Priority Banking Fixed Deposit Promotion

Priority Banking Fixed Deposit Promotion
Terms and Conditions (“T&C”)
PROMOTION PERIOD
1. The Hong Leong Bank Berhad’s (“HLB”) Priority Banking Fixed Deposit Promotion (“the
Promotion”) commences on 12 January 2015 and ends on 8 February 2015, both dates inclusive
or upon reaching the total fixed deposit fund size of Ringgit Malaysia Six Hundred Million
(RM600,000,000), whichever comes first (“Promotion Period”), unless otherwise notified by way of
posting on HLB’s website at www.hlb.com.my (“HLB’s Website”).
ELIGIBILITY
2. The Promotion is applicable to all individuals who are New-To-Bank (“NTB”), Existing and Upgrade
(“Upgrade”) Priority Banking (“PB”) Customers (collectively referred herein as “PB Customers”)
including Malaysian and non-Malaysian Residents, unless notified otherwise.
3. The Promotion is NOT applicable to non-individual customers including Associations, Clubs, Schools,
Societies, Non-profitable Organizations, Sole Proprietors, Partnerships and Professional Practices
duly registered or incorporated in Malaysia.
4. NTB refers to a person without an existing HLB Account and/or HLB PB Account during the
Promotion Period.
5. Upgrade PB Customers refer to existing non-PB customers who are qualified for PB Membership
upon fulfilling the Qualifying Criteria and become a PB Customer during Promotion Period.
6. NTB and Upgrade collectively referred herein as New Priority Banking Customers (“New PB”).
7. PB Membership refers to a total combined Liquid Assets and/or Investment of Ringgit Malaysia Two
Hundred Thousand (RM200,000) or such other amount as may be stipulated by HLB from time to
time (“Qualifying Criteria”).
8. For the purpose herein, the term Qualifying Criteria shall mean all sums standing to the credit of any
Fixed Deposit Account (“FD”), Current Account & Savings Account (“CASA”) and/or Foreign Currency
Account with HLB and the principal amount of investment in any Unit Trust Funds (“UT”), Floating
Rate Negotiable Instrument of Deposit (“FRNID”), Retail Bond, Equity Linked Investment (“ELI”)
and/or Dual Currency Investment (“DCI”) with HLB at any one time. Mortgage Plus Current Account
and Super Easi 123 Flexi Loan are excluded as part of the liquid assets to make up the Qualifying
Criteria.
9. Where there is more than one (1) person applying for the PB Membership, a joint account must be
opened. The joint accountholder whose name appears first in the records of HLB will be the Primary
Accountholder and the other joint accountholder will be the Secondary Account Holder.
10. Only Primary Accountholders are eligible to participate in the Promotion.
PROMOTION MECHANICS
11. The participating CASA for this Promotion are as follows (“Nominated CASA”)
a) Hong Leong One Account
b) Hong Leong Premium Savings Account
c) Hong Leong Basic Savings Account
d) Hong Leong Savings Account
e) Hong Leong Senior Savers Savings Account
f) Hong Leong Basic Current Account
g) Hong Leong Current Account
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h) Hong Leong Pay&Save Account
i) Hong Leong SmartLink Account
12. The Promotion is applicable to all PB Customers who have during the Promotion Period made a
minimum Total Deposit Amount of Ringgit Malaysia Two Hundred and Fifty Thousand
(RM250,000) wherein 80% of the Total Deposit Amount are placed into FD for six (6) months
(“FD Tenure”) and 20% of the Total Deposit Amount are placed into any of the Nominated CASA for
four (4) months (“Earmark Period”) shall be eligible for the following Promotional FD Rates (“Eligible
PB Customers”).
13. The maximum Total Deposit Amount is Ringgit Malaysia Five Million (RM5,000,000) throughout the
Promotion Period. :
Months
(“ FD
Tenure”)
6
Promotional
FD Rates
(p.a.)
Total Deposit
Amount
FD Deposit
Amount
(80%)
CASA Deposit Amount
(Earmark for 4-month)
(20%)
Minimum
RM250,000
RM200,000
RM50,000
Maximum
RM5,000,000
RM4,000,000
RM1,000,000
4.35%
14. For avoidance of doubt, the PB Customers are required to earmark for One hundred and twenty
(120) days for the Hong Leong Premium Savings Account, to enjoy the Promotional FD Rates.
15. The Total Deposit Amount refers to the aggregate of the placement amount for both the FD and
CASA during the Promotion Period.
16. The CASA placement shall be made concurrently with the FD placement during the Promotion
Period. In the event the CASA and/or the FD placement is cancelled, removed (in part or in full) or
released within the Earmark Period or FD Tenure for whatever reasons, the prevailing 6-month
conventional FD board rate shall apply.
17. The Effective Rate of the Promotional FD Rates bundling with CASA varies according to the type of
Nominated CASA and the CASA Deposit Amount.
18. The following illustrates the entitlement of the PB Customers on the Effective Rate where the Hong
Leong One Account and Premium Savings Account are subject to the Earmark Period. Effective Rate
is defined as the effective annual yield of a Total Deposit Amount placed in both the FD and
Nominated CASA.
Hong Leong One Account
Months
(“Tenure”)
Promotional FD
Rates (p.a.)
Total Deposit
Amount
FD Deposit
Amount
(80%)
6
4.35%
RM250,000
RM1,000,000
RM5,000,000
RM200,000
RM800,000
RM4,000,000
One Account
Deposit Amount
(Earmark for 4-month)
(20%)
RM50,000
RM200,000
RM1,000,000
Effective
Rate
(p.a.)
3.86%
3.96%
3.99%
2
Premium Savings Account
Months
(“Tenure”)
Promotional FD
Rates (p.a.)
Total Deposit
Amount
FD Deposit
Amount
(80%)
6
4.35%
RM250,000
RM1,000,000
RM5,000,000
RM200,000
RM800,000
RM4,000,000
Premium
Savings Account
Deposit Amount
(Earmark for 4-month)
(20%)
RM50,000
RM200,000
RM1,000,000
Effective
Rate
(p.a.)
4.09%
19. The Promotion is applicable for New Funds only. “New Funds” is defined as:
a) Cash, interbank GIRO, new funds received via telegraphic transfer from other banks, local
cheque or banker’s cheque issued by other banks and deposited into the existing or newly
opened FD of the Eligible PB Customers;
b) Proceeds arising from the redemption of equity, unit trust funds, bonds and/or Hong Leong Invest
Safe that are re-deposited into any CASA.
20. The following shall not be considered as “New Funds”:
a) Intra bank transfer of funds, i.e. transfer of funds from another HLB account (whether savings,
current, fixed deposit, General Investment Account or Term Deposit-i); and/or
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b) Inter-branch transfer within HLB and HLISB including third (3 ) party account transfer.
21. The Promotional FD interest will be credited into the PB Customers’ Nominated CASA on a
monthly basis. Interest add-on to the FD principal sum is not allowed.
22. Upon maturity of the FD, the Principal FD amount shall be auto-renewed at the prevailing
6-month Conventional FD board rate.
23. In the event the FD is uplifted prior to maturity of the tenure, the following Association of Banks in
Malaysia (“ABM”) rules shall apply:
a) No interest is to be paid on any FD uplifted before the completion of three (3) months.
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b) In the event the FD is uplifted in the fourth (4 ) month onwards, the Eligible PB Customer will
receive 50% of the contracted FD interest earned for the completed months on the principal
amount only.
c) HLB reserves the right to claw back and deduct an amount equivalent to the interest paid in
respect of a FD which is prematurely withdrawn, from the principal FD amount upon withdrawal.
24. Partial withdrawal of FD is not allowed.
25. FD placement and withdrawal must be made at the Eligible PB Customers’ respective home
branches.
EARLY BIRD GIFT
26.
Early
Bird Gift
Gift
Description
Total Deposit
Amount
FD Deposit
Amount
Nominated CASA
Deposit Amount
(Earmark for
4-month)
Units
available
Retail
Price
per unit
48 inch
Samsung
H6800
Curved
TV
Model:
UA48H6800
ARXXM
48’’ Series 6
LED
RM1,000,000
RM800,000
RM200,000
200
RM4,699
27. The first two hundred (200) New PB Customers who participated in the Promotion with minimum
Total Deposit Amount of Ringgit Malaysia One Million (RM1,000,000) whereby 80% of Total Deposit
Amount (RM800,000) are placed into FD and 20% of Total Deposit Amount (RM200,000) are placed
into any Nominated CASA and earmarked for four (4) consecutive months via a single placement
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(“Early Bird Customers”) will be entitled for One (1) unit of 48 inch Samsung H6800 Curved TV
(“Early Bird Gift”).
28. HLB will track the Early Bird Customers automatically at the end of the Promotion Period based
on the FD and CASA transactions posted and reflected in the HLB’s system. No entry form or
registration of participation is required for Early Bird Gift.
29. The Early Bird Gift comes with one (1) remote controller and one (1) TV stand. It is inclusive of two
(2) years standard warranty by Samsung Malaysia Electronics Sdn Bhd (“SME”).
30. The Early Bird Gift is valid on a first-come-first-serve basis, limited to one (1) Early Bird Gift for
each Early Bird Customers throughout the Promotion Period.
31. The Retail Price herein refers to the price quoted by HLB’s merchant and/or supplier at date of the
commencement of the Promotion.
32. The details of the Early Bird Gift for this Promotion are final, conclusive and subject to the stock
availability. Any request by the Early Bird Customers to amend the details of the Early Bird Gift
and/or the availability of stock will not be entertained.
33. HLB shall notify the Early Bird Customers on their entitlement for the Early Bird Gift in writing, by
phone or by posting the Early Bird Customer name list on the HLB’s Website or in any manner
deem fit and appropriate by HLB.
34. If the New PB Customers do not received any notification from HLB by 31 March 2015, the New PB
Customers are deemed NOT the Early Bird Customers of the Promotion.
35. The Early Bird Gift will be delivered by SME and/or SME’s service provider to the Early Bird
Customers within ninety (90) days from the conclusion of the Promotion Period.
36. The Early Bird Customers shall be responsible to notify HLB in writing no later than
30 June 2015 for non-receipt of the Early Bird Gift failing which, the Early Bird Customers shall be
deemed to have had received and accepted the Early Bird Gift from HLB.
37. The Early Bird Gift featured in all printed materials and/or website is for illustration purposes only.
38. Any props, accessories or equipment featured together with the Early Bird Gift in any advertising,
promotional, publicity and pictorial materials are for decorative purposes and shall not form part of the
Early Bird Gift.
39. The Early Bird Gift is given on an “As Is” basis. HLB gives no representation or warranty with
respect to the quality or suitability of the Early Bird Gift. Any complaints or disputes concerning the
Early Bird Gift shall be settled directly between the Early Bird Customers and SME without
recourse to HLB.
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40. The Early Bird Gift is non-transferable to any third (3 ) party and non-exchangeable for up-front
cash, credit, cheque or in kind.
41. HLB will not be responsible for any unclaimed Early Bird Gift after 13 July 2015 or for any delay, lost
or stolen Early Bird Gift in the fulfillment of the Early Bird Gift.
42. In the event the FD placement is uplifted prior to the maturity of the Tenure and/or CASA Deposit
placement is withdrawn during the Earmark Period for any reason whatsoever, HLB shall charge a
penalty fee of Ringgit Malaysia four thousand (RM4,000.00) to the PB Customers. HLB reserved the
right to debit the PB Customer’s Nominated CASA at any time once the FD and or CASA is uplifted
prematurely.
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GENERAL
43. By participating in the Promotion, the Eligible PB Customers:
a) agree to be bound by these terms and conditions herein,;
b) agree that HLB’s decision on all matters relating to the Promotion shall be final and binding on all
Eligible PB Customers and no further correspondence and/or appeal to dispute such decisions
will be entertained;
c) agree to access HLB’s Website at regular time intervals to view the terms and conditions and to
ensure they are kept up-to-date on any change or variation to the terms and conditions;
d) give their consent to and authorize HLB to disclose their names, contact numbers and addresses
to SME and/or SME’s service provider for the purpose of fulfillment of the Early Bird Gift; and
e) give their consent to and authorize HLB to disclose or publish their names, IC number (in masked
form) or photos in media, marketing or advertising materials for the purposes of this Promotion.
44. HLB reserves the right to :
a) decline eligibility of PB Customers to participate in the Promotion for any reason whatsoever as
HLB may, in its absolute discretion deem fit;
b) add, delete or vary the terms and conditions contained herein, either wholly or in part, at its
absolute discretion by way of posting the amended terms and conditions on the HLB’s Website
or in any manner deemed suitable by HLB at any time with twenty-one (21) calendar days’ prior
notice;
c) forfeit the Early Bird Gift and/or the Promotional FD Rates in the event of non-compliance to the
terms and conditions herein; and
d) to substitute any or all of the Early Bird Gift with alternative Gift, product, model or design of
similar value and/or to increase or decrease the total number of Early Bird Gift.
45. Eligible PB Customers who have committed or are suspected of committing any fraudulent, unlawful
or wrongful acts in relation to any of the facilities granted by HLB or have been declared Bankrupt
(pursuant to a petition by either banks or by any third party) or are subject to any bankruptcy
proceedings at any time prior to or during the Promotion Period shall NOT be eligible to participate
in the Promotion and/ or NOT entitled for the Early Bird Gift.
46. Eligible PB Customers are liable and shall personally bear all applicable taxes, government fees or
any other charges that may be levied against them under applicable laws, if any, in relation to
participating in the Promotion and/or receiving the Early Bird Gift.
47. These terms and conditions shall be governed by and construed in accordance with the laws of
Malaysia and Eligible PB Customers agree to submit to the jurisdiction of the Courts of Malaysia.
48. The terms and conditions herein and Terms and Conditions of Accounts are to be read as an entire
agreement and if there is any discrepancy the specific terms and conditions herein shall prevail to the
extent of such discrepancy.
49. In the event of any discrepancy between the terms and conditions and any advertising, promotional,
publicity and other materials relating to or in connection with the Promotion, the final terms and
conditions on the HLB’s Website shall prevail.
Deposit Products are eligible for protection by PIDM.
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