The Asian Banker

Hong Leong Bank launches Mach FD
Jan 09, 2013

Kuala Lumpur, January 7th 2013 - Hot on the heels of its launch last July, Mach by Hong Leong Bank broke new ground again today with the official launch of Mach FD, the first truly flexible online fixed deposit account in Malaysia.

“The key hallmarks of Mach by Hong Leong Bank featuring customised offerings and high tech paperless process have resonated well among our target Gen Y segment since its launch six months ago. That 85 per cent of Mach’s customers to date are of Gen Y tells us that we are making the right connection with them,” said Datuk Yvonne Chia, Group Managing Director of Hong Leong Bank.

“This time, we bring you the Mach FD, a first-of-its-kind fixed deposit product specifically designed with flexibility in mind to cater to the tech savvy Gen Y market. With the Mach FD, customers can manage their account from anywhere via The Mach FD also allows them to make partial withdrawals when the need arises without forfeiting the interest earned to date,” she continued.

Mach FD introduces flexible fixed deposits for Gen Y customers

Available from today onwards, Mach FD can be opened, placed and withdrawn via Hong Leong Connect without the hassle of visiting a physical branch. It is available to all existing Money Box deposit accountholders. Mach FD is linked to a Money Box account and customers will receive monthly e-statements together with their Money Box e-Statement of Accounts.

Customers also have the option of using mixed mode placements, combining cheque deposit and intra-bank transfer of funds from their Money Box deposit account. Mach FD offers attractive interest rates with automatic renewal upon maturity. Plus, it gives accountholders the flexibility to perform partial withdrawals without having to lose out on all interest.

Meanwhile, in conjunction with the launch, customers can enjoy a higher interest rate of up to 4 per cent per annum for new placements with a minimum deposit of RM10,000. Promotion period is from 7 January to 7 March 2013. Product terms and conditions apply.

Mach flagship branch at Sunway Giza presents new face of banking

Mach marked a new milestone with the official opening of the Mach flagship branch at Sunway Giza on the same day.

“We are offering Gen Y customers a banking space with a cosy atmosphere more akin to their favourite café hangout,” Datuk Yvonne Chia added.

The new banking experience facilitates in-depth customer engagement as well by allowing customers to casually browse through Mach’s product offerings via touch screen computers and chat with our Personal Financial Consultants (PFCs) while relaxing on the couches.

The Mach flagship branch also features two uniquely themed consultation rooms named ‘The Dorm’ and ‘The Factory’, for customers that prefer extra privacy. All these allow both the bank and the customer to really understand their financial goals and the most suitable banking products to meet their needs.

For further information, customers can visit any of the Mach branches at Sunway Giza Mall, Mid Valley Megamall, e@Curve, IOI Mall, and Paradigm Mall, or log on to or call the Mach Helpline at 03-6145 8898 (9am – 5pm, Mondays – Fridays).


Re-disseminated by The Asian Banker

Categories: Retail Banking
Keywords: Hong Leong Bank

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