What's great about Hong Leong e-Fixed Deposit?
Enjoy high returns on your investments with Hong Leong e-Fixed Deposit with flexible tenures between 1 month to 1 year at high interest rates!
Your account will be linked to Hong Leong Connect for easy management of your cash via online banking.
Am I eligible to make placement?
To place a deposit you first need to hold a Hong Leong Savings Account or Current Account that is registered for Hong Leong Connect
All individuals and sole proprietors who are Malaysians and 18 years or age and above are eligible to sign up for Hong Leong e-Fixed Deposit.
The following bodies and organisations are not eligible to open an account:
- Non-profit Organisations
- Other Business Entities
What should I know about deposits?
You’re allowed to make multiple Fixed Deposit placements via Hong Leong Connect between 6am to 11pm everyday. Your interest rates will be determined based on the interest rates at the time of placement.
The minimum deposit requirement is RM5,000 for one-month tenures, while 2-month tenures and above require a placement of RM500 only.
Can I make withdrawals from my account?
Yes, you are allowed to break your e-Fixed Deposit but you’ll risk losing all the interest that you have earned.
The only exceptions are for Fixed Deposits with tenures above 3 months. In this case, if you make a withdrawal after the 3rd month you will receive only 50% of the pre-agreed interest rate.
How do I renew my e-Fixed Deposit?
Auto-renewals are available, with the same tenure and interest rate, provided that you select the Auto Renewal option when making the placement via Hong Leong Connect.
Otherwise your principal deposit and interest will be credited into your Savings Account or Current Account upon maturity.