Hong Leong 6-month Step Up Bundle FD

Besides the Mach FD, Hong Leong Bank brings you another 6-month Fixed Deposit Step Up Rates bundle with Current Account or Savings Account (CASA) promotion from 1st October 2013 until 31st January 2014, or upon reaching fund size of RM 500 million, whichever comes first.

This FD promotion is open to all new and existing customers including Malaysian and non-Malaysian Residents and Non-individual customers. The promotion is applicable for fresh fund only. The minimum placement amount in FD and CASA is as follows:

Types of Customers	FD Placement Amount	Deposit Amount in CASA
Mass/ Non-PB	RM 10000 to RM 1000000	5% of FD Placement Amount (earmarked for 3 months)
Priority Banking (PB)	RM 50000 to RM 2000000

The promotional interest rates for 6-month FD Step Up Rates are as follows:

	Month	1st to 2nd	3rd to 5th	6th
Mass/Non-PB	Interest Rate (p.a.)	3.10%	3.20%	4.00%
Priority Banking	Interest Rate (p.a.)	3.10%	3.20%	4.50%

Eligible customers are required to deposit the stipulated amount into one of the following CASA:

1. Hong Leong Basic Savings Account
2. Hong Leong Savings Account
3. Hong Leong Senior Savers Savings Account
4. Hong Leong One Account
5. Hong Leong Pay & Save Account
6. Hong Leong SmartLink Account
7. Hong Leong Basic Current Account
8. Hong Leong Current Account

Besides, Non-PB customers are entitled for the Early Bird Specials on first-come-first-served basis. First 200 customers with minimum deposit of RM 300000 in FD and RM 18000 in CASA are eligible to get a pair of Universal Studios Singapore One Day Pass (worth SGD 148).

New and existing Non-PB Individual customers who are primary accountholders and Malaysian will automatically qualify to participate in the following contest. Daily cash prize of RM 1000 will be given away to one winner on weekdays (Mondays to Fridays), excluding Public Holidays. 

Every deposit of RM 10000 per FD receipt entitles customers to earn one contest entry. Customers' Account must remain active with a minimum qualifying balance of RM 10000 in FD and RM 600 in CASA from 31st January until 31st March 2014, else customers will be disqualified from the contest.

The effective interest rates for the FD are 3.12% p.a. for Non-PB and 3.20% p.a. for PB. The rates are actually quite low. You can get better rates with Mach FD.