According to The Malaysian Reserve, it is stated that only 12% of Malaysians are on the right track for early retirement, whereas 55% of them are unsure how they can achieve financial independence to retire early. 

Start planning your retirement as early as you can.  Set a savings goal, identify how much you need for retirement and look into different ways to diversify your investments. By having a retirement plan, transitioning to retirement life will be easier and you will not need to worry much about your financial situation in the future. 

Savings increases over time when you constantly commit to it. Hong Leong Bank’s Pay&Save Account gives you higher interests and comes with HLB Connect, an e-banking system in Malaysia. When you retire, you can use your savings to travel or pursue hobbies you couldn’t do when you were younger.

One benefit of investing in a retirement savings plan is having backup emergency money for unforeseen events. This is one way you can be more financially secured, in case of any emergencies that could happen during your retirement.

If you have yet to save up for your retirement and are already nearing retirement age, it’s never too late to start with Hong Leong Bank’s Harvest Savings Account!

Exclusively for customers who are 50 years old and above, Harvest Savings Account is a higher interest savings account that rewards you with daily interest on your account balance. Like any other savings account, you can easily access and manage your Harvest Savings Account via HLB Connect Online.

Harvest Savings Account is for individuals aged 50 years old and above. It is also available for individuals on a single or joint-name basis, and the minimum deposit into the account is RM1,000. 

This savings account is also for those who are more health conscious. By opening a Harvest Savings Account, you are able to enjoy the benefits of 0.5% monthly cashback for health care, medical and pharmaceutical needs with your Hong Leong Bank Debit Card; where the maximum cashback received can be up to RM100 a month.

Other than that, by saving with Harvest Savings Account, you will also be able to earn 3.00% p.a. for 1 month during your birthday month via HLB Connect Online. 

No matter which stage you’re at in planning your retirement, Hong Leong Bank has the right savings account to help you achieve your goals.

Apply now for HLB Harvest Savings Account and start your mobile banking journey with HLB Connect Online!