and associations.
Note: Account opening is subject to Bank’s approval.
- Apply Online or
- Approach one of our relationship managers at our branch to assist you
Our branch location:
7 Wallich Street
#B1-25 and #B1-26 Tanjong Pagar Centre
Singapore 078884