Hong Leong Bank

Hong Leong Bank 3-in-1 Junior Account

Build a fortune for your children and pave a smooth ride for them with Hong Leong Bank 3-in-1 junior account! Get a savings account, fixed deposit and debit card all at once!

    • Min. AmountMax. AmountInterest Rate
      RM1RM500002.5% p.a.
      RM50001no maximum0.8% p.a.

    Features

    What would make it different?

    Online Banking
    Hong Leong Connect
    PIDM Protected
    ATM Card

    Fees & Charges

    There are always fees but how much are they?

    ATM Card Issuance Fee
    RM8.48
    MEPS Withdrawal Fee
    RM1.06
    Overseas Withdrawal Fee
    RM12.72

    *inclusive of 6% GST

    Requirements

    Are you eligible for this account?

    Maximum Age
    18 years old
    Minimum Initial Deposit
    RM1
    Minimum Balance
    RM10

    Frequently Asked Questions about Hong Leong Bank 3-in-1 Junior Account

    Things you might want to know

    What is in this 3-in-1 junior account?

    Good things come in threes, MILO 3-in-1, 3-in-1 juicer, three musketeers, 3D and last but not least, a Hong Leong Bank 3-in-1 Junior Account for your little ones! Give your child a chance to be a little investor and cultivate the virtue of saving in him with this account that bundles savings account, fixed deposit and debit card altogether.

    Also, enjoy exclusive interest rate of 2.50% per annum for the first RM50,000 deposited into Junior Savings Account and 0.8% on the excess of RM50,000. The price to get a Roti Canai - RM1 is all you need to open a Junior Savings Account!

    What are the options for fixed deposit duration?

    There are 5 different deposit tenures that you can choose from, being 12, 24, 36, 48 and 60 months. You can start as small as RM1000 which is the minimum placement required and watch your investment grows steadily. Fixed deposit receipt will not be given upon placement but, more interestingly, you'll receive a quarterly statement with the records of all transactions and activities.

    If you are in need of emergency fund, early partial withdrawal of fixed deposit placement can be made at any branch with the condition that you must withdraw at least RM3000 or in the multiples of RM3000. Should your fixed deposit amount is below RM3000, any withdrawal must be done in full.

    Do I still earn any interest if I withdraw from my fixed deposit before maturity?

    It depends on when the withdrawal is made, your withdrawn amount won't be entitled to any interest earning if it's maintained in the account for less than 3 months. Otherwise, you will get half of the interest accumulated and any interest earned will be credited into your Junior Savings Account on a monthly basis.

    How does the Junior Debit Card work?

    It works exactly like a usual debit card that allows your child to swipe and withdraw cash anywhere via ATM but instead of attaching it to a savings account, it's tagged to a separate prepaid account that the parents can monitor and top up the balance easily using an ATM, cash deposit machine, over-the-counter, through Hong Leong Bank portal or by subscribing to auto reload facility which will be triggered whenever the balance of the prepaid account falls below RM50.

    The auto reload amount must be in the multiples of RM50 starting from a minimum of RM50 up to a maximum of RM500.

    What is the age requirement to open a 3-in-1 Junior Account?

    It's pretty simple. Your child (the beneficiary) must be below the age of 18 years old to qualify and the application must be made by the parents or legal guardian as the primary accountholder.

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