Hong Leong Bank is offering 3 time deposit offers in May, 2 of which can be placed online and 1 of which must be placed over the counter.
Although interest rates on time deposits have been very low in recent years, they are the best option for people who do not invest or cannot afford the risk of investing. By putting money in a time deposit and maintaining it for a specific period, you can earn a specific interest return.
Here’s a look at the May time deposit offers from Hong Leong Bank.
1. eFD
Date: 1 May – 30 June 2022
Interest rate.
3 months: 2.00% p.a. (1 May to 31 May)
3 months: 2.15% p.a. (1 June to 30 June)
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: Deposits must be made through HLB Connect Online and must be made by transfer from another bank using FPX.
2. Step Up FD/FD-i 36 Month
Date: 1 May – 31 May 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: Deposit must be made through HLB Connect Online and must be transferred from another bank using FPX.
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 over the counter through the bank.
