Silver 40 Plus Account

Silver 40 Plus Account

Earn fixed deposits interest with maturity bonus

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Silver 40 Plus Account offers attractive fixed deposit rates, flexibile tenure options and a 5% maturity bonus on interest earned. Designed to help aged 40 years or older build financial security in their silver years, the Account provides a smart and rewarding way to save.Silver 40 Plus Account offers attractive fixed deposit rates, flexibile tenure options and a 5% maturity bonus on interest earned. Designed to help aged 40 years or older build financial security in their silver years, the Account provides a smart and rewarding way to save. Take control of your financial future and watch your savings grow with Silver 40 Plus Account. Take control of your financial future and watch your savings grow with Silver 40 Plus Account.

Highlights

  • Minimum deposit of above S$50,000
  • Convenient auto-credit of maturity bonus and interest into a linked Premium SAVER Account
  • Easy opening of Premium SAVER Account with S$100 initial deposit

For contactless transactions, customers may use Instruction Form for top-up of the Fixed Deposit, renewal to a different tenure or withdrawal. Click here to find out more.

Eligibility

  • 40 years old and above
  • Singaporeans, Singapore PRs and foreigners
  • NRIC/Work Permit/Employment Pass/Student Pass is required

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

Tenure (Months) Interest Rates1 (% p.a.) Maturity Bonus2 (%) Effective Rate3 (% p.a.)
61.0005.0001.050
81.0005.0001.050
91.0005.0001.050
Notes:
  1. Applicable to depositors aged 40 years old and above. For deposit amount of S$50,001 to S$999,999. No premature withdrawal penalty.
  2. Depositors are entitled the Maturity Bonus on the Fixed Deposit interest earned when they complete the 6‑month, 8‑month, or 9‑month Fixed Deposit term.
  3. Rates are only indicative and subject to change at any time without prior notice.
  4. Terms and Conditions governing deposit accounts.

Calculate Your Interest

S$
months

Computation Results

Interest Rate

1.000% p.a.

Maturity Bonus Rate

5.000%

Effective Rate

1.050% p.a.

Interest on Maturity

S$0.00

Disclaimer:
Results are indicative values only.
Terms and conditions apply.

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

Terms and Conditions governing deposit accounts.

Rules and Regulations applicable to Fixed Deposits placed prior to 20 Sep 2021.

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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with Singpass
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without Singpass
(visit the nearest branch for assistance)

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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.

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

Contact & Support

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