Mach by Hong Leong Bank today unveiled its Mach FD, a first-of-its-kind fixed deposit product in Malaysia specifically designed with flexibility in mind to cater to the tech savvy Gen Y market. The Mach FD allows customers to make partial withdrawals without forfeiting the interest earned to date, Hong Leong Bank said.
With the Mach FD, customers can place and withdraw the fixed deposit from anywhere via www.hongleongconnect.my using theirs Money Box account which is linked to Mach FD account. In addition, Mach FD account provides e-statement and will be renewed upon maturity with attractive interest rates.
In conjunction with the launch, customers who place a new minimum deposit of RM10,000 between Jan 7 and Mar 7, 2013 can enjoy a higher interest rate of up to 4 per cent per annum.
by Alice Lee