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 you to have only the minimum amount.
Simply because the interest charges are calculated daily, based on the duration where the monies are deposited:
| Savings Period (days) | Interest Rate (p.a.) |
| 31 - 90 | 0.60% |
| 91- 150 | 0.75% |
| 151 - 179 | 0.9% |
If you withdraw money in the first 15 days after you deposited the money, your savings will not gain any interest.
For any partial withdrawals made after the 15 days completed, you will earn a slightly lower interest rate based on the number of day completed as follows:
| Savings Period (days) | Interest Rate (p.a.) |
| 31 - 90 | 0.20% |
| 91 - 150 | 0.25% |
| 151 - 179 | 0.30% |
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 receiving 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.
