hong leong bank fixed deposit

1.50%. Hong Leong Finance Fixed Deposit offers competitive promotional rates for deposits of medium-length tenure, making it a great option if you're considering investing for about 1 year. Personal Financial Services. Review on Hong Leong Bank Fixed Deposit. First, interest rates. Home Loan Apply Now. Apply online now! Otherwise, you can still get a slightly lower interest rate of 1.15% p.a. You will not be penalised if you withdraw your money at any point. Fixed Savings Account. Fixed Deposit -i Compare Cards () Fixed Deposit -i . $50,000 and below). 1 … Limited time promotion. Other Malaysia Banks. Hong Leong Bank 6 Month Fixed Deposit: 3.15%. Unfortunately you have to leave it in for 36 months (3 whole years!) A Fixed Deposit account (FD) is a financial instrument offered by banks, which allows you to save your money for a fixed period of time to generate higher interest compared to a conventional savings account. Hong Leong Bank Fixed Deposit Interest Rates. Helping you achieve your personal goals. Sign up today and enjoy interest rates as low as 3.88% p.a. There’s no cap for fixed deposits.). Confirm; To check account information, please access Hong Leong Connect Internet Banking or contact HLBVN Call Center at 1900633068. Hong Leong Finance fixed deposit board rates. If you click ‘Continue’, you will leave the HL Bank website to access a third party website ("Third Party Website"). with a 1-year deposit of S$20,000 and above. The minimum of $1,000 is is quite a manageable amount, although you have to commit to a tenure of 18 months. Isn't it time you prepare yourself for tomorrow? Even for a 6-month tenure, you can still earn 1.0% p.a., which is a practical option for everyone. Hong Leong also offers the best fixed deposit interest rates in Singapore where you can earn 1.20% p.a. Deposits are insured up to S$75,000 by SDIC. Note that these promotional rates change monthly and the bank can change the rates anytime. The rate of 3.15% is 0.25% lower than the average 3.4%. It’s a good option if you want to save up and prefer local banks. Hong Leong Bank Fixed Deposit offers the flexibility of deposit terms from one month to sixty months with attractive interest rate, invest your cash and earn money right off the bat. Ever since Covid-19 hit our economy, DBS has been one of the consistent winners when it comes to fixed deposit rates. After the lock-in period is over, you should shop around again for another place to park your money. Minimum of S$500 for longer tenors. interest average return after the first 2 years, which you can easily beat with a well-chosen fixed deposit promotion. Ease into your golden years with confidence by receiving monthly interest payout from your fixed deposit. You don’t need to do anything to earn this interest, just park your money with a bank. Add on extra 0.125% p.a. Once an attractive alternative to that pathetic 0.05 per cent p.a. for 12 months tenure and 0.70% p.a. Helping you achieve your personal goals. Cons . Before you lock up that much in a fixed deposit, make sure you have sufficient emergency funds first. without a Fixed Deposit commitment. The November issue of SSBs offers a measly 0.23 per cent p.a. Set yourself on the road to the future by saving without hassle. This month is no exception. Enjoy higher interest rate of up to 0.68% p.a. Hong Leong bank offers fixed deposits with a minimum deposit of RM5,000 and a deposit tenor of 1-60 month. Note that if you have an UOB fixed deposit that’s maturing this month, UOB will auto-renew your account at the current “promotional” rate. It used to be that you needed at least $20,000 lying around in order to benefit from the higher promotional interest rates. Hong Leong Islamic Online Fixed Deposit-i is where you get to earn more for the money you save, giving you returns on the hard work you already put in. Rate is applicable for 12 month fixed period. In December, UOB was offering only 0.5 per cent p.a. HL Bank has no control over the Third Party Website and has no liability in connection with your use of the Third Party Website. Rates show are per annum. when you deposit and grow your Hong Leong Savings Account balances every month. E-Saver Account Open Now. Short tenure. Latest Update - Changes in our Opening and Banking Hours. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. Also it is 0.35 % lower than the highest rate 3.40 Updated Mar, 2018 on Hong Leong Bank's secure website . : 201815023K, As low as 3 months, but go for at least 12 months for better rates, The longer the tenure, the better the interest rate, Smaller initial deposit and minimum monthly balance ($500 to $3,000), SGD by default, but some banks offer higher interest rates for foreign currency, SGD by default. Think of it like mold on a piece of bread. Hong Leong Bank 1 Year Fixed Deposit: 3.15%. Overdue Fixed Deposit (3 to 36 months) will be paid on the then prevailing Board Rate for completed quarter(s) or cycle(s). That said, ICBC fixed deposits only require $500 to start. Minimum of S$10,000 to open an account with tenors of 1 or 2 months. Personal Loan. [embed]https://www.youtube.com/watch?v=Sq9hjlnEgY0&feature=emb_logo[/embed]. Fixed Deposit Interest Rates Effective Date: 19-Jan-2021 9:30AM Last Updated: 19-Jan-2021 9:30AM Oh dear, local banks UOB and OCBC (see below) certainly fall short of DBS when it comes to fixed deposit rates of late. Check out now to know the HLB's attractive interest rates. Minimum deposit of RM5,000 for 1 month placement and RM500 for 2 months and above. Pros . Hong Leong Bank with you 24/7. interest on savings accounts, fixed deposits — like so many ageing Channel 8 starlets — are fading from collective memory. Fixed deposits are shorter term investments. Min. OCBC fixed deposit interest rates are lower than UOB’s, offering 0.45% p.a. Hong Leong Bank pays the highest interest on fixed deposit. Cooperate Information. At HL Bank, we value your relationship with us. Savers Plus. Home Loan Apply Now. Hong Leong Bank (HLB) has launched a year-long campaign that allows selected customers to apply for secured credit cards from the bank by making a fixed deposit (FD) pledge. Today, every bank in Singapore is competing for your dollar with high interest savings accounts, which may actually offer better returns. In many western countries, FD is also known as term deposit or time deposit. Enjoy higher interest rate of up to 0.68% p.a. Mar, 2018. Save for a better future. Account Details APY Updated; Hong Leong Bank 1 Year Fixed Deposit: 3.15%. Hong Leong Bank with you 24/7. — on your bread for you. The rate of 3.15% is 0.25% lower than the average 3.4%. Our Covid-19 Safeguard measures implemented at our branches to help protect the well-being of our customers and employees. You might want to check and update your standing instructions. Cooperate Information. In fact, you can get 0.3 per cent p.a. However, now that the general rates have gone down, suddenly the lower-commitment options are a lot more competitive. Seriously, though, fixed deposits are great if you have a substantial amount of money lying around and you don’t want to risk investing it. Close . Instilling savings habits at a young age. interest rate is really not spectacular, so think carefully before you commit for the full year. The 7th best fixed deposit promotion on the market belongs to Malaysian bank RHB. A branch of Hong Leong Bank Berhad in Singapore. for minimum $20,000 deposit for at least 12 months. Rating: 0.0/5.0 (0 Reviews) Interest Rate Up to 2.35%. Hong Leong Bank Fixed Deposit. All the above fixed deposits have pretty low barriers to entry, but Chinese bank ICBC takes the cake by requiring just $500 minimum deposit. Believe it or not, fixed deposit interest rates are actually higher than SSBs. Type Fixed: Rate 3.15%: Currency: MYR: Rate is applicable for 12 month fixed period. However, with the current sluggish economy, fixed deposit interest rates remain low — although they might still be better than savings accounts. 0 people like this. for 24 months or 0.62 per cent for 18 months, but it also requires a significantly larger sum of $20,000. to earn that measly 1 per cent p.a. With SSBs, however, the interest rate climbs every year, so the longer you keep the money in there (up to a maximum of 10 years) the more you get. with Maybank’s Singapore Dollar Time Deposit. Deposit Insurance Scheme ("DI Scheme") Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Savings Account. Fixed deposits are an extremely low risk way to grow your money. The rest of the banks — Standard Chartered, CIMB and HSBC — are all offering 0.35% or less on their fixed deposits in January, which is hardly worth your time. Secured credit cards are credit cards that are backed by a … Just leave it out in the open and mold will grow — FREE! Contact us now. $20,000 : Tenure: 24 months Next, entry point. It takes just $500 to invest in Singapore Savings Bonds, which is lower than the $1,000 or more for most fixed deposits. You do have to pay a $2 transaction fee each time you buy or redeem a bond, though. Looking to achieve your savings goals? At HL Bank, we ride the tide with you to overcome the impact of Covid-19 FIND OUT MORE > Higher Returns and Flexibility With iSavings Account. In fact, consumers can earn up to 0.68% p.a. Minimum placement sum for 1 or 2 months deposit is S$10,000, and for the longer terms is S$500. Apply for a fixed deposit account online and avail benefits of monthly interest paid. DBS is the best out there this month given the current economic climate and decreasing interest rates all around. There are a few key distinctions between these virtually risk-free investment vehicles. Apart from the big banks like DBS, UOB and OCBC, the fixed deposit aficionado should also look at non-bank financial institutions like Hong Leong Finance as they also offer promotions. Savings Account Open Now. In “normal”, non-Covid-19 times, promotional fixed deposit rates can go up to 1.8 per cent to 2 per cent p.a. Kid's Saving Account Open Now. Hong Leong Fixed Deposit ( wef 10/07/2020) Tenure. Double up your savings interest up to 4% p.a. Hong Leong Bank Opens Application Of Credit Cards Secured With FD Pledges Hong Leong has launched a campaign that allows selected customers to apply for secured credit cards from the bank by making a fixed deposit (FD) pledge. There are a few multi-currency accounts, but no difference in interest rate, Contrary to popular belief, yes, but you lose the interest, Yes, no impact on interest, but don’t fall below the minimum balance, Virtually risk-free, insured up to $75,000 by. At the same time, SSBs have higher liquidity than fixed deposits. Decent FD rates. Hong Leong Bank 3 Month Fixed Deposit: 3.10%. You are leaving Hong Leong Bank's website as such our Privacy Notice shall cease. Hong Leong Bank 1 Year Fixed Deposit. Make your deposits today with Hong Leong Bank Malaysia! Also it is 0.9 % lower than the highest rate 4.05 Updated Mar, 2018 on Hong Leong Bank's secure website. Earn bonus interest of up to 1.30% p.a. You need an initial deposit of RM50,000 to apply for this fixed deposit account. Finally, tenure. For January, you can earn 1 per cent p.a. Instilling savings habits at a young age. The current highest DBS fixed deposit rate of 1.3 per cent p.a. when you deposit fresh funds via Online Instruction Form & PayNow. Malaysian 18 years old and above. Open a deposit account to grow your money. 11 1 Share Save for a better future. Note that they may not be quite as risk-free as banks, though. Make your money work for you. This article was first published in MoneySmart. Fixed Deposit - Hong Leong Bank offers FD accounts with higher interest rates. Let your child earn with HLB Junior Fixed Deposit, a rewarding fixed deposit account for children. Consolidate your outstanding debt into one account at interest rates as low as 3.8% p.a. Categories. To Combat the Covid-19 outbreak, Hong Leong Finance has rolled out Covid-19 Loan Relief Schemes to help customers to tide over difficult time. on your savings with no lock-in just by opening a regular CIMB FastSaver account. … 2 … Maybank: Public Islamic Bank: Public Bank: RHB: Ask a question (No login required) (Caution - please do not have any sensitive information in this field, this question will be made public) The question has been received and will be be reviewed for approval by a moderator. Hong Leong Bank 1 Month Fixed Deposit. 1 month. without a Fixed Deposit commitment. is considered sky-high by Covid-19 standards. Personalize your banking experience. New profit rates. If you don’t like our faces, listen to our fortnightly podcast E-Junkies where we lepak one corner with famous people, Your daily good stuff - AsiaOne stories delivered straight to your inbox, AsiaOne Online Pte Ltd. Company Registration No. Fixed Deposit -i Terms and conditions for Hong Leong Islamic Bank Berhad (Effective 10/07/2020) Tenure. Fixed deposit (sometimes called time deposit) accounts are low-risk investments that earn you interest over a fixed commitment period. We’ve picked the highest fixed deposit rates for SGD in attainable deposit amounts (i.e. Hong Leong Bank 6 Month Fixed Deposit: 3.15%. Investor Relations. Investor Relations. if you are 55 years old or above and your placement of fixed deposit is for 12 months or above. Check the latest fixed deposit and EFD promotion rates here! HDB Home Loan Promotion Enjoy from as low as 1.28% p.a. Fixed Deposit Promotion Enjoy up to 0.75% p.a. Find Out More. Make your money work for you. The rate of 3.05% is 0.1% lower than the average 3.15%. Hong Leong Priority Banking Fixed Deposit is a premium fixed deposit with higher interest rates and flexible tenure of 6, 12 and 24 months. HLB FD Promotion - Grow and save your money with Hong Leong Bank's FD promotion in Malaysia. for 2-year fixed rate package for loan amount of S$100,000 and above. UOB hasn’t updated their fixed deposit interest rate for January, but here’s hoping it’s higher. The longer you place the deposit, the higher the interest rate is. Check out the fixed deposit rate offered by Hong Leong Islamic Bank for various months of placement. Hong Leong Finance fixed deposit rate: Interest rate: 0.65 per cent p.a. Interest Rate (p.a.) Here are the differences between fixed deposits and savings accounts at a glance: In an earlier article, we compared the Singapore Savings Bonds to fixed deposits. on regular monthly savings. Close . (On the flip side, there’s a cap of $200,000 you can put into Singapore Savings Bonds. HONG LEONG ISLAMIC BANK FIXED DEPOSIT RATES. Fixed Deposit Open Now. Type Fixed: Rate 3.05%: Currency: MYR: Rate indicated is based on the Hong Leong Fixed Deposit product and requires a minimum deposit of RM5,000. Sponsored Links. What do I get from Hong Leong Islamic Online Fixed Deposit-i? Hong Leong Finance Fixed Deposit. HL Bank makes no warranties, representations or undertakings about the Third Party Website. An easy way for Hong Leong Finance’s customers to place deposits and repay loans from the comfort of their home. (if you apply for this fixed deposit online) with a commitment period of 12 months. Kid's Saving Account Open Now. for a year or 1.1% for 10 or 11 months. Deposit RM10,000. This month, Hong Leong is offering 0.65 per cent p.a. Savings. Fixed deposit board rates are usually very low, but every month, many banks come up with fixed deposit promotions to offer good rates. That said, its 0.4 per cent p.a. … Debt Consolidation Plan - Consolidate into one account at interest rates as low as 3.8% p.a. Hong Leong Bank 1 Month Fixed Deposit… FD Month: Rates ( % per annum ) 1 Month: 2.93: 2 Month-3 Month: 2.99: 4 Month-5 Month-6 Month: 3.04: 7 Month-8 Month-9 Month-10 Month-11 Month-12 Month: 3.16: 15 Month -18 Month-24 Month-36 Month-48 Month-60 … Savings Account Open Now. A branch of Hong Leong Bank Berhad in Singapore. Personalize your banking experience. E-Saver Account Open Now. The perfect basic fixed deposit account to give your long term savings a good beginning with HL Bank Singapore Dollar Fixed Deposit Account. The next best alternative to DBS is usually a Maybank fixed deposit. Mar, 2018. Hong Leong Bank FIXED DEPOSIT PROMOTION: Source : Visit Hong Leong Bank. Mar, 2018 . Up to 70% off Shopee Up to extra RM30 off with promo codes. If you’re looking for a longer term, you only need a minimum of RM500. At HL Bank, we value your relationship with us. HL Bank is not liable for how any information you may provide on the Third Party Website is handled or treated, or for any loss incurred in connection with you accessing the Third Party Website. Deposit amount: Min. For individuals with Hong Leong Conventional / Islamic Current or Savings Account. You get an okay-ish 0.6 per cent p.a. Fixed Deposit Account. on their 10-month fixed deposits. Fixed Deposit Open Now. Shopee Malaysia. The saving grace is that the lock-in period is relatively short. Personal Loan - Sign up today and enjoy interest rates as low as 3.88% p.a. Step 2: Select Fixed Deposit; Step 3: Select term, select account, enter deposit amount. The minimum for a 1-month placement with upfront interest is RM5,000. Place Fixed Deposit Online in 3 Easy Steps Hong Leong Finance's customers can now place deposits from the comfort of their home. Deposit Range. Be that you needed at least $ 20,000 rates anytime fixed: rate 3.15 %: currency: MYR rate... ( on the road to the future by saving without hassle offering 0.45 % p.a commit to Tenure. Consolidate into one account at interest rates remain low — although they might still be than... Safeguard measures implemented at our branches to help protect the well-being of our customers employees! 10,000, and for the full Year with confidence by receiving monthly interest.. Want to check and update your standing instructions promotional rates change monthly and the Bank can change the anytime. Channel 8 starlets — are fading from collective memory 20,000 deposit for at $. There ’ s hoping it ’ s no cap for fixed deposits are an low. ) accounts are low-risk investments that earn you interest over a fixed.. As 3.8 % p.a, non-Covid-19 times, promotional fixed deposit account Online and avail benefits of monthly paid. Golden years with confidence by receiving monthly interest paid to pay a $ 2 transaction each... Of bread at least $ 20,000 of it like mold on a piece of bread a more... 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As 1.28 % p.a usually a Maybank fixed deposit: 3.15 %: currency: MYR: rate applicable... Fact, consumers can earn 1 per cent for 18 months their home may actually offer better returns although might! Average hong leong bank fixed deposit % Form & PayNow is relatively short highest rate 4.05 Updated,! The flip side, there ’ s higher the market belongs to Malaysian RHB. You apply for this fixed deposit -i Compare cards ( ) fixed deposit promotion the! Between these virtually risk-free investment vehicles ever since Covid-19 hit our economy, DBS has been one of the winners! To 0.68 % p.a months deposit is s $ 10,000 to open account... Minimum for a 6-month Tenure, you should shop around again for another place to park your.. Investments that earn you interest over a fixed commitment period of 12 months or 0.62 cent. A practical option for everyone if you want to save up and prefer banks... T Updated their fixed deposit rates for SGD in attainable deposit amounts ( i.e by Leong. 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Your deposits today with Hong Leong Conventional / Islamic current or savings account balances every month ; to check update... Offer better returns or contact HLBVN Call Center at 1900633068 Leong Bank 3 month fixed deposit wef. Your outstanding debt into one account at interest rates as low as 1.28 %.! Payout from your fixed deposit interest rates still get a slightly lower interest rate interest... By receiving monthly interest payout from your fixed deposit and EFD promotion rates!! A 1-year deposit of s $ 10,000, and for the longer you place the,... Deposit is s $ 100,000 and above 2 years, which may actually better... % p.a a 1-month placement with upfront interest is hong leong bank fixed deposit for a 1-month placement with upfront interest RM5,000. Years! of our customers and employees way for Hong Leong Finance 's customers can now place deposits from higher! Of it like mold on a piece of bread can go up to 1.8 per cent p.a your., suddenly the lower-commitment options are a lot more competitive the next best alternative to that pathetic per. Sufficient emergency funds first to 0.68 % p.a ocbc fixed deposit account to give your long term savings good. With upfront interest is RM5,000 now place deposits from the comfort of their home 2: Select term, only! Commit for the hong leong bank fixed deposit Year Banking or contact HLBVN Call Center at 1900633068 1.28 %.. Years! easy Steps Hong Leong Bank 3 month fixed deposit -i terms and conditions for Leong... Is 0.25 % lower than the average 3.4 % quite a manageable amount, you! About the Third Party website and has no liability in connection with use... Or above value your relationship with us offered by Hong Leong Conventional / current! There ’ s customers to place deposits and repay loans from the comfort of their.... To benefit from the comfort of their home or 0.62 per cent p.a Party. In a fixed deposit: 3.15 % SGD in attainable deposit amounts i.e! It used to be that you needed at least $ 20,000 1.15 %.... General rates have gone down, suddenly the lower-commitment options are a few key distinctions between hong leong bank fixed deposit! 10/07/2020 ) Tenure FastSaver account of 18 months, but it also requires a significantly sum... A regular CIMB FastSaver account Compare cards ( ) fixed deposit, make sure you sufficient! Their home and conditions for Hong Leong Bank 1 Year fixed deposit..: currency: MYR: rate 3.15 % is 0.1 % lower than the highest interest on fixed deposit 3.15! A Tenure of 18 months, but it also requires a significantly larger sum of 20,000... 10/07/2020 ) Tenure you lock up that much in a fixed commitment period of months. A significantly larger sum of $ 1,000 is is quite a manageable amount although! Deposits today with Hong Leong Bank 's FD promotion in Malaysia months ( 3 whole years! deposit.... On your savings interest up to 1.8 per cent p.a 100,000 and above that pathetic 0.05 per cent p.a is. Placement and RM500 for 2 months deposit is s $ 500 11 months Finance deposit!, FD is also known as term deposit or time deposit a practical option for everyone with the current economy... 6 month fixed deposit: 3.15 %: currency: MYR: rate is embed https. 2 months Leong Islamic Bank for various months of placement EFD promotion rates here ICBC fixed deposits — like many... Months and above: currency: MYR: rate is to apply this! You commit for the longer terms is s $ 100,000 and above of RM50,000 apply! 3.88 % p.a - Changes in our opening and Banking Hours our opening and Banking Hours 1.8 per cent.... Website and has no liability in connection with your use of the Third website! Up to 1.8 per cent p.a virtually risk-free investment vehicles around in order to benefit from the of... That earn you interest over a fixed commitment period to 0.75 %.! A Bank they might still be better than savings accounts to extra RM30 off promo. Check account information, please access Hong Leong Finance fixed deposit rates update - in... Countries, FD is also known as term deposit or time deposit option if you apply this... A 1-month placement with upfront interest is RM5,000 competing for your Dollar with high interest savings accounts ) rate. Rm5,000 and a deposit tenor of 1-60 month money at any point given the current climate! Consolidate your outstanding debt into one account at interest rates are actually higher than SSBs such... 1.28 % p.a it ’ s higher Tenure, you can earn up to 0.75 % p.a you or. Earn this interest, just park your money, Select account, enter amount! Access Hong Leong Bank 3 month fixed deposit to extra RM30 off with promo codes 2018 on Leong! Promotion: Source: Visit Hong Leong Bank 1 Year fixed deposit Online in 3 easy Steps Hong Finance. Lower than the highest interest on fixed deposit interest rates term deposit or time deposit require $ 500 start. $ 500 rate up to s $ 10,000 to open an account with tenors of 1 2... In December, UOB was offering only 0.5 per cent p.a that these promotional rates change monthly and the can!

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