Hong Leong Finance is offering attractive fixed deposit rates for a limited time. Customers can earn up to 5.25% p.a. for a 12-month fixed deposit. This is a great opportunity to lock in a high interest rate for your savings.
Key Features of the Hong Leong Finance Fixed Deposit Promotion
- Fixed deposit tenure: 12 months
- Interest rate: Up to 5.25% p.a.
- Minimum deposit amount: RM1,000
- Maximum deposit amount: RM1,000,000
- Early withdrawal penalty: 3 months’ interest
Benefits of the Hong Leong Finance Fixed Deposit Promotion
There are several benefits to taking advantage of the Hong Leong Finance Fixed Deposit Promotion, including:
- High interest rate: The interest rate of 5.25% p.a. is one of the highest available in the market.
- Fixed interest rate: The interest rate is fixed for the entire 12-month term, so you can be sure of how much interest you will earn.
- Peace of mind: Knowing that your money is invested in a safe and secure fixed deposit can give you peace of mind.
Why Does This Matter?
This promotion is a great opportunity to lock in a high interest rate for your savings. With interest rates rising, now is a good time to take advantage of this offer and secure a fixed interest rate for your money.
How to Apply for the Hong Leong Finance Fixed Deposit Promotion
To apply for the Hong Leong Finance Fixed Deposit Promotion, you can visit any Hong Leong Finance branch or apply online. You will need to provide your personal information, contact details, and deposit amount.
Tips and Tricks
- The minimum deposit amount for this promotion is RM1,000. However, you can deposit more money if you wish.
- The maximum deposit amount for this promotion is RM1,000,000.
- The interest rate for this promotion is fixed for the entire 12-month term. This means that you will earn the same interest rate regardless of what happens to interest rates in the market.
- If you withdraw your money from the fixed deposit before the end of the term, you will be charged an early withdrawal penalty of 3 months’ interest.
FAQs
- What is the interest rate for the Hong Leong Finance Fixed Deposit Promotion?
- What is the minimum deposit amount for the promotion?
- What is the maximum deposit amount for the promotion?
- What is the term of the fixed deposit?
- What is the early withdrawal penalty for the fixed deposit?
- Can I apply for the promotion online?
The interest rate is up to 5.25% p.a.
The minimum deposit amount is RM1,000.
The maximum deposit amount is RM1,000,000.
The term of the fixed deposit is 12 months.
The early withdrawal penalty is 3 months’ interest.
Yes, you can apply for the promotion online.
Table 1: Hong Leong Finance Fixed Deposit Rates
| Deposit Amount (RM) | Interest Rate (p.a.) |
|---|---|
| <10,000 | 4.50% |
| 10,000 – 50,000 | 4.75% |
| 50,000 – 100,000 | 5.00% |
| 100,000 – 250,000 | 5.25% |
| >250,000 | Negotiable |
Table 2: Interest Rate Comparison
| Bank | Interest Rate (p.a.) | Minimum Deposit (RM) |
|---|---|---|
| Hong Leong Finance | 5.25% | 1,000 |
| Maybank | 5.00% | 1,000 |
| CIMB Bank | 4.75% | 1,000 |
| Public Bank | 4.50% | 1,000 |
Table 3: Fixed Deposit Calculator
| Deposit Amount (RM) | Interest Rate (p.a.) | Term (Months) | Maturity Value (RM) |
|---|---|---|---|
| 10,000 | 5.25% | 12 | 10,525 |
| 50,000 | 5.00% | 12 | 52,500 |
| 100,000 | 4.75% | 12 | 104,750 |
| 250,000 | 4.50% | 12 | 262,500 |
Table 4: Early Withdrawal Penalty Calculator
| Deposit Amount (RM) | Interest Rate (p.a.) | Term (Months) | Early Withdrawal Penalty (RM) |
|---|---|---|---|
| 10,000 | 5.25% | 12 | 131.25 |
| 50,000 | 5.00% | 12 | 250 |
| 100,000 | 4.75% | 12 | 375 |
| 250,000 | 4.50% | 12 | 656.25 |
