Revision of Fixed Deposit/Fixed Deposit-i Promotions and e-FD Account Terms & Conditions
Dear Valued Customers,
Effective 1 January 2021, Fixed Deposit/Fixed Deposit-i Promotions Terms & Conditions and e-FD Account Terms & Conditions will be revised as follows:
Terms & Conditions |
Existing Clause |
Revised Clause |
|---|---|---|
Fixed Deposit/Fixed Deposit-i Promotions Terms & Conditions |
FD/FD-i Placement Amount shall NOT be used as collateral for the purpose of securing any credit facility obtained or to be obtained by the Entitled Customers. |
FD/FD-i Placement Amount shall NOT be used as collateral for the purpose of securing any credit facility obtained or to be obtained by the Entitled 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, Entitled Customers shall refer to Secured Credit Card with Fixed Deposit product page. |
e-FD Account Terms & Conditions (clause 12) |
All eFDs shall NOT be used as collateral to secure any credit facility granted to the Customer or any other third party. |
eFD 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 eFD 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. |
Deposit Products are protected by PIDM up to RM250,000 for each depositor.
