Wednesday, December 3, 2008

HLB partners Amanah Raya on new trust deposit

TheEdge

KUALA LUMPUR: Hong Leong Bank (HLB), the exclusive appointed agent of Amanah Raya Bhd, has launched the Hong Leong Invest Safe II.

Hong Leong Safe II is a trust deposit for customers who make a placement that can potentially enjoy steady growth and enhance yield on their investments, the bank said in a statement ysterday.

“The first product launched with Amanah Raya in 2006 generated positive response from the public. We exceeded RM500 million in sales and our customers have been happy with the returns.

“On a gross basis, customers have been enjoying a steady return of 5% per annum. We’re confident the new product will equally excite our customers as we are targeting to deliver similar returns,” said Moey Tan, chief operating officer for personal financial services.

She said many customers favoured Invest Safe as it offers competitive dividends, compounding interest and the capital is protected.

The Hong Leong Invest Safe II is limited to RM300 million and is only available through HLB. — Bernama

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