Hong Leong Finance Fixed Deposit

Posted : admin On 28.02.2021
  1. Hong Leong Fixed Deposit Promotion
  2. Hong Leong Finance Fixed Deposit 2021
  3. Hong Leong Finance Singapore

Hong Leong Finance Deposit Promotion Interest Rate: Up to 0.73%, Minimum Placement: S$20,000, Promotion Valid Until: Not stated For 12 months placement of S$20,000 at 0.73% p.a., the interest that you will receive upon maturity is S$146.00. List of Fixed Deposit sale events, promotions, price list and other happenings in Singapore. Last updated March 2021 P3W5D Past Event. Earn returns with a minimum sum of $500 in the latest Singapore Savings Bond. OCBC: Earn up to 0.50% p.a. With 12 mths time deposit from 5.

This is the month of Christmas and also the last month of the year 2019. On top of the fixed deposits promotion that I have found last month in November, there is a new one such as the CIMB Why Wait Fixed Deposit-I promotion.

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 January 2020 Singapore Savings Bonds has fell tremendously to 1.52% (Read more: January 2020 Singapore Savings Bonds is 1.76%)

Below are fixed deposits from CIMB, Hong Leong Finance and MayBank. I have removed the fixed deposit promotion from Standard Chartered Bank because it fell to a non-attractive rate of 1.55% p.a. For those who are interested, OCBC is also offering a interest rate of 1.55% p.a. for a fixed deposit of 12 months on SGD as well.

CIMB Fast Fixed Deposit Christmas Promotion

Interest rate: 1.80%, Minimum Placement: S$10,000, Promotion Valid Until: 31st December 2019

The total interest that you will receive if you place S$20,000 for 12 months is S$360.

CIMB Why Wait Fixed Deposit-i Christmas Promotion

Finance

Interest rate: 1.80%, Minimum Placement: S$10,000, Promotion Valid Until: 31st December 2019

This is another fixed deposit promotion offered by CIMB. For this Why Wait Fixed Deposit-it, you get the profit upfront rather than upon maturity.

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: 1.70%, Minimum Placement: S$20,000, Promotion Valid Until: Not stated

Hong Leong Finance seems to have reduced the interest rate for their fixed deposit. For a placement of S$20,000, last month was 1.73% but now they have reduced it to 1.70%. Nevertheless, it is still attractive.

The total interest that you will receive if you place S$20,000 for 12 months is S$340.

MayBank Singapore Dollar Time Deposit

Hong Leong Fixed Deposit Promotion

Interest Rate: 1.80%, Minimum Placement: S$20,000, Promotion Valid Until: Not stated

Hong Leong Finance Fixed Deposit 2021

Maybank has also reduced their fixed deposit interest rate from 1.88% to 1.80%. The total interest that you will receive if you place S$20,000 for 12 months is S$360.00. However, there are some catch should you choose to place your fixed deposit with MayBank

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  • 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.
Promotion PeriodTenureRateMinimum Placement AmountMaximum Placement Amount
8 January 2021 –
31 March 2021
3 months2.30% p.a.RM10,000RM2,000,000
6 months
2.35% p.a.
12 months
2.30% p.a.

How to place eFixed Deposit/eFixed Deposit-i on Connect Online Banking?

Not yet a HLB Connect user? Register now.

Terms and conditions apply. The maximum deposit amount per transaction via FPX transfer is RM200,000, subject to such prescribed maximum amount/limit of transfer in the Customers’ individual internet banking maintained with the relevant bank.

Picture shown is for illustration purposes only.

Hong Leong Finance Singapore

Member of PIDM. Protected by PIDM up to RM250,000 for each depositor.