Hong Leong Bank Partners with Amanah Raya on New Trust Deposit
Kuala Lumpur, 1 December 2008
Hong Leong Bank (HLB), the exclusive appointed agent of Amanah Raya Bhd, today launched the Hong Leong Invest Safe II. Hong Leong Invest Safe II is atrust deposit where customers who make a placement can potentially enjoy steady growth and enhanced yield on their investments.
"The first product launched with Amanah Raya Bhd in 2006 generated positive response from the public. We exceeded RM500 million in sales and our customershave been happy with the returns. On a gross basis, customers have been enjoying a steady return of 5% per annum. We are confident that the new productwould equally excite our customers as we are targeting to deliver similar return to them," announced Ms Moey Tan, HLB's Chief Operating Officer forPersonal Financial Services.
Ms Tan further added that many customers favored Invest Safe as it offers competitive dividends, compounding interest, and is capital protected. "Malaysianconsumers have traditionally been high savers and more than welcome the potential for higher returns on their deposits. We recognize the demand for thisand tied up with Amanah Raya Bhd to deliver a product that is relevant in these times of uncertainty." The Hong Leong Invest Safe II is limited to RM300million and is only available thorough Hong Leong Bank.
Between now till 31 January 2009, customers who sign up for the new Hong Leong Invest Safe II will be rewarded with Hong Leong Cash Vouchers in conjunctionwith HLB's Wealth Management Super Bonus Bonanza campaign.
To find out more on the new product, visit any of HLB's 186 branches nationwide.
Press Release - 01/12/2008
Group Corporate Affairs & Public Relations
Hong Leong Bank Berhad
DID: 03-20808888 ext 3281