Hong Leong Bank has announced an increase in interest rates for time deposits and savings accounts, with the new rates taking effect on 23 May and 17 May respectively.
Hong Leong Bank’s interest rate is only 1.65%p.a. for 1-month time deposits, 1.75%p.a. for 3-month time deposits and 1.80%p.a. for time deposits of 6 months or more.
If you choose to deposit with an eFD, the rate is even lower, i.e. 1.35%p.a. for a 1 month time deposit, 1.65%p.a. for a 2 month deposit and 1.75%p.a. for a 3 month deposit.
If you have a children’s savings account, you can enjoy 1.65%p.a. for deposits of less than RM50,000, while deposits of more than RM50,000 will not be entitled to any interest.
Here you will find the interest rates of various financial instruments of Hong Leong Bank.
