Hong Leong Bank (HLB) recently unveiled its two highest interest earning Fixed Deposit (FD) products for children aged 18 years and below, and adults aged 55 years and above.The Hong Leong Junior FD is the FIRST in the market that offers an exceptional FD interest rate for children of up to 5% per annum for long term placements of 4 and 5 years. Meanwhile, the Hong Leong Senior Savers Flexi FD offers an interest rate as high as 4% per annum for the same tenures.
The Hong Leong Junior FD is exclusively tailored for parents to save for their children in order to enjoy higher interest so as to give their child a head start and for future education. The FD pays monthly interest and is credited into a Hong Leong Junior Savings Account. It provides the flexibility and convenience to make early partial withdrawals and still earn FD interest on the remaining balance. Customers can make FD withdrawals at any Hong Leong Bank branches. They will receive quarterly FD statements, while passbooks will be issued to track the transactions and balances in the Junior Savings Account.
According to Ms. Moey Tan, HLB's Chief Operating Officer for Personal Financial Services, "HLB customers desire more than just an everyday savings account. Customers today want high-yielding products to grow their children's savings fast and with guaranteed returns. They also seek flexibility and convenience. The Hong Leong Junior FD offers the highest interest in town of up to 5% and is designed to meet these objectives in mind".
Concurrently, HLB has also re-launched the Hong Leong Senior Savers Flexi-FD with the added flexibility and convenience for customers to make early partial withdrawal and yet earn FD interest on the remaining balance. The FD interest for Senior Savers Flexi- FD is also paid monthly into the customer's Hong Leong Savings or Current Account of their choice.
"The Junior and Senior customer segments are important to HLB and we have a corporate responsibility towards them to ensure their future and financial well being are taken care of by offering them better interest which is paid out monthly into their savings accounts", added Moey.In conjunction with the launch of Hong Leong Junior FD and Senior Savers Flexi-FD, HLB has lined up exciting launch offers from 1 st August 2010 till 30 th November 2010. For Hong Leong Junior FD, 10 Grand Prizes comprising of a 3D2N family trip for 4 (2 adults and 2 children) to Resorts World Sentosa and Universal Studios Singapore will be given away. There are also 20 monthly prizes comprising of iPod Nanos, Sony Ericsson handphones, Samsung digital cameras and Sony PSP to be won. Customers will receive a free pencil case upon opening a Junior FD with minimum deposit of only RM1,000. To apply, do bring along the children's birth certificate or MyKid, and the parent's or legal guardian's Identification Card or passport to any of Hong Leong Bank branches nationwide.
For Hong Leong Senior Savers Flexi-FD, there are four designer watches up for grabs when a customer make an FD placement of RM10,000. In addition, the first 1,000 customers will receive an exclusive timepiece with a minimum placement of RM50,000.
For further information, visit any of our HLB's branches nationwide, call 1-800-38-8888 during office hours or log on to www.hlb.com.my . Product terms and conditions apply.
-END-Press Release - 09/08/2010