What is the Hong Leong Premium Savings Account?
This premium account is in most ways similar to a savings account but with a much larger intended capacity for the premium banking customers that come to Hong Leong Bank.
First of all this account comes with daily interest rates and flexible withdrawals in case you need to have easier access to your cash.
How does this Premium Savings Account work?
To qualify for this Premium Savings Account opening, you need to have a minimum of RM10,000 in either a Hong Leong Current or Savings Account. You don't need to apply, Hong Leong Bank will do the honor of inviting you to open up a Hong Leong Premium Savings Account.
You can deposit any amount from RM10,000 to a maximum of RM2,000,000. Unlike most savings account, this premium one requires for you to have only the minimum amount. Simply because the interest charges is calculated daily, based on the duration where the monies is deposited:
|Savings Period (days)||Interest Rate (p.a.)|
|31 - 90||2.00%|
|151 - 179||2.30%|
If you plan on leaving your money in the bank without ever withdrawing it, then you can earn up to 2.30% p.a. interest. However, you do still have the option to withdraw from the account every 15 days. Just know that you interest earning cycles will change every time you withdraw.
Can I make a cash withdrawal?
This Premium Savings Account does not work the same way as a regular savings account. To take out money, you need to transfer an amount from this savings account into a nominated Hong Leong Bank current or savings account.
From there, you can simply go to any ATM machines and withdraw the money.
Who can open this Premium Savings Account?
Make any deposit from RM10,000 into your Current or Savings Account with Hong Leong Bank, you are on your way to receive an invitation from the bank to open this Premium Savings Account.
Any individuals or joint account holders can be invited, as long as you are a valid NRIC holder and aged 18 years and above.