Deposit Details
| 13 mths | 24 mths | 36 mths | |
|---|---|---|---|
| $20k & Above | 0.52% p.a. | 0.65% p.a. | 0.75% p.a. |
Receive up to 0.75% p.a. interest for Hong Leong Finance
Receive 0.75% p.a. interest for Hong Leong Finance 36 months fixed deposit when you deposit fresh funds via Online Instruction Form & PayNow
HL Bank Singapore offers a host of personal financing products and services ranging from loans, savings / current accounts, online banking, mobile banking and more. All designed to cater for the different needs and lifestyles of the customers.
- Hong Leong Bank Fixed Deposit offers the flexibility of deposit terms from one month to sixty months with attractive interest rate, invest your cash and earn money right off the bat. The longer you place the deposit, the higher the interest rate is. The cool thing about this Hong Leong Bank FD is that the bank lets you choose the tenure of your.
- (b) your placement of fixed deposit is for 12 months or above Minimum placement sum for 1 or 2 months deposit is S$10,000, and for the longer terms is S$500. Overdue Fixed Deposit (3 to 36 months) will be paid on the then prevailing Board Rate for completed quarter (s) or cycle (s).
- A premium account with flexibility and high interest rates. Basic Savings Account. Open an account with low initial deposit of RM20. Savings Account. Place and withdraw your Fixed Deposit via Hong Leong Connect. Enjoy the flexibility of making early of partial withdrawals.
Receive 0.65% p.a. interest for Hong Leong Finance 24 months fixed deposit when you deposit fresh funds via Online Instruction Form & PayNow
Receive 0.52% p.a. interest for Hong Leong Finance 13 months fixed deposit when you deposit fresh funds via Online Instruction Form & PayNow
Receive 0.73% / 0.63% / 0.50% p.a. interest for Hong Leong Finance 36 / 24 / 13 months fixed deposit when you deposit fresh funds via Over the Counter
Only for fresh funds with minimum $20,000 deposit
Automatic renewals of fixed deposits at broad rates upon expiry
Retail customers may renew or withdraw their Fixed Deposit via the Instruction Form
Placement via Hong Leong Finance Branches
Promotions
Receive 0.45% p.a. interest for Hong Leong Finance 6 months fixed deposit + High Tea Jubilee Set for Two worth $88 when you deposit fresh funds of minimum $200,000 via Online Instruction Form & PayNow
Click here to go to Hong Leong Finance website for more details
Historical Chart and Deposit Rates
* Interest Rates based on highest fixed deposit rate with
maximum deposit amount of $75,000 and 3 to 18 months tenure
Hong Leong Finance current highest fixed deposit rate is 0.52% p.a. for 12 months tenure with minimum deposit of $20,000.
The current highest fixed deposit rate is a Hong Leong Finance fixed deposit promotional rate
The current Money Lobang National Average Fixed Deposit Rates for March 2021 is 0.46% p.a.
The average monthly highest fixed deposit rate for Hong Leong Finance since 2018 is 1.32% p.a.
Hong Leong Finance runs fixed deposit promotional campaigns every month
The next holiday most of us are looking forward to is probably the Christmas Season. In the month of November, banks have launched their Fixed Deposit Christmas Promotion where we can look forward to some attractive interest rates.
For those who has a lump sum of cash and can afford to lock down the money for 12 months or more, I certainly do recommend placing the money into fixed deposits as compared to the Singapore Savings Bonds. The reason is that for a short term period of 12 months, the interest rate for Singapore Savings Bonds has fell tremendously to 1.56% (Read more: December 2019 Singapore Savings Bonds is 1.71%)
Maybank is a clear winner here with interest rate of 1.88% for a 12 months placement. CIMB Bank is in the second place with their Fast Fixed Deposit Christmas Promotion interest rate of 1.80% p.a.
CIMB Fast Fixed Deposit Christmas Promotion
Interest rate: 1.80%, Minimum Placement: S$10,000, Promotion Valid Until: 30th November 2019
Hong Leong Fixed Deposit Rate Malaysia 2020
The total interest that you will receive if you place S$20,000 for 12 months is S$360.
Hong Leong Finance Fixed Deposit
Interest Rate: 1.73%, Minimum Placement: S$20,000, Promotion Valid Until: Not stated
Hong Leong Finance seems to have increased their interest rate for S$50,000 to less than S$100,000 deposit for a 12 month period from 1.75% to 1.80%.
The total interest that you will receive if you place S$20,000 for 12 months is S$346.
Standard Chartered Bank (Singapore) Time Deposit
Interest Rate: 1.60%, Minimum Placement: S$25,000, Promotion Valid Until: 30th Npvember 2019
The total interest that you will receive if you place S$25,000 for 9 months is S$300.
MayBank Singapore Dollar Time Deposit
Interest Rate: 1.88%, Minimum Placement: S$20,000, Promotion Valid Until: Not stated
The total interest that you will receive if you place S$20,000 for 12 months is S$376.00. However, there are some catch should you choose to place your fixed deposit with MayBank
Hong Leong Fixed Deposit Rate Singapore
- You need to have a MayBank Current or Savings account.
- For every S$1,000 deposited into the CASA Account, S$10,000 can be placed into the Singapore Dollar Time Deposit, subject to a minimum of S$20,000 in Time Deposit and the corresponding minimum deposit of S$2,000 in the CASA Account.