Kuala Lumpur, 5 July 2010
Hong Leong Bank (HLB) today launched the Hong Leong Guaranteed Multiplier Plan - the bank's first investment plan that offers customers a guaranteed 6.18% per annum interest on all accumulated investments for the first 12 months. This interest is in addition to any potential capital gains from the growth in portfolio value.
Hong Leong Guaranteed Multiplier Plan is also flexible as it allows customers to skip monthly investments or even exit the 12 month plan at any point with no exit fees. Interest is paid monthly and directly into customer's deposit account so customer can start utilizing these returns immediately."We recognize that while our customers understand the inherent risks and rewards associated with making investments, they would also prefer the comfort of guaranteed returns to cushion possible market corrections. Thus, we have developed the Hong Leong Guaranteed Multiplier Plan as an ideal product that pays customers a high guaranteed interest of 6.18% per annum on accumulated investments while customers potentially make further gains from growth of their unit trust portfolio", said Ms Moey Tan, HLB's Chief Operating Officer, Personal Financial Services.
"Making monthly investments through the Hong Leong Guaranteed Multiplier Plan also means that customers will leverage on the principle of Dollar-Cost-Averaging and avoid the pitfalls of emotional investing when the market moves up or down", she adds.
For the initial launch, customers can choose to invest in the high-growth potential ‘Emerging Markets' themed portfolio gaining exposure into markets such as Brazil, Russia, China, Vietnam and many more. The first 1,000 customers who open a new Hong Leong Guaranteed Multiplier Plan account will receive a free trolley bag. The minimum opening for this account is as little as RM200 and subsequent top up amount starts as low as RM200 per month.
The Hong Leong Guarantee Multiplier Plan is available at all HLB branches from 5th July onwards. For more information, please visit any HLB branches or log on to www.hlb.com.my . Product terms and conditions apply.
-END-Press Release - 05/07/2010