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.
![Deposit Deposit](https://www.exchangerate.my/photo/BNM.jpg)
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.
- 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.
- HLB FD Promotion - Grow and save your money with Hong Leong Bank's FD promotion in Malaysia. Check the latest fixed deposit and EFD promotion rates here!
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%)
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
Hong Leong Finance Fixed Deposit Rate
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 Singapore
Hong Leong Finance Fixed Deposit
![Hong Hong](https://cdn.singapore-bank.net/wp-content/uploads/2018/08/how-to-use-fd-table3.png)
Hong Leong Finance Fixed Deposit Rate 2021
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.
Promotion Period | Tenure | Rate | Minimum Placement Amount | Maximum Placement Amount |
---|---|---|---|---|
8 January 2021 – 31 March 2021 | 3 months | 2.30% p.a. | RM10,000 | RM2,000,000 |
6 months | 2.35% p.a. | |||
12 months | 2.30% p.a. |
How to place eFixed Deposit/eFixed Deposit-i on Connect Online Banking?
Not yet a HLB Connect user? Register now.
Terms and conditions apply. The maximum deposit amount per transaction via FPX transfer is RM200,000, subject to such prescribed maximum amount/limit of transfer in the Customers' individual internet banking maintained with the relevant bank.
Hong Leong Fd Rate
Picture shown is for illustration purposes only.
Hong Leong Finance Fixed Deposit 2021
![Hong Leong Finance Fixed Deposit Hong Leong Finance Fixed Deposit](https://www.personalloan.com.my/wp-content/uploads/2013/10/debt-consolidation.jpg)
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.
- 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.
- HLB FD Promotion - Grow and save your money with Hong Leong Bank's FD promotion in Malaysia. Check the latest fixed deposit and EFD promotion rates here!
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%)
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
Hong Leong Finance Fixed Deposit Rate
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 Singapore
Hong Leong Finance Fixed Deposit
Hong Leong Finance Fixed Deposit Rate 2021
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.
Promotion Period | Tenure | Rate | Minimum Placement Amount | Maximum Placement Amount |
---|---|---|---|---|
8 January 2021 – 31 March 2021 | 3 months | 2.30% p.a. | RM10,000 | RM2,000,000 |
6 months | 2.35% p.a. | |||
12 months | 2.30% p.a. |
How to place eFixed Deposit/eFixed Deposit-i on Connect Online Banking?
Not yet a HLB Connect user? Register now.
Terms and conditions apply. The maximum deposit amount per transaction via FPX transfer is RM200,000, subject to such prescribed maximum amount/limit of transfer in the Customers' individual internet banking maintained with the relevant bank.
Hong Leong Fd Rate
Picture shown is for illustration purposes only.
Hong Leong Finance Fixed Deposit 2021
Member of PIDM. Protected by PIDM up to RM250,000 for each depositor.