Hong Leong Bank launched three fixed deposit offers on May.
On May, Hong Leong Bank launched three fixed deposit offers, two of which can be deposited online and one must be deposited in person at the bank.
Despite the fact that fixed deposit interest rates have been extremely low in recent years, fixed deposits are the ideal option for persons who are unfamiliar with investing or who are unwilling to take investment risks. A particular interest return can be acquired by placing money in a term deposit for a specific term.
Here are the fixed deposit offerings from Hong Leong Bank for the month of May.
1. eFD
Date: 1 May – 30 June 2022
interest rate:
3 months: 2.00% p.a. (May 1 to May 31)
3 months: 2.15% p.a. (June 1 to June 30)
6 months: 2.25% p.a.
12 months: 2.35% p.a.
18 months: 2.65% p.a.
24 months: 2.75% p.a.
Minimum deposit: RM10,000
Details: Must be deposited through HLB Connect Online, and must be deposited with FPX from other banks.
2. Step Up FD/FD-i 36 Month
Dates: May 1 – May 31, 2022
interest rate:
Months 1 to 12: 2.45% p.a.
Months 13 to 24: 2.80% p.a.
25th to 36th month: 3.30% p.a.
Average interest rate: 2.85% p.a.
Minimum deposit: RM10,000
Details: Must be deposited through HLB Connect Online, and must be deposited with FPX from other banks.
3. Step Up FD/FD-i 36 Month
Date: 1 May – 30 June 2022
interest rate:
Months 1 to 12: 2.45% p.a.
Months 13 to 24: 2.80% p.a.
25th to 36th month: 3.15% p.a.
Average interest rate: 2.80% p.a.
Minimum deposit: RM10,000
Details: Must be deposited through the bank counter.
