Pay&Save Account
for Sole Proprietor
HLB is here to provide you the right support for your sole proprietorship business. We make banking simpler for you so that you can focus on growing your business.
Earn higher interest on your savings
Pay&Save Account is the ideal account that provides you with the flexibility to access your funds anytime, while you earn higher interest of up to 2.25% p.a.
SAVE
when you SAVE a lump sum of RM2,000 monthly (for 3 consecutive months)
1.25% p.a.
Savings Interest
Savings Interest Rate (wef 11/05/2023)
Mechanism
Interest Rate p.a.
Deposit RM2,000 (lump sum) monthly for 3 consecutive months
1.25%
Interest is calculated daily and credited quarterly.
Interest will be paid from RM10,000 up to a maximum of RM100,000.
PAY
when you PAY cumulative of RM500 bills online monthly
0.50% p.a.
e-Xtra Interest
e-Xtra Interest Rate
Mechanism
Interest Rate p.a.
Pay cumulative of RM500 bills online every month
0.50% (RM30 maximum monthly)
Interest is calculated monthly based on Monthly Average Balance and credited on the 1st of the following month.
SPEND
when you SPEND cumulative of RM500 with your debit card monthly
0.50% p.a.
Bonus Interest
Debit Card Bonus Interest Rate
Mechanism
Bonus Interest p.a.
Spend cumulative of RM500 with your debit card every month
0.50% (RM30 maximum monthly)
Interest is calculated monthly based on Monthly Average Balance and credited on the 1st of the following month.
Save
1.25
%
p.a.
p.a.
Savings Interest
when you SAVE a lump sum of RM2,000 monthly (for 3 consecutive months)
Save
1.25
%
p.a.
p.a.
Savings Interest
when you SAVE a lump sum of RM2,000 monthly (for 3 consecutive months)
Learn More >Savings Interest Rate (wef 11/05/2023)
xMechanism
Interest Rate p.a.
Deposit RM2,000 (lump sum) monthly for 3 consecutive months
1.25%
Interest is calculated daily and credited quarterly.
Interest will be paid from RM10,000 up to a maximum of RM100,000.
Pay
0.50
%
p.a.
p.a.
e-Xtra Interest
when you PAY cumulative of RM500 bills online monthly
e-Xtra Interest Rate
xMechanism
Interest Rate p.a.
Pay cumulative of RM500 bills online every month
0.50%
(RM30 maximum monthly)
Interest is calculated monthly based on Monthly Average Balance and credited on the 1st of the following month.
Spend
0.50
%
p.a.
p.a.
Bonus Interest
when you SPEND cumulative of RM500 with your debit card monthly
Spend
0.50
%
p.a.
p.a.
Bonus Interest
when you SPEND cumulative of RM500 with your debit card monthly
Learn More >Debit Card Bonus Interest Rate
xMechanism
Interest Rate p.a.
Spend cumulative of RM500 with your debit card every month
0.50%
(RM30 maximum monthly)
Interest is calculated monthly based on Monthly Average Balance and credited on the 1st of the following month.
| Overview of Monthly Interest | Interest Rate | Amount |
|---|---|---|
| Savings Interest | 1.40% | RM116.67 |
| Bonus Interest | 1.40% | RM116.67 |
| e-Xtra Interest | 1.40% | RM116.67 |
| Total (per month) | 1.40% | RM116.67 |
Disclaimer
The information shown is indicative and for illustration purpose only. Hong Leong Bank will not under any circumstances accept responsibility or liability for any losses that may arise from a decision that you may make as a result of using the calculator. Minimum account balance of RM10,000 is required in order to be eligible for Savings Interest. Savings Interest is calculated up to a maximum account balance of RM100,000, while e-Xtra Interest and Bonus Interest are capped at RM30 per month.
Boost your business further with these additional solutions
Simplified banking experience for your business needs on HLB Connect
Stay on top of your business anytime, anywhere with HLB Connect
View your business and personal accounts at one place
View and download or print e-statements on daily or monthly basis
Assign a helping hand to assist on your daily operations
Cashless payment solutions with HLB BizBuddy
Give your customers the flexibility and convenience to pay using QR codes
Enjoy Zero fees until further notice
Real-time payment notifications, perform refund and more.
Powering Sole Proprietors in Malaysia
Open an HLB account anytime, anywhere without visiting the bank, simply download
Open an HLB account anytime, anywhere without visiting the bank, simply download
We offer door-to-door account opening service at selected locations
Make An Appointment >Visit our nearest branch
Locate Branch >We offer door-to-door account opening service at selected locations
Make An Appointment >Visit our nearest branch
Locate Branch >Features & Benefits
Eligibility
Sole Proprietor registered with Suruhanjaya Syarikat Malaysia (SSM)
Minimum RM50 to open the account
More details
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Sole Proprietor registered with Suruhanjaya Syarikat Malaysia (SSM)
Minimum RM50 to open the account
More details
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Monthly e-Statement
- Keep track of your finances with monthly e-statement that is accessible 24/7 via HLB Connect
More details
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- Keep track of your finances with monthly e-statement that is accessible 24/7 via HLB Connect
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Low Initial deposit
- Minimum RM50 to open an account
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- Minimum RM50 to open an account
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Debit Card
- No debit card issuance fee
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- No debit card issuance fee
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Earn higher interest
- Interest payable up to RM100,000 (minimum balance of RM10,000 required)
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- Interest payable up to RM100,000 (minimum balance of RM10,000 required)
More details
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Terms and Conditions apply.
Member of PIDM. Protected by PIDM up to RM250,000 for each depositor.
Savings Interest Rate (wef 11/05/2023)
| Mechanism |
Interest Rate p.a. |
|---|---|
| Place RM2,000 single deposit for 3 consecutive months |
1.25% |
Interest is calculated daily and credited quarterly.
Interest will be paid from RM10,000 up to a maximum of RM100,000.
Debit Card Bonus Interest Rate (wef 25/04/2023)
| Mechanism | Bonus Interest p.a. |
|---|---|
| Spend RM500 cumulative monthly |
0.50% (RM30 maximum monthly) |
Interest is calculated monthly based on Monthly Average Balance and credited on the 1st of the following month.
e-Xtra Interest Rate (wef 25/04/2023)
| Mechanism | Interest Rates p.a. |
|---|---|
| Pay RM500 cumulative monthly |
0.50% (RM30 maximum monthly) |
Interest is calculated monthly based on Monthly Average Balance and credited on the 1st of the following month.
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