Good news! Hong Leong Bank has raised its preferential interest rate for time deposits again, for the second time in a month.
According to the news issued by Hong Leong Bank, the latest time deposit offer will be increased by 0.10% to 0.20% p.a. for 3 months, 6 months and 12 months time deposit rates.
If you are opting for a 3-month time deposit, which was previously only entitled to 3.55% p.a., you can now enjoy 3.65% p.a.. As for the 6-month time deposit, previously it was 3.65% p.a., now it is 3.85% p.a. The 12-month time deposit offer was previously 3.95% p.a., now it is 4.05% p.a.
In addition, the Welfare Institute is also offering an 8-day time deposit offer of 4.15% p.a. for 12-month deposits. This time deposit offer is valid from December 5 to December 12 with a minimum deposit of RM5,000.
All the time deposit offers offered by Hong Leong Bank are available via HLB Connect Online / APP, however, all deposits need to be transferred from other banks via FPX.
Hong Leong Bank Time Deposit Offer1
Date: December 5, 2022 – January 4, 2023
Interest rate.
3 months – 3.65% p.a.
6 months – 3.85% p.a.
12 months – 4.05% p.a.
18 months – 4.05% p.a.
24 months – 4.05% p.a.
Minimum Deposit: RM10,000
Conditions: Must be deposited via HLB Connect Online/APP and must be deposited by FPX transfer from another bank.
Hong Leong Bank Time Deposit Offer2
Date: 5 Dec – 12 Dec 2022
Interest Rate: 12 months – 4.15% p.a.
Minimum deposit amount: RM5,000
Conditions: Must be deposited via HLB Connect Online and must be transferred from another bank using FPX.
