HL Bank – that’s Hong Leong Bank, which should be a more familiar name – is offering a promotional rate of 1.98% pa interest on balances up to $200,000. The interest rate will be applicable from 1st February to 30th April. A three-month fixed deposit with high-ish interest rates and 100% liquidity? Not too shabby.
Features and fees A minimum of $1,000 is required for the 1.98% pa to apply, and the rate applies for balances up to $200,000. The next $800,000 in excess of $200,000 still gets 1.48% pa, but I’m guessing you’d want to put those funds somewhere else....
