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. Today, every bank in Singapore is competing for your dollar with high interest savings accounts, which may actually offer better returns. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. Helping you achieve your personal goals. Fixed Deposit Open Now. 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. 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. Savings. If you click ‘Continue’, you will leave the HL Bank website to access a third party website ("Third Party Website"). Cons . Find Out More. This month, Hong Leong is offering 0.65 per cent p.a. New profit rates. The saving grace is that the lock-in period is relatively short. 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. Hong Leong Bank FIXED DEPOSIT PROMOTION: Source : Visit Hong Leong Bank. Our Covid-19 Safeguard measures implemented at our branches to help protect the well-being of our customers and employees. Also it is 0.9 % lower than the highest rate 4.05 Updated Mar, 2018 on Hong Leong Bank's secure website. However, now that the general rates have gone down, suddenly the lower-commitment options are a lot more competitive. E-Saver Account Open Now. Open a deposit account to grow your money. Hong Leong bank offers fixed deposits with a minimum deposit of RM5,000 and a deposit tenor of 1-60 month. Fixed deposit (sometimes called time deposit) accounts are low-risk investments that earn you interest over a fixed commitment period. Investor Relations. Make your deposits today with Hong Leong Bank Malaysia! Instilling savings habits at a young age. 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. Hong Leong Finance fixed deposit rate: Interest rate: 0.65 per cent p.a. Personal Loan - Sign up today and enjoy interest rates as low as 3.88% p.a. DBS is the best out there this month given the current economic climate and decreasing interest rates all around. Deposit RM10,000. Fixed deposit board rates are usually very low, but every month, many banks come up with fixed deposit promotions to offer good rates. Hong Leong Finance Fixed Deposit. Contact us now. Type Fixed: Rate 3.15%: Currency: MYR: Rate is applicable for 12 month fixed period. There are a few key distinctions between these virtually risk-free investment vehicles. Hong Leong Bank with you 24/7. However, with the current sluggish economy, fixed deposit interest rates remain low — although they might still be better than savings accounts. Review on Hong Leong Bank Fixed Deposit. In “normal”, non-Covid-19 times, promotional fixed deposit rates can go up to 1.8 per cent to 2 per cent p.a. for 24 months or 0.62 per cent for 18 months, but it also requires a significantly larger sum of $20,000. 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. Check out now to know the HLB's attractive interest rates. OCBC fixed deposit interest rates are lower than UOB’s, offering 0.45% p.a. Overdue Fixed Deposit (3 to 36 months) will be paid on the then prevailing Board Rate for completed quarter(s) or cycle(s). For individuals with Hong Leong Conventional / Islamic Current or Savings Account. The perfect basic fixed deposit account to give your long term savings a good beginning with HL Bank Singapore Dollar Fixed Deposit Account. Double up your savings interest up to 4% p.a. Fixed Deposit Promotion Enjoy up to 0.75% p.a. Close . Sign up today and enjoy interest rates as low as 3.88% p.a. 1 month. Other Malaysia Banks. The November issue of SSBs offers a measly 0.23 per cent p.a. All the above fixed deposits have pretty low barriers to entry, but Chinese bank ICBC takes the cake by requiring just $500 minimum deposit. It takes just $500 to invest in Singapore Savings Bonds, which is lower than the $1,000 or more for most fixed deposits. Oh dear, local banks UOB and OCBC (see below) certainly fall short of DBS when it comes to fixed deposit rates of late. Fixed Deposit -i Compare Cards () Fixed Deposit -i . Mar, 2018 . Hong Leong Bank Fixed Deposit. 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. Min. with a 1-year deposit of S$20,000 and above. Hong Leong also offers the best fixed deposit interest rates in Singapore where you can earn 1.20% p.a. In December, UOB was offering only 0.5 per cent p.a. Next, entry point. The minimum for a 1-month placement with upfront interest is RM5,000. For January, you can earn 1 per cent p.a. Enjoy higher interest rate of up to 0.68% p.a. Fixed Savings Account. Debt Consolidation Plan - Consolidate into one account at interest rates as low as 3.8% p.a. Save for a better future. First, interest rates. UOB hasn’t updated their fixed deposit interest rate for January, but here’s hoping it’s higher. Shopee Malaysia. Interest Rate (p.a.) for 2-year fixed rate package for loan amount of S$100,000 and above. Personalize your banking experience. After the lock-in period is over, you should shop around again for another place to park your money. Personalize your banking experience. The rate of 3.15% is 0.25% lower than the average 3.4%. Confirm; To check account information, please access Hong Leong Connect Internet Banking or contact HLBVN Call Center at 1900633068. 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. HONG LEONG ISLAMIC BANK FIXED DEPOSIT 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. … interest rate is really not spectacular, so think carefully before you commit for the full year. In fact, you can get 0.3 per cent p.a. A branch of Hong Leong Bank Berhad in Singapore. (On the flip side, there’s a cap of $200,000 you can put into Singapore Savings Bonds. Minimum placement sum for 1 or 2 months deposit is S$10,000, and for the longer terms is S$500. 0 people like this. Short tenure. Ease into your golden years with confidence by receiving monthly interest payout from your fixed deposit. You will not be penalised if you withdraw your money at any point. Latest Update - Changes in our Opening and Banking Hours. HLB FD Promotion - Grow and save your money with Hong Leong Bank's FD promotion in Malaysia. The longer you place the deposit, the higher the interest rate is. Savings Account Open Now. You do have to pay a $2 transaction fee each time you buy or redeem a bond, though. Looking to achieve your savings goals? Otherwise, you can still get a slightly lower interest rate of 1.15% p.a. Minimum deposit of RM5,000 for 1 month placement and RM500 for 2 months and above. if you are 55 years old or above and your placement of fixed deposit is for 12 months or above. 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. The minimum of $1,000 is is quite a manageable amount, although you have to commit to a tenure of 18 months. This month is no exception. In fact, consumers can earn up to 0.68% p.a. 11 1 Share Up to 70% off Shopee Up to extra RM30 off with promo codes. There’s no cap for fixed deposits.). on their 10-month fixed deposits. Savings Account. 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. Personal Financial Services. You get an okay-ish 0.6 per cent p.a. Categories. 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. 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. Cooperate Information. Decent FD rates. An easy way for Hong Leong Finance’s customers to place deposits and repay loans from the comfort of their home. The rate of 3.15% is 0.25% lower than the average 3.4%. Hong Leong Bank 1 Year Fixed Deposit: 3.15%. 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. Account Details APY Updated; Hong Leong Bank 1 Year Fixed Deposit: 3.15%. Think of it like mold on a piece of bread. Fixed deposits are an extremely low risk way to grow your money. Even for a 6-month tenure, you can still earn 1.0% p.a., which is a practical option for everyone. Make your money work for you. At HL Bank, we value your relationship with us. Note that they may not be quite as risk-free as banks, though. It’s a good option if you want to save up and prefer local banks. Hong Leong Fixed Deposit ( wef 10/07/2020) Tenure. is considered sky-high by Covid-19 standards. Check the latest fixed deposit and EFD promotion rates here! to earn that measly 1 per cent p.a. Kid's Saving Account Open Now. 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. 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. Rating: 0.0/5.0 (0 Reviews) Interest Rate Up to 2.35%. Close . HDB Home Loan Promotion Enjoy from as low as 1.28% p.a. The rate of 3.05% is 0.1% lower than the average 3.15%. interest on savings accounts, fixed deposits — like so many ageing Channel 8 starlets — are fading from collective memory. Add on extra 0.125% p.a. Once an attractive alternative to that pathetic 0.05 per cent p.a. — on your bread for you. 1.50%. Kid's Saving Account Open Now. This article was first published in MoneySmart. E-Saver Account Open Now. on your savings with no lock-in just by opening a regular CIMB FastSaver account. $50,000 and below). 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. You are leaving Hong Leong Bank's website as such our Privacy Notice shall cease. Before you lock up that much in a fixed deposit, make sure you have sufficient emergency funds first. Helping you achieve your personal goals. Malaysian 18 years old and above. Set yourself on the road to the future by saving without hassle. 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. Hong Leong Bank 3 Month Fixed Deposit: 3.10%. 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. Deposits are insured up to S$75,000 by SDIC. Cooperate Information. Make your money work for you. Consolidate your outstanding debt into one account at interest rates as low as 3.8% p.a. Home Loan Apply Now. Minimum of S$500 for longer tenors. Believe it or not, fixed deposit interest rates are actually higher than SSBs. Deposit amount: Min. Secured credit cards are credit cards that are backed by a … Pros . Fixed Deposit Interest Rates Effective Date: 19-Jan-2021 9:30AM Last Updated: 19-Jan-2021 9:30AM Isn't it time you prepare yourself for tomorrow? At HL Bank, we value your relationship with us. Limited time promotion. You don’t need to do anything to earn this interest, just park your money with a bank. $20,000 : Tenure: 24 months What do I get from Hong Leong Islamic Online Fixed Deposit-i? : 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. HL Bank makes no warranties, representations or undertakings about the Third Party Website. Fixed Deposit Open Now. Hong Leong Bank 1 Month Fixed Deposit… when you deposit fresh funds via Online Instruction Form & PayNow. Savers Plus. 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 … Save for a better future. without a Fixed Deposit commitment. Minimum of S$10,000 to open an account with tenors of 1 or 2 months. Rates show are per annum. Note that these promotional rates change monthly and the bank can change the rates anytime. 1 … Apply online now! The next best alternative to DBS is usually a Maybank fixed deposit. Just leave it out in the open and mold will grow — FREE! Unfortunately you have to leave it in for 36 months (3 whole years!) Investor Relations. Apply for a fixed deposit account online and avail benefits of monthly interest paid. Finally, tenure. Mar, 2018. 2 … Sponsored Links. Home Loan Apply Now. Fixed deposits are shorter term investments. … Savings Account Open Now. Hong Leong Bank with you 24/7. when you deposit and grow your Hong Leong Savings Account balances every month. Hong Leong Bank 1 Year Fixed Deposit. HL Bank has no control over the Third Party Website and has no liability in connection with your use of the Third Party Website. Also it is 0.35 % lower than the highest rate 3.40 Updated Mar, 2018 on Hong Leong Bank's secure website . Hong Leong Bank 6 Month Fixed Deposit: 3.15%. That said, ICBC fixed deposits only require $500 to start. At the same time, SSBs have higher liquidity than fixed deposits. (if you apply for this fixed deposit online) with a commitment period of 12 months. We’ve picked the highest fixed deposit rates for SGD in attainable deposit amounts (i.e. Fixed Deposit Account. Hong Leong Priority Banking Fixed Deposit is a premium fixed deposit with higher interest rates and flexible tenure of 6, 12 and 24 months. Rate is applicable for 12 month fixed period. Place Fixed Deposit Online in 3 Easy Steps Hong Leong Finance's customers can now place deposits from the comfort of their home. The current highest DBS fixed deposit rate of 1.3 per cent p.a. If you’re looking for a longer term, you only need a minimum of RM500. Personal Loan. Enjoy higher interest rate of up to 0.68% p.a. for 12 months tenure and 0.70% p.a. In many western countries, FD is also known as term deposit or time deposit. Mar, 2018. without a Fixed Deposit commitment. Hong Leong Bank 1 Month Fixed Deposit. Step 2: Select Fixed Deposit; Step 3: Select term, select account, enter deposit amount. [embed]https://www.youtube.com/watch?v=Sq9hjlnEgY0&feature=emb_logo[/embed]. 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. Hong Leong Bank Fixed Deposit Interest Rates. for a year or 1.1% for 10 or 11 months. Earn bonus interest of up to 1.30% p.a. A branch of Hong Leong Bank Berhad in Singapore. Hong Leong Finance fixed deposit board rates. for minimum $20,000 deposit for at least 12 months. You need an initial deposit of RM50,000 to apply for this fixed deposit account. Check out the fixed deposit rate offered by Hong Leong Islamic Bank for various months of placement. The 7th best fixed deposit promotion on the market belongs to Malaysian bank RHB. That said, its 0.4 per cent p.a. Hong Leong Bank 6 Month Fixed Deposit: 3.15%. Deposit Range. 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. 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