Hong Leong Junior Fixed Deposit

Start investing in your child's future - with a Junior Savings Account and Junior Debit Card - and get cash withdrawals while earning high interest.

Hong Leong Junior Fixed DepositInvest For Your Child
Min. Deposit
RM1,000
Auto-renewal
Yes
Daily Interest
No
Early Withdrawal
Yes
Type
Conventional

Fixed Deposit Calculator

Interest Rate

What you earn based on the amount that you have in your account

You DepositDeposit PeriodEffective Interest Rate
min. RM1,00012 to 60 months1.75% p.a.

Fees & Charges

Lost of Fixed Deposit Certificate

    Requirements

    More Information

    What do I need to know about Hong Leong Junior Fixed Deposit?

    Hong Leong Junior Fixed Deposit is a combination of fixed deposit account and Junior Savings Account (with a Junior Debit Card) rolled into one - ideal for parents who want to save for their children's future because it earns higher interest rate for a fixed period. 

    You'll also enjoy the flexibility and convenience of withdrawing extra cash when you need it.

    This account is open to all Malaysians, permanent residents, and non-residents below the age of 18. 

    You, as a parent, can open this fixed deposit for your child with just RM1,000.

    Give me the benefits for the Junior FD?

    Firstly, you'll make good profit on your investment from a high interest rate, which is calculated daily for both Junior FD and Junior Savings Account. 

    Interest is paid directly to your accounts every month.

    If you want to try something a little bit clever ask for a Standing Instruction that can transfer money from the Junior Saving account to the Junior FD in multiples of RM1,000 up to RM5,000 whenever the balance in Junior Saving account exceeds RM2,000. 

    Kind of enforced saving - great if your kid is looking to go to Uni, or stashing cash away for some big purchase when they go out into the wide world of work.

    Can I withdraw my money before maturity?

    If you wish to make a premature withdrawal of your money before the fixed deposit reaches its maturity, you will no longer receive interest on the withdrawn amount.

    Does PIDM protect this fixed deposit account?

    Yes, PIDM protects both the Junior Savings account as well as the Junior FD. If ever the bank goes up in smoke you'll be insured to the tune of RM250,000.

    How do I open Hong Leong Junior Fixed Deposit for my child?

    The parent(s) or legal guardian of the child must make the application.

    You just need the child’s birth certificate and Identification Card (if any) to sign up.

    When your child turns 18 years old, the Junior Savings Account will be automatically converted into a normal joint savings account with you and your child as the owners.