• Hong Leong Bank FD Promotion

    Hong Leong Bank (HLB) and Hong Leong Islamic Bank (HLIB) have come up with promotions on a few fixed deposit products. Get high returns on the money you deposit in an FD and FD-i account. Read through to know how the promotions work. Hurry and place your deposit within the promotion period to earn high-interest rates.

    Hong Leong Bank Fixed Deposit

    Promotion 1

    The campaign comes with two offers—6-month tenure and 8-month tenure. The former offer is applicable to the FD products—Conventional FD, Priority Banking Premium FD, Senior Savers Flexi FD, and Junior FD. The latter offer is applicable to Conventional FD Account.

    You can enjoy a promotional rate of 4.00% p.a. and 4.10% p.a. on the former and latter offer respectively when you deposit a minimum amount of RM10,000 in one of the eligible FD product. The maximum deposit amount allowed is RM2 million.

    Minimum Deposit Amount Deposit Tenure Participating Products Promotional Rate
    RM10,000 6 months Conventional FD, Priority Banking Premium FD, Senior Savers Flexi FD, and Junior FD. 4.00% p.a.
    8 months Conventional FD 4.10% p.a.

    Promotion 2

    Open an eFixed Deposit/-i on the Hong Leong Connect platform and deposit a minimum sum of RM10,000 for 6 months. You can earn a promotional rate of 4.00% p.a. on the deposit amount. The promotion is valid only when you transfer the deposit amount via Financial Process Exchange (FPX).

    Minimum Deposit Amount Deposit Tenure Participating Products Promotional Rate
    RM10,000 6 months eFixed Deposit and eFixed Deposit-i 4.00% p.a.

    Promotion 3

    You have to open a Fixed Deposit-i (FD-i) Account with Hong Leong Islamic Bank and deposit a minimum sum of RM10,000 for a period of 12 months. A promotional rate of 4.20% p.a. can be earned on the amount deposited. A maximum of RM2 million can be deposited in the FD-i Account.

    Minimum Deposit Amount Deposit Tenure Promotional Rate Maximum Deposit Amount
    RM10,000. 12 months. 4.20% p.a. RM2 million.

    HL Bank Fixed Deposit Promotions Start & End Date

    Promotion 1

    The 6-month promotion is valid from 1 September 2018 until 31 October 2018. The 8-month promotion is valid from 6 September 2018 until 31 October 2018.

    Promotion 2

    The promotion began on 1 October 2018 and is valid until 15 November 2018.

    Promotion 3

    The campaign commences on 3 September 2018 and is valid until 31 October 2018.

    Hong Leong Fixed Deposit Promo 1 Terms & Conditions

    • The interest for the Conventional FD, Priority Banking Premium FD, and Junior FD are credited on a 6-month interval or upon maturity.
    • If you have deposited money in a Senior Savers Flexi FD, the interest will be paid on a monthly basis.
    • You have to nominate a CASA maintained with the Hong Leong Bank for interest crediting purpose.
    • Interest will not be paid on the partially withdrawn sum and premature withdrawal.
    • The deposit account cannot be used as collateral for any credit facility.

    Hong Leong Fixed Deposit Promo 2 Terms & Conditions

    • You must be a primary account holder of an HLB/HLIB current or savings account.
    • You must have a registered account on Hong Leong Connect.
    • Joint CASA/CASA-i account holders are not eligible for the promotion.
    • The deposit placement money must be from other banks.
    • The money must be transferred to the deposit account via FPX.
    • No interest/profit is paid if you make a premature withdrawal during the first 3 months of the placement.
    • On premature withdrawal after the completion of the first 3 months and before maturity, you can get half of the designated interest/profit rate for the number of months completed.
    • Partial withdrawal is not allowed.
    • The deposit account cannot be used as collateral for any credit facilities.
    • No interest is paid for the premature withdrawals done post 1 January 2019.
    • The interest/profit will be paid to the nominated CASA/CASA-i once every 6 months or upon maturity.

    Hong Leong Fixed Deposit Promo 3 Terms & Conditions

    • The promotion is not applicable to companies and corporate customers.
    • The deposit must be placed in fresh funds only.
    • You have to provide a CASA-i so the profit earned on the deposit amount will be credited to it.
    • The profit will be credited on a 6-month basis or upon maturity of the FD-i account.
    • Partial withdrawal of the deposit amount is not allowed.

    Compare these with other promotions and use them to enjoy amazing offers and discounts.

    Promotion 1 FAQs

    Q. Can I make partial withdrawal from an FD account?

    A. Yes. You can make partial withdrawal from an FD account and earn promotional rates on the remaining balance of the account. However, there are a few terms and conditions you have to follow:

    • Priority Banking Premium FD, Senior Savers Flexi FD, and Junior FD:
      • Partial withdrawal must be made in the multiples of RM3,000.
      • After partial withdrawal, the account must have a minimum balance of RM10,000.
    • Conventional FD:
      • Partial withdrawal must be made in the multiples of RM1,000.
      • A minimum balance of RM5,000 must be maintained in the account.
      • Partial withdrawal cannot be made prior to 27 September 2018.

    Promotion 2 FAQs

    Q. Is there a maximum transfer limit while sending money via FPX?

    A. Yes. There is a limit on the maximum amount you can transfer via FPX and it is RM30,000 per transaction.

    Q. Does the online deposit placement get reflected instantly?

    A. No. It may take a maximum of 2 working days for the online deposit placement to get reflected. The deposit commencement date is considered to be the date when all the placement procedure is completed.

    Promotion 3 FAQs

    Q. Can I uplift/partially withdraw the deposit amount before maturity? Do I still get the profit?

    A. You cam uplift or partially withdraw the deposit amount before maturity. However, no profit will be paid if:

    • You make a partial withdrawal within 31 December 2018.
    • The deposit account is uplifted before completing 3 months.

    If you uplift the deposit amount after the completion of 3 months but by 31 December 2018, you can earn 50% of the specified profit based on the number of completed months.

    You will not earn any profit if you uplift or partially withdraw after 1 January 2019.

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