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
  • Interest Rate (wef 09/12/2022)
  • How to Apply
  • Fees and Charges
  • Terms & Conditions

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  • Effective 1 January 2019, no interest shall be payable on partially withdrawn amounts and premature withdrawals of Junior Fixed Deposit.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.

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

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