Features & Benefits
Junior Fixed Deposit account is designed for children below the age of 18. It gives attractive interest that’s calculated daily. Fixed deposit placement starts from RM1,000.
- Earn attractive interest for long-term Junior FD tenures (12, 24, 36, 48 or 60 months).
- Minimum RM1,000 FD placement only.
- Interest calculated daily and paid at maturity into Junior Savings Account.
- Flexibility to make early partial withdrawals from your FD and still earn FD interest on remaining balance (Partial withdrawal must be in multiples of RM3,000).
- Quarterly statement on account summary, balances and activities.
- Option to enrol for standing instruction from Junior Savings Account to Junior FD in multiples of RM1,000 to a maximum of RM5,000.
- Partial withdrawal available at any branch.
- Effective 1 January 2019, no interest shall be payable on partially withdrawn amounts and premature withdrawals of Junior Fixed Deposit.
Eligibility
- Children below 18 years old.
- Application must be submitted by parents/legal guardian.
More details
Less details
Member of PIDM. Protected by PIDM up to RM250,000 for each depositor.
| Tenure | Interest Rates (p.a.) |
|---|---|
| 1 - 2 months | 2.25% |
| 3 - 5 months | 2.35% |
| 6 - 11 months | 2.40% |
| 12 - 60 months | 2.55% |
Visit any Hong Leong Bank branches and bring along:
- Children's birth certificate and MyKid.
- Parent or legal guardian's MyKad/passport.
Important notice
Please click HERE for the exhaustive list of fees and charges.
