48 SMART: Hong Leong 12-month FD Step Up Rate Promotion
+Smartan Dad

Tuesday, 20 May 2014

Hong Leong 12-month FD Step Up Rate Promotion

Hong Leong Bank started its operation in 1905 in Kuching, Sarawak under the name of Kwong Lee Mortgage and Remittance Company. In Year 2011, Hong Leong Bank completed the merger with EON Bank Group. The merger effectively transforms the bank into a banking group of more than RM 145 billion in assets and an expanded network of 329 branches nationwide.






















Hong Leong Bank is having 12-month FD step up rate promotion from 19th May until 30th June 2014 or upon reaching the fund size of RM 1 billion 300 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. Customers shall be eligible for the following 12-month FD step up rate subject to the tenure of FD placement and fulfillment of the FD placement amount as follows:

Tenure
Promotional FD Rate
FD Placement Amount
1st to 4th
3.30% p.a.
i) Customers
Minimum Placement: RM 10000
Maximum Placement: RM 1000000

ii) Priority Banking Customers
Minimum Placement: RM 10000
Maximum Placement: RM 2000000
5th to 8th
3.60% p.a.
9th to 12th
4.00% p.a.
12-month Effective FD Rate = 3.63% p.a.

Eligible customers are required to nominate a CASA for the purpose of crediting the FD interest earned under this promotion. FD interest will be credited into the eligible customer’s nominated CASA on monthly basis. Upon maturity, the principal FD amount shall be auto-renewed at the prevailing 12-month conventional FD board rate.


ShareThis

Related Posts Plugin for WordPress, Blogger...