Hong Leong Bank (Hong Leong Bank) is offering 3 time deposit offers in July, 2 are available online and 1 is required to be deposited through the bank counter.
The National Bank has already raised interest rates twice this year and is expected to raise them once more this year. With the increase of interest rate by the National Bank, the time deposit of Fung Lung Bank also started to increase gradually.
Although the interest rate of time deposit is still very low, it is the best choice for people who do not know how to invest or cannot take investment risks. If you deposit your money in a time deposit and maintain it for a specific period of time, you will get a specific interest return.
Here’s a look at the July time deposit offers from Hong Leong Bank.
1. eFD
Date: July 1, 2022 – July 31, 2022
Interest rate.
3 months: 2.40% p.a.
6 months: 2.50% p.a.
12 months: 2.90% p.a.
18 months: 3.00% p.a.
24 months: 3.10% p.a.
Minimum Deposit: RM10,000
Details: Must be deposited via HLB Connect Online and must be deposited by FPX transfer from another bank.
2. 12 Months Step Up FD/FD-i
Date: July 1, 2022 – July 31, 2022
Interest Rate.
Months 1 to 4: 2.45% p.a.
Months 5 to 8: 2.90% p.a.
Months 9 to 12: 3.20% p.a.
Average interest rate: 2.85% p.a.
Minimum deposit amount: RM10,000
Details: Must be deposited through bank counter.
3. 12 Months Step Up FD/FD-i (eFD)
Date: July 7 – July 31, 2022
Interest Rate.
Months 1 to 4: 2.50% p.a.
Months 5 to 8: 2.95% p.a.
Months 9 to 12: 3.25% p.a.
Average interest rate: 2.90% p.a.
Minimum deposit: RM10,000
Details: Must be deposited via HLB Connect Online and must be deposited by FPX transfer from another bank.
