HLB Modifies Savings Account & FD Interest Rates; Effective Nov 15
From November 5, Hong Leong Bank will adapt the new interest rates on savings and fixed deposit accounts.
Hong Leong Bank has announced that the interest rates on savings accounts and fixed deposits will be adjusted beginning November 15, 2022. The current savings account interest rate is 0.00% for the first RM100,000 and 0.30% p.a. for more than RM100,000.
It is 2.35%p.a. for the first RM50,000 in junior savings accounts, and 0.00%p.a. for amounts greater than RM50,000. It is 0.35% for the first RM200,000 of an senior account, and it is 0.95% for amounts greater than that.
The interest rate on fixed deposits is 2.35% for 1 to 2 months, 2.45% for 3 to 5 months, 2.50% for 6 to 11 months, and 2.50% for 12 to 60 months.
If Bank Negara raises the interest rate again in January 2023, Hong Leong Bank will also raise the interest rate.
