Hong Leong Bank Offers 4.7% p.a. Promotional Interest Rate For HLB Wallet
Author Avatar

Hong Leong Bank has launched a deposit promotion for its HLB Wallet Account which is set to run from now until 30 June. Exclusive to only new HLB Wallet users, this promotion allows you to earn a 4.70% p.a. daily interest/profit rate until 7 July 2024. This is part of a teaser campaign before a larger one for all HLB customers later in July.

The promotional 4.7% p.a. profit/interest rate is applicable to the first RM70,000 balance in the account, and account holders must maintain a minimum end-of-day balance of RM4,700. Maximising this promotional rate will earn RM252.38 in interest/profit over the 28-day period (which started on 10 June).

As with other promotional deposit campaigns, there is a maximum placement cap which is set at RM700,000,000 across all participating HLB Wallet Accounts, and available on a first-come, first-served basis.

Furthermore, Hong Leong Bank also hinted at a bigger campaign to come, beginning on 8 July 2024. Traditionally, July is HLB’s Digital Day campaign which includes a huge amount of month-long banking promos, from savings and fixed deposit, credit cards, loans, and various lifestyle offers – here’s a snippet of Hong Leong Digital Day in 2020.

HLB Wallet is Hong Leong Bank’s “digital wallet” which was launched last year, combining the features of an e-wallet app and a multi-currency account. If you’re interested in opening an HLB Wallet Account/-i, you can do so online via the Apply@HLB app or by visiting your nearest Hong Leong Bank branch, available for all individuals aged 12 and above.

(Source: Hong Leong)

2 1 vote
Article Rating
SHARE

Comments (2)

Subscribe
Notify of

2 Comments
As with my As
2 years ago

Trap! Earn 0% interest since you won’t know whether placement cap is reached.

Don’t generalize such BS action by GXBank, AEON Bank and now HLB Wallet by saying “As with other promotional deposit campaigns”

Rize by Al-Rajhi Bank had been offering a very competitive promo rate for an extended duration of time with NO PLACEMENT CAP. Should refrain from falling into such BS promo with placement cap by BS entities.

ssenik
2 years ago
Reply to  As with my As

I understand your concern about placement caps in promotions. From our perspective, HL aims to offer competitive promotions that cater to a wide range of needs.

Most Viewed Articles
Post Image
Savings
Spider-Man Brings A Brand New Day To Hong Leong Bank Cards
Eloise Lau
- 10th August 2026
Hong Leong Bank (HLB) is releasing a set of limited edition cards and umbrellas tied to the film […]
Post Image
Savings
Maybank Cardholders Get Up To RM388 Off The iPhone 18 Pro and iPhone Duo
Eloise Lau
- 15th September 2026
Maybank cardholders can get up to RM388 off selected new iPhone models from 12 September to 31 December […]
Post Image
Savings
Maybank Amex Gold Card Adds 10% Cash Back
Iman Aminuddin
- 24th July 2026
Maybank will enhance benefits for the American Express Gold Charge Card from 14 August 2026, adding a new […]
Post Image
Savings
RHB Treasure Jar Offers Up To 2.00% p.a. And Monthly Cash Draws
Eloise Lau
- 4th August 2026
RHB has launched a savings campaign called Save More, Win More, which pays a profit rate of up […]

Related articles

Related Posts Image
Related Posts Image
Related Posts Image
Related Posts Image