What can I get from Hong Leong Islamic Term Deposit-i?
Hong Leong Islamic Term Deposit-i is a Shariah-compliant fixed deposit account that offers attractive fixed profit rates, which is agreed upon opening the account with Hong Leong Islamic Bank.
You will be issued a deposit slip once you have placed your money, along with access to Hong Leong Banking services, including Hong Leong Connect.
When does Hong Leong Islamic pay the profit?
You can choose the profit payment to be paid either on a monthly basis or upon maturity.
Can I renew my fixed deposit investment?
Yes, you may. You have the option to select the renewal instruction during the placement of your fixed deposit.
If you do not wish to have your fixed deposit automatically renewed, you can instruct the bank prior to maturity and have your money credited into your current or savings account.
What do I need when making an application?
If you want to open either a personal or joint account, including a company account, you will need the following:
- Minimum placement of RM500 for 2 months and above and RM5,000 for a 1-month placement
For personal and joint accounts, all Muslims and Non-Muslims above the age of 18 are eligible. However, companies must be registered with ROC and involved in Shariah-compliant business and activities.
Is my fixed deposit money protected?
A maximum amount of RM250,000 will be protected by PIDM.
If you wish to invest more than that amount, it is advisable to place it in a separate term deposit account.