Features & Benefits
Senior Savers Flexi Fixed Deposit account is designed for individuals aged 50 years and above. It gives high interest and allows partial withdrawal anytime without losing your FD interest on account balance.
Earn high interest, credited monthly into any Hong Leong Savings or Current Account
Earn higher interest than conventional fixed deposits (for tenures of 12, 24, 36, 48 and 60 months only).
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Monthly consolidated statement
For easy account management.
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Flexibility of early fixed deposit partial withdrawal without losing interest on remaining balance
Partial withdrawal is in multiples of RM3,000. Outstanding balances will be shown on the monthly e-statement.
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Convenience to withdraw from any branch nationwide
Eligibility
- For 50 years old and above, single or joint names.
- Minimum RM10,000 to open the Senior Savers Flexi FD.
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Protected by PIDM up to RM250,000 for each depositor.
Effective 1 January 2021, FD Placement Amount shall NOT be used as collateral for the purpose of securing any credit facility obtained or to be obtained by the Customers with the exception that the FD Placement Amount can be used as collateral to secure the conventional Credit Card(s) (i.e. Credit Card(s) issued by Hong Leong Bank Berhad) with the Bank. For such pledging arrangement, Customers shall refer to Secured Credit Card with Fixed Deposit product page.
If the balance in Senior Savers Flexi FD is less than RM10,000, customer is required to withdraw the balance in full. No partial withdrawal is allowed.
Premature Withdrawals (effective 27 September 2018 until 31 December 2018)
Where a Senior Savers Flexi FD is uplifted, in partial or in full, before maturity the following rules shall apply:
a. No interest is to be paid on any other Senior Savers Flexi FD uplifted before the completion of three (3) months;
b. Interest is payable for Senior Savers Flexi FD 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No interest shall be payable on partially withdrawn amounts and premature withdrawals of Senior Savers Flexi FD.
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 March 2014.
| Tenure | Interest Rate (p.a.) |
|---|---|
| 12, 24, 36, 48 or 60 months |
1.75% |
Important notice
Please click HERE for the exhaustive list of fees and charges.
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