Junior Fixed Deposit

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Junior Fixed Deposit

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Junior Fixed Deposit Account

A fixed deposit account for your child

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Features & Benefits

  • Features & Benefits
  • Feature Highlight
  • Interest Rate (wef 23/05/2022)
  • How to Apply
  • Fees and Charges
  • Terms & Conditions

Junior Fixed Deposit account is designed for young children and teenager 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 enroll 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.

Eligibility

  • Children below 18 years.
  • 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.

Premature Withdrawals (effective 27 September 2018 until 31 December 2018)

Where a Junior Fixed Deposit is uplifted, in partial or in full, before maturity the following rules shall apply:

a. No interest is to be paid on any other Junior Fixed Deposit uplifted before the completion of three (3) months;

b. Interest is payable for Junior Fixed Deposit uplifted after the completion of three (3) months and will be at half (1/2) the original contracted interest rate for each completed month.

 

Premature Withdrawals (effective 1 January 2019)

No interest shall be payable on partially withdrawn amounts and premature withdrawals of Junior Fixed Deposit.

Tenure

Interest Rate (p.a.)

1 - 2 months 1.65%
3 - 5 months 1.75%
6 - 11 months 1.80%
12 - 60 months 1.95%

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.

English

Junior Fixed Deposit Terms and Conditions

General Terms & Conditions of Accounts

Bahasa Melayu

Junior Fixed Deposit Terms and Conditions

General Terms & Conditions of Accounts

Chinese

Junior Fixed Deposit Terms and Conditions

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