Last updated on 2022-12-01
High interest rate for savings account
Low monthly deposit
Established presence in neighbourhoods
Bonus interest rate applied only on designated GIRO transfers
Requires fixed monthly GIRO transfers that cannot be withdrawn
Actual annual interest rate will be much lower than headline 3.85% p.a. due to bonus interest being applied only on GIRO transfers
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Interest | |
---|---|
Base Interest | 0.35% p.a. |
Bonus Interest | 3.50% p.a. |
Total | 3.85% p.a. |
Earn up to 3.85% p.a. (Additional 3.50% bonus interest + 0.35% base interest) on your monthly savings via GIRO transfers
Earn 0.15% base interest for deposits of $500 to $49,999, 0.30% base interest for deposits of $50,000 to $299,999 and 0.35% base interest for deposits of $300,000 and above
Initial deposit from $100
No fall below fee
One account per customer
Monthly Giro | Bonus Interest |
---|---|
$0.2k to < $1k | 3.00% p.a. |
$1k to <5k | 3.20% p.a. |
$5k to <$8k | 3.50% p.a. |
Receive bonus interest when through saving through fixed monthly GIRO transfer from $200 to $8,000
Bonus interest rate of up to 3.50% p.a. will be applied on monthly GIRO transfers
Bonus interest is payable in January and July and is only credited if the GIRO funds are not withdrawn
The bonus interest is in additional to attractive rate for deposits that ranges from 0.15% to 0.35% p.a. depending on amount of deposits
Click here to go to Hong Leong Finance website for more details