48 SMART: Hong Leong Pay & Save Account
+Smartan Dad

Wednesday, 3 July 2013

Hong Leong Pay & Save Account

Hong Leong Bank's Pay & Save Account is the first CASA that gives you up to 3.1% p.a. interest when you pay your bills. You will get paid when you make e-Payment for utilities, phone, Astro, Credit Card, Housing Loan, Car Loan or even Personal Loan. For the e-Payment, you can either sign up for a Standing Instruction, perform IBG or online bill payment.

This is the savings interest rates for Pay & Save Account:

Balance Range
Interest Rates
Up to RM 1000
0.00% p.a.
Up to RM 20000
0.45% p.a.
Up to RM 100000
0.90% p.a.
Above RM 100000
1.20% p.a.

Interest is calculated and accrued daily based on each day’s end-day balance and credited on the last day of every quarter into the Account (i.e. 31 March, 30 June, 30 September and 31 December). Interest will only be paid for daily account end day balances of more than RM 1000.

You can get e-Xtra interest when you make more e-Payments. Interest is calculated monthly and credited in the following month.

No. of bills/ loans paid successfully per month
Interest Rates
1 -3
0.25% p.a.
4 -6
0.50% p.a.
7 -9
0.75% p.a.
10 -14
1.00% p.a.
15 and above
1.90% p.a.

e-Payments that are eligible for the e-Xtra Interest are defined as follows:

Eligible e-Payments
Debit From
Minimum Amount
Credit Card
Housing/ Car/ Personal Loan
           Bill payments to registered payee corporations listed in Hong Leong Connect, ATM and IVR
Account/ Debit Card
IBG via online

Enjoy 10%p.a. Bonus Interest when you use this account for salary crediting via Hong Leong e-Payment Service (Payroll Account). Bonus Interest is awarded for 5 days only from day 1 to 5 end day balances based on the first salary, bonus, allowance or medical claim credited into the account every month via the HL Payroll Account.

Besides, you can get a Free Debit Card + Free Touch'n Go Zing Debit Card (applicable for first year only), free bi-monthly statement (no passbook issued) and an optional cheque book.

From 1st July until 30th September 2013, if you deposit fresh fund of RM 5000 and earmarked for 4 months, you can get  an early bird gift, the Thermos Tumbler. The gift is limited to 1 per customer and on first-come-first-served basis. A penalty fee of RM 50 is chargeable in the event the earmarked amount is released in less than 4 months.


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