In the financial market, fixed deposits and multi-currency accounts are important tools for individuals and enterprises to conduct wealth management and asset allocation. Hong Leong Bank, with its excellent financial services and a wide variety of products, has performed outstandingly in this field. This article aims to provide you with a comprehensive guide to Hong Leong Bank's fixed deposits and multi-currency accounts, helping you better plan your finances and achieve steady growth of your wealth.

Fixed Deposits: A Stable Choice for Long-Term Wealth Accumulation

1. Basic Fixed Deposit

Hong Leong Bank's basic fixed deposit product provides customers with a safe and stable long-term savings plan. Its main features are as follows:

• Diverse term options: It offers a variety of term options ranging from 1 month to 60 months to meet the financial planning needs of different customers. Whether it is for short-term parking of funds or long-term wealth accumulation, customers can find a deposit term suitable for them.
• Competitive interest rates: According to different deposit terms, the annual interest rate ranges from 2.15% to 2.35%. The specific interest rate settings are as follows:

• Convenient deposit and withdrawal methods: Customers can conduct deposit and withdrawal operations through various channels of Hong Leong Bank, including bank counters, ATMs, online banking, etc. This makes the deposit and withdrawal of funds easy and quick.
• Fund security guarantee: As a member of the Perbadanan Insurans Deposit Malaysia (PIDM), Hong Leong Bank provides each depositor with a guarantee of up to RM250,000 to ensure the safety of customers' funds.

2. Online Fixed Deposit (eFD)

Hong Leong Bank's online fixed deposit (eFD) product provides customers with a more convenient and flexible fixed deposit option. Its main advantages include:

• Low minimum deposit requirement: The minimum deposit amount for 1 month is RM5,000, and the minimum deposit amount for 2 months and above is only RM500. This enables more customers to participate in fixed deposits and enjoy the benefits of fixed deposits.
• Flexible deposit and withdrawal operations: Customers can conduct deposit and withdrawal operations anytime and anywhere through HLB Connect. After a successful deposit, customers can also view the detailed information of their accounts and deposits on HLB Connect.
• Competitive interest rates: The eFD product also offers competitive interest rates. The interest rate details are as follows:

3. Flexi Fixed Deposit

Flexi Fixed Deposit is a flexible fixed deposit product provided by Hong Leong Bank for customers. Its main features are as follows:

• Automatic transfer function: Used in conjunction with the Flexi One account, when the balance of the Flexi One account exceeds RM30,000, the excess amount will be automatically transferred to the Flexi FD account once a month in multiples of RM30,000 to achieve automatic appreciation. In addition, when the balance of the Flexi One account is insufficient, the Flexi FD will automatically transfer out funds (each transfer amount is RM3,000 or a multiple thereof, and a RM5 service fee will be charged) to meet the customer's fund needs.
• Convenient check function: The Flexi FD account is equipped with a Flexi One account, providing customers with the convenience of check payment.
• Clear monthly statement service: A comprehensive monthly statement is provided, enabling customers to clearly understand the fund flow of their accounts.

4. Senior Flexi Fixed Deposit

Designed for Malaysians aged 50 and above, the Senior Flexi FD has a minimum deposit of RM10,000. Its feature lies in offering more attractive interest rates than traditional fixed deposits. Different terms correspond to different annual interest rates. For example, it is 2.15% for 1 month and 2.50% for 12 - 60 months. The interest will be credited to the designated account upon the maturity of the deposit, and partial early withdrawal of the deposit is allowed (it must be RM3,000 or a multiple thereof). Since January 1, 2019, no interest will be paid for partial withdrawals and early withdrawals, but the remaining deposit can still earn interest. This product also enjoys the comprehensive monthly statement service and is protected by PIDM.

5. Children's Fixed Deposit

Designed specifically for children under 18 years old, the Children's Fixed Deposit requires an application to be submitted by the parents or legal guardians, with a minimum deposit of RM1,000. The interest rate settings are as follows:

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The interest is calculated daily and credited to the children's savings account upon the maturity of the deposit. Since January 1, 2019, no interest will be paid for partial withdrawals and early withdrawals, but partial early withdrawal of the deposit is allowed (the withdrawn amount should be RM3,000 or a multiple thereof), and the remaining deposit will still earn interest at the original interest rate. In addition, a quarterly statement service is provided, which is convenient for guardians to understand the account situation. It is protected by PIDM, with a maximum protection amount of RM250,000.

6. Foreign Exchange Fixed Deposit

Foreign exchange fixed deposits provide investors with a wide range of currency options and preferential Forex conversion rates, making investment more valuable. Its main features include:

• Rich currency options: It provides investors with a variety of foreign currency options to meet different foreign exchange investment needs.
• Preferential Forex conversion rates: It provides investors with competitive foreign exchange conversion rates to enhance investment returns.
• Risk warning: Foreign exchange investment has the risk of exchange rate fluctuations. Investors need to pay attention to relevant risks and follow the relevant guidelines and notifications of Bank Negara Malaysia.

Multi-Currency Accounts: A Powerful Tool for Global Wealth Management

1. Multi-Currency Savings and Payments

Hong Leong Bank's multi-currency account supports the savings of Malaysian Ringgit (MYR) and 12 other foreign currencies. Customers can manage all currencies in one stop. This function is especially practical for customers who often travel abroad, study abroad, or have overseas business transactions. When used in more than 31 countries, customers can make foreign currency payments and withdrawals like locals without having to carry a large amount of cash, which greatly improves the convenience and safety of payments.

2. Preferential Exchange Rates and Transparent Fees

This account offers highly competitive exchange rates and is transparent with no hidden conversion fees. Customers can perform real-time exchange rate conversion through HLB Connect to obtain competitive exchange rates and make their funds more valuable. When shopping globally, using foreign currency savings does not require paying Dynamic Currency Conversion (DCC) fees, saving costs for customers.

3. International Remittance Services

Through HLB SuperSend, customers can conveniently remit money overseas and easily achieve cross-border transfers. This service provides great convenience for parents who need to remit money to their children overseas for tuition and living expenses, or for business owners with overseas business needs.

4. Foreign Exchange Investment and Risk Resistance

For customers with foreign exchange investment needs, multi-currency accounts help diversify investment portfolios and effectively resist market exchange rate fluctuations. By managing multiple foreign currencies in one account, investors can more flexibly respond to market changes and optimize their investment strategies.

5. Account Operation Process

Whether it is to exchange foreign currency or purchase foreign currency, customers can easily complete the operation through Hong Leong Bank's application or online banking. The system will guide customers through each step to ensure the security and accuracy of the transaction. During the operation, customers can view the transaction details at any time and authorize the transaction through AppAuthorise.

6. Security and Fund Protection

Hong Leong Bank has a professional security team dedicated to preventing fraud and ensuring the safety of customers' funds. Customers can use a debit card with multiple security protections for cashless payments and can immediately report a lost or stolen card through the HLB Connect application. In addition, this account is protected by PIDM, and each depositor can receive a maximum guarantee of RM250,000, providing reliable protection for customers' funds.

Top Yield Account: A High-Quality Choice for One-Stop Multi-Currency Savings and Payments

1. A Powerful Tool for Global Payments and Foreign Exchange Investment

As a one-stop multi-currency savings and payment account of Hong Leong Bank, the Top Yield account supports 12 foreign currencies and is used in more than 31 countries, providing customers with a powerful tool for global payments and foreign exchange investment. Customers can use the locked foreign currency savings for payments and withdrawals, enabling a single debit card to be used for consumption in multiple foreign currencies in multiple places without the need to carry cash, which greatly improves the convenience and safety of payments.

2. Exchange Rate and Fee Advantages

This account offers highly competitive exchange rates with no hidden conversion fees. Customers do not need to pay Dynamic Currency Conversion (DCC) fees when shopping globally, saving costs. Through real-time exchange rate conversion via HLB Connect, customers can obtain competitive exchange rates and make their funds more valuable.

3. Convenient International Remittance

Through HLB SuperSend, customers can conveniently remit money overseas and easily achieve cross-border transfers. This service provides great convenience for parents who need to remit money to their children overseas for tuition and living expenses, or for business owners with overseas business needs.

4. Investment and Risk Resistance

The Top Yield account helps customers diversify their investment portfolios and effectively resist market exchange rate fluctuations. By managing multiple foreign currencies in one account, investors can more flexibly respond to market changes and optimize their investment strategies.

5. Account Usage Method

Customers can log in to the HLB Connect application or online banking, click on "Foreign Currency Deposit", select the currency to be exchanged and enter the amount, and follow the on-screen instructions to complete the foreign currency exchange. The process of purchasing foreign currency is also convenient. After logging in, customers click the "Purchase Foreign Currency" button next to the Pay&Save account /-i, select the currency and enter the amount, confirm the transaction details, authorize the transaction through AppAuthorise, follow the prompts, and confirm the transaction status online.

6. Security and Fund Protection

The funds in the Top Yield account are guaranteed to be safe by the professional team of Hong Leong Bank. A debit card with multiple security protections is used for cashless payments. If the card is lost or stolen, customers can immediately report it through the HLB Connect application. In addition, this account is protected by PIDM, and each depositor can receive a maximum guarantee of RM250,000 to ensure the safety of customers' funds. In the context of today's global economic integration, the financial service needs of individuals and enterprises are becoming increasingly diverse and complex. Hong Leong Bank's fixed deposit and multi-currency account products, with their rich functions, flexible operation methods, competitive interest rates and exchange rates, and comprehensive security guarantees, provide customers with a stable and efficient wealth management and asset allocation platform. Whether it is for pursuing long-term wealth accumulation or for meeting the foreign exchange investment and payment needs in the context of globalization, Hong Leong Bank can provide customers with customized solutions to help them achieve their financial goals. Choose Hong Leong Bank, start your wealth management journey, seize every investment opportunity, and achieve stable appreciation of your assets.

Conclusion

Hong Leong Bank's fixed deposit and multi-currency account products provide customers with diverse financial solutions. With their rich functions, flexible operation methods, competitive interest rates and exchange rates, and comprehensive security guarantees, they meet the financial needs of different customer groups and are a reliable choice for you to achieve steady growth of your wealth and global asset allocation. Choose Hong Leong Bank, start your wealth management journey, seize every investment opportunity, and achieve stable appreciation of your assets.

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