Features & Benefits
Attractive Interest Rates
Enjoy higher interest on your savings
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Enjoy higher interest on your savings
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Flexible Choice of Tenors
Get started with a choice of tenor from 1 - 24 months
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Get started with a choice of tenor from 1 - 24 months
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Convenient Automatic Renewal
Enjoy the convenience of automatic renewal for your fixed deposit upon maturity, unless you provide us with alternative instructions at least 1 working day before the maturity. Your maturity instructions can be updated online
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Enjoy the convenience of automatic renewal for your fixed deposit upon maturity, unless you provide us with alternative instructions at least 1 working day before the maturity. Your maturity instructions can be updated online
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Instant Online Application
Open a Fixed Deposit account instantly online. Existing FD accountholders can place your Fixed Deposit online in a few clicks via HLB Connect Online Banking
Find out more here
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Open a Fixed Deposit account instantly online. Existing FD accountholders can place your Fixed Deposit online in a few clicks via HLB Connect Online Banking
Find out more here
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Eligibility
- Minimum deposit of as low as S$10,000 (online) or S$100,000 (branch)
- Applicable for individual and non-individual customers, including sole proprietors, partnerships, clubs and associations
- For Singapore citizen, permanent residents and foreigners with valid documentation aged 18 years and above
- Account opening is subject to the Bank's approval
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- Minimum deposit of as low as S$10,000 (online) or S$100,000 (branch)
- Applicable for individual and non-individual customers, including sole proprietors, partnerships, clubs and associations
- For Singapore citizen, permanent residents and foreigners with valid documentation aged 18 years and above
- Account opening is subject to the Bank's approval
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Premature Withdrawals
Effective 2 January 2025, interest is not payable for any premature withdrawals of fixed deposit
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Effective 2 January 2025, interest is not payable for any premature withdrawals of fixed deposit
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| Tenor | Board Rates % (p.a.) |
|---|---|
| 1 MONTH | 0.100000 |
| 3 MONTHS | 0.200000 |
| 6 MONTHS | 0.300000 |
| 12 MONTHS | 0.400000 |
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Make your first online placement with HLB Connect by following the steps below!
Don't have a Fixed Deposit Account yet? Get started by opening an HL Bank iSavings Account online here via Singpass.
Once approved, log in to HLB Connect Online and follow these simple steps to make your first placement:
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Transfer funds into your HL Bank Account using FAST
From the Pay & Transact menu, select New Placement
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Enter your new placement details and click Next
Check and confirm your details and click Submit
A Confirmation Page with transaction status will be shown
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| Fees & Charges Description | Fees / Charges |
|---|---|
Fixed Deposit Placements via:
Inward Remittances (MEPS, Telegraphic Transfer)
|
Free
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Fixed Deposit Withdrawals via:
Cashier's Order
MEPS
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Free for first transaction, S$5 for subsequent transaction S$10
Free for first transaction
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Note: The above fees are subject to review from time to time at the discretion of the Bank.
Terms & Conditions apply.
*Please note that Fixed Deposit placements which are accepted on Saturdays shall be value dated as of the next Business Day and Fixed Deposit withdrawals are unavailable on Saturdays.
Deposit Insurance Scheme ("DI Scheme")
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
