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Group Corporate Affairs
P r e s s R e l e a se
For Immediate Release
Hong Leong Finance Serves Up All-Inclusive Fixed Deposit Promotion Singaporeâs largest finance company offers rates of up to 1.85% p.a.
Singapore, 2 April 2012 â Hong Leong Finance has fired the first salvo in the battle for fixed deposits, by offering an âAll-Inclusive Fixed Deposit Promotionâ. Acknowledging that different customers have different needs, this unique promotion features various tenure periods, offering customers flexibility which is often not associated with fixed deposit accounts. With interest rates of up to 1.85% per annum, customers will enjoy higher premiums when they open a new account or renew an account with Hong Leong Finance. In addition to maximising their returns, customers will also enjoy a tenure that best suits their financial planning needs. The âAll-Inclusive Fixed Deposit Promotionâ features a wide array of tenure with flexible choices from 3, 9, 12, 18, 24 to 36 months. For example, customers who deposit S$200,000 or more, for a period of 12 months to 36 months, will enjoy attractive rates of 1.25% to 1.85% per annum. âOur promotion is designed to benefit everyone. To create more opportunities for all to enjoy the high rates, we have specially put up a broad range of popular deposit tenures to cater to the different customer needs. We welcome every single customer regardless if the deposits are made with fresh funds or not,â said Mr Ian Macdonald, President of Hong Leong Finance. Hong Leong Finance has a distribution network of 28 branches islandwide, the largest network among finance companies here. For the year ended December 2011, Hong Leong Finance reported shareholdersâ funds of S$1.60 billion, deposits of S$7.76 billion and net profit of S$99.8 million. It was named âSingapore Finance Company of the Yearâ in 2011 at the Asian Banking & Finance Retail Banking Awards.
For more information, please contact: Joanne Koh Manager Group Corporate Affairs Hong Leong Group Singapore Tel: 6428 9307 Email: joannekoh@cdl.com.sg
All-Inclusive Fixed Deposit Promotion Interest Rates* (% p.a.) 9-month 12-month 0.75% 0.85% 0.90% 1.20% 1.22% 1.25%
Deposit Amount S$30,000 to < S$100,000 â„ S$100,000 to < S$200,000 S$200,000 and above
3-month 0.70% 0.75% 0.80%
18-month 1.25% 1.30% 1.38%
24month 1.50% 1.55% 1.60%
36month 1.70% 1.75% 1.85%
* Rates are subject to change without prior notice.
Hong Leong Finance was incorporated in 1961 as a Small & Medium Enterprise (SME), Hong Leong Finance (HLF) has evolved to become Singapore's largest finance company with a distribution network of 28 branches. Listed on the Stock Exchange of Singapore in 1974 as the then Singapore Finance Ltd, HLF is the financial services arm of the Hong Leong Group Singapore, offering an extensive suite of financial products and services, spanning from deposits and savings, corporate and consumer loans, government assistance programmes for SMEs to corporate finance and advisory services.
Group Corporate Affairs
P r e s s R e l e a se
For Immediate Release
Hong Leong Finance Serves Up All-Inclusive Fixed Deposit Promotion Singaporeâs largest finance company offers rates of up to 1.85% p.a.
Singapore, 2 April 2012 â Hong Leong Finance has fired the first salvo in the battle for fixed deposits, by offering an âAll-Inclusive Fixed Deposit Promotionâ. Acknowledging that different customers have different needs, this unique promotion features various tenure periods, offering customers flexibility which is often not associated with fixed deposit accounts. With interest rates of up to 1.85% per annum, customers will enjoy higher premiums when they open a new account or renew an account with Hong Leong Finance. In addition to maximising their returns, customers will also enjoy a tenure that best suits their financial planning needs. The âAll-Inclusive Fixed Deposit Promotionâ features a wide array of tenure with flexible choices from 3, 9, 12, 18, 24 to 36 months. For example, customers who deposit S$200,000 or more, for a period of 12 months to 36 months, will enjoy attractive rates of 1.25% to 1.85% per annum. âOur promotion is designed to benefit everyone. To create more opportunities for all to enjoy the high rates, we have specially put up a broad range of popular deposit tenures to cater to the different customer needs. We welcome every single customer regardless if the deposits are made with fresh funds or not,â said Mr Ian Macdonald, President of Hong Leong Finance. Hong Leong Finance has a distribution network of 28 branches islandwide, the largest network among finance companies here. For the year ended December 2011, Hong Leong Finance reported shareholdersâ funds of S$1.60 billion, deposits of S$7.76 billion and net profit of S$99.8 million. It was named âSingapore Finance Company of the Yearâ in 2011 at the Asian Banking & Finance Retail Banking Awards.
For more information, please contact: Joanne Koh Manager Group Corporate Affairs Hong Leong Group Singapore Tel: 6428 9307 Email: joannekoh@cdl.com.sg
All-Inclusive Fixed Deposit Promotion Interest Rates* (% p.a.) 9-month 12-month 0.75% 0.85% 0.90% 1.20% 1.22% 1.25%
Deposit Amount S$30,000 to < S$100,000 â„ S$100,000 to < S$200,000 S$200,000 and above
3-month 0.70% 0.75% 0.80%
18-month 1.25% 1.30% 1.38%
24month 1.50% 1.55% 1.60%
36month 1.70% 1.75% 1.85%
* Rates are subject to change without prior notice.
Hong Leong Finance was incorporated in 1961 as a Small & Medium Enterprise (SME), Hong Leong Finance (HLF) has evolved to become Singapore's largest finance company with a distribution network of 28 branches. Listed on the Stock Exchange of Singapore in 1974 as the then Singapore Finance Ltd, HLF is the financial services arm of the Hong Leong Group Singapore, offering an extensive suite of financial products and services, spanning from deposits and savings, corporate and consumer loans, government assistance programmes for SMEs to corporate finance and advisory services.
This document is © 2012 by Hong Leong Group Singapore - all rights reserved.
