Bank of Hong Long adjust deposit account interest rate?

Hong Leong Bank adjusts savings account interest rate from May 10.According to a message issued by Hong Leong Bank on May 2, 2018, the Basic Savings Account interest will be adjusted from May 10.Users with a deposit of RM50,000 or less will enjoy 0.25% pa, and users with a deposit of RM50,000 to RM100,000 will enjoy 0.40% pa interest.For users with a deposit of RM100,000 or above, they will enjoy 0.50% pa.

Generally, the interest on bank savings accounts is very low, so it is recommended that you do not store too much money in savings accounts.You should put money in high-return investment projects, such as time deposits, trust funds, stocks, and so on.Here is an example of a 4% annual interest rate fixed deposit. When you deposit RM10,000, you will get a monthly return of RM33.33.

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But when you put your money in your ordinary savings account, you only get RM208 per month.Smart management of your own deposits will allow you to create passive income.According to a message issued by Hong Leong Bank on May 2, 2018, the Basic Savings Account interest will be adjusted from May 10.Users with a deposit of RM50,000 or less will enjoy 0.25% pa, and users with a deposit of RM50,000 to RM100,000 will enjoy 0.40% pa interest.For users with a deposit of RM100,000 or above, they will enjoy 0.50% pa.Generally, the interest on bank savings accounts is very low, so it is recommended that you do not store too much money in savings accounts.

You should put money in high-return investment projects, such as time deposits, trust funds, stocks, and so on.Here is an example of a 4% annual interest rate fixed deposit. When you deposit RM10,000, you will get a monthly return of RM33.33.But when you put your money in your ordinary savings account, you only get RM208 per month.Smart management of your own deposits will allow you to create passive income.

Sources of article:
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