Promotion for HLB Fixed Deposits in July
In July, Hong Leong Bank introduced three fixed deposit offers, two of which may be put online and one of which requires a deposit at a bank counter.
It is anticipated that Bank Negara would increase interest rates once more this year after doing so twice previously this year. Hong Leong Bank’s time deposits have started to steadily rise in response to Bank Negara’s interest rate increase.
Although interest rates on fixed deposits are still quite low, they are the greatest choice for those who don’t invest or who are unable to assume investment risks. A particular interest return can be acquired as long as the funds are deposited in a term deposit for a specific length of time.
Here are the July Fixed Deposit Offers from Hong Leong Bank.
1. eFD
Dates: July 1 – 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 through HLB Connect Online, and must be deposited with FPX from other banks.
2. 12 Months Step Up FD/FD-i
Dates: July 1 – July 31, 2022
interest rate:
1st to 4th month: 2.45% p.a.
5th to 8th month: 2.90% p.a.
9th to 12th month: 3.20% p.a.
Average interest rate: 2.85% p.a.
Minimum deposit: RM10,000
Details: Must be deposited through the bank counter.
3. 12 Months Step Up FD/FD-i (eFD)
Dates: July 7 – July 31, 2022
interest rate:
1st to 4th month: 2.50% p.a.
5th to 8th month: 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 through HLB Connect Online, and must be deposited with FPX from other banks.
