Mach Fixed Deposit

Mach Fixed Deposit Account by Hong Leong Bank (HLB) is a fixed deposit account which allows account creation, placements and withdrawals to be performed via HLB online banking, Hong Leong Connect. HLB had recently revised and improved its Mach FD interest rate to be more competitive.

Mach FD is only applicable for individuals, either personal or joint, who are holders of a Hong Leong Money Box Deposit Account. Mach FD will be linked to customer’s Money Box. Interest earned shall be credited on a monthly basis into the Money Box at the end of each month.

Placement of a fixed deposit must be made according to the following tenures; 1 month, 2 months, 3 months, 6 months, 9 months and 12 months. Minimum placement required is RM 5000 for 1-month FD tenure and RM 1000 for FD with tenures of 2 months or more. No fixed deposit receipt will be issued but the FD account activities will be reflected in customer’s Money Box monthly statement.

Withdrawals can only be performed via Hong Leong Connect. Partial withdrawals are allowed with condition that the FD account must be 6-month tenure or more and with minimum principal amount of RM 10000. Minimum partial withdrawal is RM 3000 and in multiples of it. Amount withdrawn shall be credited to customer’s Money Box.

Mach has been operating its first branch out of Klang Valley in Gurney Paragon, Penang since end of July 2013. All new and existing customers who open FD account Mach Gurney Paragon Penang Branch are eligible for Mach Fixed Deposit 3 Months at 3.55% p.a. promotion. The campaign started on 24th July 2013 and ends on 31st October 2013 or upon receiving RM 100 million. Customers are required to deposit a fresh fund of minimum RM 10000 and maximum RM 100000 to enjoy the promotional FD interest rate.