To Combat the Covid-19 outbreak, Hong Leong Finance has rolled out Covid-19 Loan Relief Schemes to help customers to tide over difficult time. Our Covid-19 Safeguard measures implemented at our branches to help protect the well-being of our customers and employees. OCBC MYR Fixed Deposit Interest Rate 1.6% p.a. Early Withdrawal No Interest Earned RM400; Hong Leong e-Fixed Deposit Interest Rate 1.6% p.a. Early Withdrawal Yes Interest Earned RM400; Hong Leong Fixed Deposit Interest Rate 1.6% p.a. Early Withdrawal Yes Interest Earned RM400; India International Bank Fixed Deposit Interest Rate 1.3% p.a. Hong Leong Finance (HLF), Singapore’s largest finance company, is recognising the efforts of the country’s Pioneer Generation by offering this group of Singaporeans one of the highest fixed deposit rates in town. This offer is available for a limited 65-day promotional period starting from April 15. Hong Leong Bank (FD Pledge Credit Cards Campaign – requires customers to apply for a new HLB credit card by pledging an FD) 4.00: RM2,000: RM50,000 – 3 months: 1 Jan to 31 Mar 2021: Hong Leong Bank (eFixed Deposit-i) – 2.30 (3 months) – 2.35 (6 months) – 2.30 (12 months) RM10,000: RM2 million – 3 months – 6 months – 12 months: 8. To place a deposit you first need to hold a Hong Leong Savings Account or Current Account that is registered for Hong Leong Connect. All individuals and sole proprietors who are Malaysians and 18 years of age and above are eligible to sign up for Hong Leong e-Fixed Deposit. The following bodies and organisations are not eligible to open an account.
The next holiday most of us are looking forward to is probably the Christmas Season. In the month of November, banks have launched their Fixed Deposit Christmas Promotion where we can look forward to some attractive interest rates.
For those who has a lump sum of cash and can afford to lock down the money for 12 months or more, I certainly do recommend placing the money into fixed deposits as compared to the Singapore Savings Bonds. The reason is that for a short term period of 12 months, the interest rate for Singapore Savings Bonds has fell tremendously to 1.56% (Read more: December 2019 Singapore Savings Bonds is 1.71%)
Hong Leong Bank Fd
Maybank is a clear winner here with interest rate of 1.88% for a 12 months placement. CIMB Bank is in the second place with their Fast Fixed Deposit Christmas Promotion interest rate of 1.80% p.a.
CIMB Fast Fixed Deposit Christmas Promotion
Interest rate: 1.80%, Minimum Placement: S$10,000, Promotion Valid Until: 30th November 2019
The total interest that you will receive if you place S$20,000 for 12 months is S$360.
Hong Leong Finance Fixed Deposit
Interest Rate: 1.73%, Minimum Placement: S$20,000, Promotion Valid Until: Not stated
Hong Leong Finance seems to have increased their interest rate for S$50,000 to less than S$100,000 deposit for a 12 month period from 1.75% to 1.80%.
The total interest that you will receive if you place S$20,000 for 12 months is S$346.
Standard Chartered Bank (Singapore) Time Deposit
Interest Rate: 1.60%, Minimum Placement: S$25,000, Promotion Valid Until: 30th Npvember 2019
The total interest that you will receive if you place S$25,000 for 9 months is S$300.
MayBank Singapore Dollar Time Deposit
Interest Rate: 1.88%, Minimum Placement: S$20,000, Promotion Valid Until: Not stated
The total interest that you will receive if you place S$20,000 for 12 months is S$376.00. However, there are some catch should you choose to place your fixed deposit with MayBank
- You need to have a MayBank Current or Savings account.
- For every S$1,000 deposited into the CASA Account, S$10,000 can be placed into the Singapore Dollar Time Deposit, subject to a minimum of S$20,000 in Time Deposit and the corresponding minimum deposit of S$2,000 in the CASA Account.
Deposit Details
13 mths | 24 mths | 36 mths | |
---|---|---|---|
$20k & Above | 0.52% p.a. | 0.65% p.a. | 0.75% p.a. |
Receive up to 0.75% p.a. interest for Hong Leong Finance
Receive 0.75% p.a. interest for Hong Leong Finance 36 months fixed deposit when you deposit fresh funds via Online Instruction Form & PayNow
Receive 0.65% p.a. interest for Hong Leong Finance 24 months fixed deposit when you deposit fresh funds via Online Instruction Form & PayNow
Receive 0.52% p.a. interest for Hong Leong Finance 13 months fixed deposit when you deposit fresh funds via Online Instruction Form & PayNow
Receive 0.73% / 0.63% / 0.50% p.a. interest for Hong Leong Finance 36 / 24 / 13 months fixed deposit when you deposit fresh funds via Over the Counter
Only for fresh funds with minimum $20,000 deposit
Automatic renewals of fixed deposits at broad rates upon expiry
Retail customers may renew or withdraw their Fixed Deposit via the Instruction Form
Placement via Hong Leong Finance Branches
Promotions
Receive 0.45% p.a. interest for Hong Leong Finance 6 months fixed deposit + High Tea Jubilee Set for Two worth $88 when you deposit fresh funds of minimum $200,000 via Online Instruction Form & PayNow
Click here to go to Hong Leong Finance website for more details
Hong Leong Finance Fixed Deposit Interest Rate
Historical Chart and Deposit Rates
* Interest Rates based on highest fixed deposit rate with
maximum deposit amount of $75,000 and 3 to 18 months tenure
Hong Leong Finance current highest fixed deposit rate is 0.52% p.a. for 12 months tenure with minimum deposit of $20,000.
The current highest fixed deposit rate is a Hong Leong Finance fixed deposit promotional rate
The current Money Lobang National Average Fixed Deposit Rates for March 2021 is 0.46% p.a.
The average monthly highest fixed deposit rate for Hong Leong Finance since 2018 is 1.32% p.a.
Hong Leong Finance runs fixed deposit promotional campaigns every month