Save and except for the conditions or variations set out herein, all the terms and conditions in relation to Hong Leong Fixed Deposit are applicable hereto and shall remain in full force and effect. Effective date: 3 March 2014 for new customers of HLB. 24 March 2014 for existing customers of HLB as at 3.
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
- Minimum deposits for the different tenures are: S$500 for 3 to 36 months; S$10,000 for 1 to 2 months; S$100,000 for 1 week; An insured deposit under the Deposit Insurance Scheme. Rules and regulations governing fixed deposits. Senior citizen rate is applicable for non-promotional deposits of less than S$50,000 on 12 months or longer tenure only.
- Standard Chartered SGD Fixed Deposit. (3-month) with Standard Chartered time deposit! If you are their priority banking customer, you can get a preferential rate of 0.55% p.a.
- Hong Leong Finance fixed deposit rate: Interest rate: 0.65 per cent p.a. Deposit amount: Min. $20,000: Tenure: 24 months: Apart from the big banks like DBS, UOB and OCBC, the fixed deposit.
- Foreign Currency Fixed Deposit - With a Foreign Currency Fixed Deposit, customers can earn potentially better returns with our Foreign Currency Fixed Deposit account. Foreign Currency Fixed Deposit (FCFD) Hong Leong Bank Malaysia.
Receive 0.75% p.a. interest for Hong Leong Finance 36 months fixed deposit when you deposit fresh funds via Online Instruction Form & PayNow Play and earn paytm money.
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
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 Fixed Deposit Promotion
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
This is the month of Christmas and also the last month of the year 2019. On top of the fixed deposits promotion that I have found last month in November, there is a new one such as the CIMB Why Wait Fixed Deposit-I promotion.
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 January 2020 Singapore Savings Bonds has fell tremendously to 1.52% (Read more: January 2020 Singapore Savings Bonds is 1.76%)
Below are fixed deposits from CIMB, Hong Leong Finance and MayBank. I have removed the fixed deposit promotion from Standard Chartered Bank because it fell to a non-attractive rate of 1.55% p.a. For those who are interested, OCBC is also offering a interest rate of 1.55% p.a. for a fixed deposit of 12 months on SGD as well.
CIMB Fast Fixed Deposit Christmas Promotion
Interest rate: 1.80%, Minimum Placement: S$10,000, Promotion Valid Until: 31st December 2019
The total interest that you will receive if you place S$20,000 for 12 months is S$360.
CIMB Why Wait Fixed Deposit-i Christmas Promotion
Hong Leong Finance Fixed Deposit Interest Rate
Interest rate: 1.80%, Minimum Placement: S$10,000, Promotion Valid Until: 31st December 2019
This is another fixed deposit promotion offered by CIMB. Cardschat freeroll password betonline. For this Why Wait Fixed Deposit-it, you get the profit upfront rather than upon maturity.
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: 1.70%, Minimum Placement: S$20,000, Promotion Valid Until: Not stated Uptown aces $100 no deposit bonus codes 2020.
Hong Leong Finance seems to have reduced the interest rate for their fixed deposit. For a placement of S$20,000, last month was 1.73% but now they have reduced it to 1.70%. Nevertheless, it is still attractive.
The total interest that you will receive if you place S$20,000 for 12 months is S$340.
MayBank Singapore Dollar Time Deposit
Interest Rate: 1.80%, Minimum Placement: S$20,000, Promotion Valid Until: Not stated
Maybank has also reduced their fixed deposit interest rate from 1.88% to 1.80%. The total interest that you will receive if you place S$20,000 for 12 months is S$360.00. 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.
