Pay&Save Account-i
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RECOMMEND ME
RECOMMEND ME
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Get returns of up to 3.05% when you deposit, pay, or spend
HOW DOES IT BENEFIT YOU
HOW DOES IT BENEFIT YOU
DEPOSIT
2.05% p.a.
Savings Profit
RM2,000 in one sum monthly
PAY
0.50% p.a.
e-Xtra Profit
RM500 online monthly
SPEND
0.50% p.a.
Bonus Profit
RM500 with debit card monthly
Plus, an extra 0.90% p.a. profit when you invest in share trading.
Terms and conditions apply. Picture shown is for illustration purposes only.
HOW DOES IT WORK
HOW DOES IT WORK
1. Check your eligibility
Find out if this account is the right match for you:
For Malaysians and non-Malaysians
18 years old and above
Minimum initial deposit of RM200
Not Applicable to societies, clubs and associations
2. Shariah Concept applicable
By applying, you are appointing HLISB as an agent to purchase a commodity with a price equivalent to your deposit amount. You will then sell the commodity to HLISB at a profit, and thereafter HLISB will sell the commodity to a third party to obtain cash on the basis of Tawarruq.
| Overview of Monthly Profit | Profit Rate | Amount |
|---|---|---|
| Savings Profit | 1.40% | RM116.67 |
| Bonus Profit | 1.40% | RM116.67 |
| e-Xtra Profit | 1.40% | RM116.67 |
| Share Trading Bonus Profit | % | RM |
| Total (per month) | 1.40% | RM116.67 |
Disclaimer
The information shown is indicative and for illustration purpose only. Hong Leong Bank will not under any circumstances accept responsibility or liability for any losses that may arise from a decision that you may make as a result of using the calculator. Minimum account balance of RM1,000 is required in order to be eligible for Savings Profit. Savings Profit capped at RM500 per quarter, while e-Xtra Profit and Bonus Profit are capped at RM30 per month.
MORE INFORMATION
Personal Account / Joint Account
Muslim and non-Muslim individuals, aged 18 years and above.
Member of PIDM. Protected by PIDM up to RM250,000 for each depositor.
(effective 15/11/2022)
Savings Profit
| Minimum Single Deposit Mechanism |
Profit Rate (p.a.) |
|---|---|
| Minimum single deposit of RM2,000 for three (3) consecutive months, subject to end of day account balance of RM1,000 to RM100,000. |
2.05% |
Savings Profit is calculated daily and is credited quarterly on the first day of the month following each Quarter.
e-Xtra Profit
| Eligible Bill Payment Mechanism |
Profit Rate (p.a.) |
|---|---|
| Minimum cumulative payment in Eligible Bill Payments of RM500 per month, subject to monthly maximum e-Xtra Profit of RM30. |
0.50% |
e-Xtra Profit is calculated at month end and is credited on the first day of the following month.
Debit Card-i Bonus Profit
| Eligible Bill Payment Mechanism |
Profit Rate (p.a.) |
|---|---|
Minimum cumulative spending in Eligible Transactions of RM500 per month, subject to monthly maximum Debit Card-i Bonus Profit of RM30. |
0.50% |
Debit Card-i Bonus Profit is calculated at month end and is credited on the first day of the following month.
Share Trading Bonus Profit
| Total Monthly Traded Amount (“MTA”) |
Profit Rate (p.a.) |
|---|---|
Up to RM20,000 |
0.30% |
| Up to RM30,000 |
0.50% |
| Up to RM100,000 |
0.70% |
| Above RM100,000 |
0.90% |
For purchase transaction: MTA = (Number of unit x Purchase price) + Transaction Costs
For sales transaction: MTA = (Number of unit x Selling price) - Transaction Costs
Share Trading Bonus Profit is calculated at month end and is credited on the first day of the following month.
Share Trading Bonus Profit*
Earn Share Trading Bonus Profit up to 0.9% p.a. on your trading transactions.
* Note: Only applicable for Pay&Save Account-i accountholders with a HLeBroking trading account.
Investment Tools and Materials
Complimentary access to HLeBroking Mobile Trading, trading tools and market research materials.
HLeBroking Trading Account
Apply for a HLeBroking trading account with ease on HLB Connect.
Only for single accountholder
Joint accountholders of Pay&Save Account-i are not allowed to enable the Multi-Currency Feature (“MCF”).
Deposit up to Twelve (12) foreign currency accounts in your Pay&Save Account-i
Place your deposit online via HLB Connect in the following currencies:
Australian Dollar (“AUD”) |
New Zealand Dollar ("NZD") |
Chinese Renminbi ("CNH") |
Saudi Arabian Riyal ("SAR") |
Euro ("EUR") |
Singapore Dollar ("SGD") |
Pound Sterling ("GBP") |
Thai Baht ("THB") |
Hong Kong Dollar ("HKD") |
US Dollar ("USD") |
Japanese Yen ("JPY") |
Canadian Dollar (CAD) |
Pay and spend in foreign currencies using Debit Card-i linked to your Pay&Save Account-i
Pay and spend directly from your foreign currency account without having to worry about the transaction’s exchange rate.
Kindly be Reminded
The operations, sources and uses of funds to and from the MCF Enabled Account shall be governed in accordance to the Investment Foreign Currency Asset (“IFCA”) under the Foreign Exchange Notices, regulations and directions issued by Bank Negara Malaysia (“BNM”) from time to time and its amendments thereto from time to time.
