If you want to deposit a fixed deposit, you have to take advantage of the time deposit promotion offered by the bank to deposit it, which is the most cost-effective and can get a higher interest rate.
The following is the fixed deposit promotion launched by Hong Leong Bank in March 2022. If you want to deposit time deposits, you can refer to it.
Hong Leong Bank 36-Month Fixed Deposit:
Promotion Period: From now till 31 March 2022
Minimum deposit: RM10,000
Tenure: 36 months
Effective Rate: 2.72% p.a.
Deposit method: Only for New Funds, you can go to the nearby Hong Leong Bank counter to deposit.
*2.40% p.a. interest from 1st to 12th month, 2.75% p.a. from 13th to 24th month, and 3.00% p.a. from 25th to 36th month. Deposit for 36 months and earn an average annual effective rate of 2.72% p.a.
Hong Leong Bank 6-Month Fixed Deposit:
Promotion Period: From now till 31 March 2022
Minimum deposit: RM10,000
Tenure: 6 months
Effective Rate: 2.40% p.a.
Deposit method: Only for New Funds, you can go to the nearby Hong Leong Bank counter to deposit.
Hong Leong Bank Online Fixed Deposit Promotion:
Promotion Period: From now till 31 March 2022
Minimum deposit: RM10,000
Deposit period and effective interest rate:
3 months: 2.25% p.a.
6 months: 2.30% p.a.
12 months: 2.40% p.a.
18 months: 2.60% p.a.
24 months: 2.75% p.a.
Deposit method: deposit through Connect Online Banking
Hong Leong Bank New User Fixed Deposit Promotion:
Promotion Period: From now till 31 March 2022
Minimum deposit: RM1,000
Tenure: 6 months
Effective rate: 2.45% p.a.
Deposit method: deposit through Connect Online Banking that is only for new eFD depositors.
In any event, any updates to the above effective rates will be subject to the latest announcement by the bank.
