Hong Leong Bank Basic Savings Account

If you're opening a savings account for the first time, this offering from Hong Leong may be something you'd want to consider. It's perfect for your basic banking needs!

Hong Leong Bank Basic Savings Account
Interest Rate
0.25% p.a.
Min. Deposit
Phone Banking
Account Statement
eStatement (via email)

Interest Rate

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

Min. AmountMax. AmountInterest Rate
RM1RM50,0000.25% p.a.


What would make it different?

Online Banking
Hong Leong Connect
Mobile App
PIDM Protected
Up to RM250,000
SMS Transaction Alert
RM5 per month
ATM Card

Fees & Charges

MEPS Withdrawal Fee
Early Closure Fee


Minimum Age
  • 18 years old
Minimum Initial Deposit
Who can apply
  • Malaysians
  • Foreigners

More Information

Who should apply this savings account?

If you are opening your first savings account, this is the account for you. This account will satisfy your basic banking needs without hassle. 

What is good?

Despite this is a basic savings account, you still can earn interest on every ringgit you save. The interest is calculated daily, while you can get your interest profit by half yearly. 

Convenience is important for busy people like us, while this savings account provide convenient access to your account, allowing you to conduct your banking transactions via Internet banking of Hong Leong Connect, ATM network Hong Leong Phone Banking and Hong Leong Mobile Apps. 

Adding to that, you can choose a range of Hong Leong Debit Cards that are available for these account, such as Hong Leong Debit Cards MasterCard Debit Card and Hong Leong Visa Debit Card.

Well, am I eligible to open this account?

Malaysian citizens and permanent residents aged 18 years and above can open this account singly or jointly. Unfortunately, this is an account for non-residents, clubs, societies and associations. You are only required a low initial deposit of RM20 to open this account. 

Do I need to pay any fees and charges?

Yes, however, these are only apply in some certain circumstances. Hong Leong Bank does not impose charges for ATM card, however, if you wish to utilize the convenience of debit card, this will cost you RM8 conversion or upgrade fee. 

For whatever the reasons you need to replace your card, be the card is damaged or stolen, you are required to pay a fee of RM12 for each replacement card. Although it is free to make cash withdrawals from ATM at Hong Leong Bank branches, your account will be charged at RM1 per transaction if you make the transaction at other bank's ATM.

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