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

Available from today onwards, Mach FD can be opened, placed and withdraw 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 up to 4 per cent annum for new placements with a minimum deposit of RM10, 000. Promotion period is from 7 January to 7 March 2013.