Hong Leong Bank

Hong Leong Pay and Save Account

Save, Swipe and Connect from your Pay&Save account to earn up to 3.60% interest p.a. on your account balance each month!

    • Account Statement
    • eStatement (via email)
  • Min. AmountMax. AmountInterest Rate
    RM5001RM200000.15% p.a.
    RM20001RM1000000.65% p.a.
    RM100001no maximum1.15% p.a.


What would make it different?

Online Banking
Hong Leong Connect
Mobile App
PIDM Protected

Fees & Charges

There are always fees but how much are they?

ATM Card Issuance Fee
MEPS Withdrawal Fee
Early Closure Fee


Are you eligible for this account?

Minimum Age
18 years old
Minimum Initial Deposit

Frequently Asked Questions about Hong Leong Pay and Save Account

Things you might want to know

Why is this savings account called "Pay&Save"

The Hong Leong Pay&Save Account is a special savings account rewarding account holders with the benefit of extra interest payment whenever you make debit card transactions and e-payments.

You can now earn up to 3.85% interest by just going about your day, business-as-usual. But wait, the perks don’t stop there!

How do I get 3.85% interest p.a. on my balance?

It's as simple as Save, Swipe and e-Pay! All you need to do is maintain a balance of RM20,000 a month, swipe 5 times with your debit card and make 15 e-payment transactions to get 3.85% interest p.a. every month. Enjoy even higher interest if your balance is above RM100,000


The more you save, the higher your interest rates will be. Your daily interest will be awarded every quarter based on the balance at the end of the day.

Account holders will have access to Hong Leong Connect, an online banking portal that allows you to manage your account and perform transactions online 24/7.

BalanceInterest Rate p.a.
RM5,001 - RM20,0000.15%
RM20,001 - RM100,0000.65%
Above RM100,0001.15%


Next, you’ll need to swipe your Debit Card a couple times. Use your debit card for the groceries, dining and petrol, and instead of paying interest you earn interest. When you swipe your Debit Card with RM30 in a single receipt, each month, earns you interest as well. Make 5 debit card transactions each month to get the max 0.80% interest rate p.a.

No. of SwipesInterest Rate p.a.
1 swipe0.12%
2 swipes0.24%
3 swipes0.36%
4 swipes0.48%
5 and above swipes0.80%


In addition to the bonus interest from your balance and debit card transactions, you will earn additional interest when you make 4 or more e-Payment or PEx transactions a month. Remember to make all online payments for your utilities, phone bills, loans and of course internet shopping from your Pay&Save Account. The more transactions you make the more interest you earn.

No. of TransactionsInterest Rate p.a.
4-6 transactions0.50%
7-9 transactions0.75%
10-14 transactions1.00%
15 and above transactions1.90%

Ding, ding, the Bonus bells ring!

If 3.85% p.a. interest wasn’t enough for you, you are eligible to earn Share Trading Bonus Interest up to 0.90% on your trading transactions.

The Bonus Interest will be awarded to you is on a tiered basis, based on the total amount of trades within a calendar month.

Total Monthly Traded Amount (MTA)Interest Rates p.a.
Up to RM20,0000.30%
Up to RM30,0000.50%
Up to RM100,0000.70%
Above RM100,0000.90%

What are the Terms and Conditions for Pay&Save?

Account holders must be at least 18 years of age in order to be eligible to open this account. The account can be opened on either a single or joint named basis with a minimum deposit of RM200 required. There is a half yearly charge of RM5 if the average account balance during half year falls below RM200.

You will receive a free Debit card, with an annual fee waiver for the first year, after which you will have a fee of RM8 per annum. Another premium you will receive is a complimentary Touch n’Go Zing, an auto reload card that will never run low at the toll booth. It comes with a small reload charge of RM0.50 per auto-reload.

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