Gains higher deposit interest when transact more e-Payments

Hong Leong Bank (HLB) launched its Pay&Save Account, the first and only savings account in the country that rewards customers up to 3.1% interest per annum on their account balance for making e-Payments via online.

“This initiative is in-line with Bank Negara’s blueprint in encouraging more e-payment usage in the country,” Moey Tan, HLB’s Chief Operating Officer, Personal Financial Services said.

“Hong Leong Pay&Save Account combines the benefit of a saving and current account with value added feature to earn extra interest on the account balance. The account holders can earn higher interest up to 3.1% per annum on the account balance when they transact more e-payments using the account such as paying bills online. If compared with a basic savings account, it only entitles the customers 1% interest per annum,” Tan added.

In conjunction with the launch, Hong Leong Bank customers can stand a chance to win a 42-inch LED TV when they open Pay&Save Account with a minimum deposit of RM1,000 before 31 March 2013.

by Alice Lee