How much money do I need to invest?
This is a premium fixed deposit with higher than average interest rates, so the minimum initial deposit is also slightly steep at RM50,000. You can apply with a placement of 6, 12 or 24 months. If you're well invested in this FD, you can continue to grow your wealth and continue depositing in multiples of RM10,000.
Can I make prematurely withdraw my money?
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withdrawal of your money before the fixed deposit reaches its maturity, you will no longer receive interest on the withdrawn amount.
How will I earn my interest?
Your monthly interest will be credited monthly to your chosen Hong Leong Bank savings or current account.
What are the fees and charges to be aware of?
In general, there's no fees and charges involved on this FD account. However, you will be charged at RM5 on the loss of your fixed deposit receipt.
Is my money safe with the Hong Leong Priority Banking Fixed Deposit?
Yes, this FD placement is eligible for Perbadanan Insurans Deposit Malaysia ( PIDM) protection for up to RM250,000.