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Looking to grow savings safely while still enjoying higher-than-usual returns?

Hong Leong Bank is currently rewarding prudent savers with a special eFixed Deposit (eFD) and eFixed Deposit-i (eFD-i) campaign that offers returns of up to 3.6% p.a. on eligible online placements.

This limited-time eFD and eFD-i promotion runs until 31 Dec 2025, giving individual and joint account holders in Malaysia ample time to lock in attractive promo rates while maintaining low risk and convenient online access.

🌟 Why this Hong Leong Bank promo stands out

This promotion is structured around clearly defined tenors and rates, allowing customers to match their savings goals with the right duration. Whether the objective is to park funds for just a few months or to plan ahead for the coming year, the available eFD and eFD-i options provide a disciplined way to grow New Funds at a fixed return.

• Secure and predictable returns: Rates are fixed for the chosen tenor, so customers know exactly what they will earn when the placement matures.
• Choice of tenors: From short-term to medium-term options, customers can select a term that complements their cash flow needs.
• Conventional and Islamic variants: The eFD provides conventional interest, while eFD-i offers Shariah-compliant profit based on Islamic banking principles.
• Fully online experience: Placement and management are done electronically, making it convenient for busy Malaysians who prefer digital banking.

📊 Promotional rates and placement details

The following table summarises the promotional tenors and returns for this campaign:

Note: Promotional Rate(s) are subject to revision if the Overnight Policy Rate (OPR) changes or at the Bank’s discretion with prior notice to customers.

💡 Key features and eligibility

In line with Hong Leong Bank’s campaign mechanics, several key conditions apply to this promotion:

• Promotion period: Valid until 31 Dec 2025.
• Eligible funds: Applicable only for New Funds transferred in from other banks via FPX. Transfers from existing Hong Leong Bank or Hong Leong Islamic Bank CASA/CASA-i accounts do not qualify for this promo.
• Minimum placement: A low entry point of RM1,000 makes the promotion accessible to a wide range of savers.
• Maximum placement: Placement size follows the prescribed maximum transfer limit of the relevant bank. For online FPX transactions, placements are typically allowed up to RM200,000 per transaction, subject to each customer’s internet banking transfer limit and the same prescribed maximum transfer limit.
• Joint account eligibility: For joint accounts, both holders must be at least 18 years old and must already maintain CASA/CASA-i accounts under the same names with Hong Leong Bank.

These conditions ensure that both individual and joint account holders can participate while keeping the focus on genuine new deposits. The availability of the eFD-i variant also means that customers seeking Shariah-compliant solutions can participate under Islamic banking principles.

🏦 eFD vs eFD-i at a glance

• eFD (eFixed Deposit): A conventional fixed deposit product where interest is paid at the agreed rate upon maturity, subject to prevailing terms and any early withdrawal conditions.
• eFD-i (eFixed Deposit-i): An Islamic fixed deposit based on Shariah concepts, where customers receive a pre-agreed profit rate instead of interest. This allows Muslim customers and others who prefer Islamic banking to enjoy similar promotional returns in a Shariah-compliant way.

Both variants are typically placed and managed online and are protected by PIDM up to RM250,000 for each depositor, as they are eligible deposit products with Hong Leong Bank and Hong Leong Islamic Bank.

📝 How customers usually make a placement

HLB Connect Online

1. Log in to HLB Connect Online
2. From the Apply menu, under Fixed Deposit, select New Placement
3. Select your funding bank
4. Enter placement details
5. You will be redirected to your funding bank’s internet banking login page
6. Log in and transfer placement funds via FPX

HLB Connect App

1. Log in to your Connect App, tap on Menu, Fixed Deposit,
   and select New Placement
2. Enter your new placement details, principal amount and tap on Next
3. Check your details and tap on Place Now
4. If you have selected other bank as your funding bank, you will be redirected to your funding bank’s page to complete your eFixed Deposit placement

⚠️ Important things to consider

• Early withdrawal: For this campaign, any early uplift (full or partial) of the eFD/eFD-i or Joint eFD/eFD-i will not earn any interest/profit on the prematurely withdrawn amount. Interest/profit is only paid on any remaining balance that stays invested until maturity, in line with the bank’s campaign terms.
• Rate changes: While the rate is fixed for a confirmed placement, future promotional offerings can change, especially if the Overnight Policy Rate (OPR) is adjusted.
• Renewal options: At maturity, customers may usually choose to renew the placement, withdraw the funds, or place them into another tenor, subject to the then-current rates and terms.
• Overall financial planning: As with any fixed deposit, customers should consider their liquidity needs and avoid locking away funds that may be required urgently.

For full terms and conditions, customers should refer to the official document provided by the bank: Hong Leong Bank eFD Promo Terms & Conditions.

More campaign details, including current rate confirmation and online placement options, are available on the official Hong Leong Bank promotion page.

✅ Conclusion

With promo rates of up to 3.6% p.a. available until 31 Dec 2025, this Hong Leong Bank eFD and eFD-i campaign provides a useful avenue for Malaysians who want a relatively low-risk home for their New Funds while still enjoying attractive returns. The range of tenors, digital convenience and inclusion of a Shariah-compliant option mean that many types of savers can find a structure that suits their financial goals.

Customers who have idle balances sitting in low-yield current or savings accounts may consider moving a portion into this promotion, while keeping enough funds for emergencies. By doing so, they can potentially enhance overall returns without taking on market volatility.

Disclaimer: Promotional details, rates and eligibility criteria are subject to change at Hong Leong Bank’s discretion. Customers should always refer to the bank’s latest official communication and terms and conditions before committing funds, and should assess how this promotion fits into their wider financial plans.

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