Hong Leong Bank

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

  • You DepositDeposit PeriodEffective Interest Rate
    more than RM100012 to 60 months2.5% p.a.

Apply online now for Hong Leong Junior Fixed Deposit

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Fees & Charges

There are always fees but how much are they?

Lost of Fixed Deposit certificate
  • RM5.00 Service Charge


Are you eligible for this Hong Leong Junior Fixed Deposit?

Maximum age
18 years old
Savings Account required

Frequently Asked Questions about Hong Leong Junior Fixed Deposit

Things you might want to know

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withdrawal of your money before the fixed deposit reaches its maturity, you will no longer receive interest on the withdrawn amount.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.

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