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  2. Fixed Deposits & Savings
  3. Savings Account
Savings Account

Savings Account

Achieve your Savings Goals with Ease

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Handy Passbook
Daily Interest Earnings
S$100 Initial Deposit
Start building your future with ease through our Savings Account. Designed to help you achieve your financial goals, it offers daily interest, a handy passbook for easy tracking, and requires only a $100 initial deposit. Save without hassle and enjoy steady growth as you work towards your dreams.

Highlights

  • Track your money at a glance with a passbook
  • No fall-below fee

Eligibility

  • 15 years old and above
  • Singaporeans, Singapore PRs and foreigners

Documents Required (For onboarding)

  • For Singaporeans and Singapore PRs
    • Identity Card
  • For Foreigners
    • Identity Card and Passport (For Malaysian) / Passport (For other Nationalities)
    • Valid Work Permit / S Pass / Employment Pass / Student Pass
    • Proof of local mailing address (within the last 3 months)
      • Local utility bill or
      • Local telecommunication bill or
      • Local bank statement

Interest Rates

Daily Balance Interest Rates (% p.a.)
S$500 to S$49,9990.100%
S$50,000 to S$2,000,0000.150%
Notes:
  1. Rates are only indicative and subject to change at any time without prior notice.

Frequently Asked Questions

The Savings Account offers a convenient passbook to help you easily monitor your funds.

The minimum deposit amount required to open a Savings Account is S$100.

Interest (p.a.)

0.100% p.a. for Daily Balance S$500 to S$49,999

0.150% p.a. for Daily Balance S$50,000 to S$2,000,000

Individuals aged 15 years or above, including Singaporeans, Singapore Permanent Residents (PRs), and foreigners with valid work permits, are eligible to open a Savings Account.

Visit the nearest Hong Leong Finance branch with your NRIC, Work Permit, Employment Pass or Student Pass. Click here to find Branch nearest to you.

Documents Required:

  • NRIC (Singaporeans and Singapore PRs)
  • Passport and Work Permit (Foreigners*)

* Either one of the documents below for proof of local address:

Utility Bill or Telephone Bill or Bank / Credit Card Statements or Rental Agreement

Yes, Savings Account is insured up to S$100,000 by Singapore Deposit Insurance Scheme (SDIC).

An insured deposit under the Deposit Insurance Scheme. Insured up to S$100,000 by SDIC.

Terms and Conditions governing deposit accounts.

3 Easy Steps to use PayNow for Deposits and Loan Payment to HLF

An easy way for Hong Leong Finance’s customers to place deposits and repay loans from the comfort of their home. Deposits are insured up to S$100,000 by SDIC.

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Help & Support

Not a HLF Digital user?

Download and Sign-Up HLF Digital Today

HLF Digital QR Code

Registration is easy
via mobile app

with Singpass
(for Singaporean and Permanent Resident)

without Singpass
(visit the nearest branch for assistance)

Easy and Effortless

Simplify and manage your finances, all at
your fingertips.

Accessible Anytime,
Anywhere, Around the Clock

Avoid queues and branch visits by accessing
services 24/7 from anywhere, providing
convenience and flexibility to fulfill your financial needs
whenever necessary.

Transact Securely

Experience secured and simplified financial
transactions with biometric authentication,
providing seamless and secure access.

Contact & Support

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6579 6777

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