Best Fixed Deposit Rates in Malaysia October 2026

The highest FD rate available today is shown in the green "Best Rate Today" banner and at the top of the comparison above — it's updated daily. The leading rate is usually a promotional, often online-only campaign from banks like Public Bank, CIMB, Maybank, HSBC or Alliance, and may require fresh funds and a specific tenure.

As of 22 Oct 2026, 2:40 PM MYT, it's Alliance Bank's Sri Petaling branch promo at 4.38% (see "Recent fixed deposit rate changes" above) — but that one needs a branch visit and a new-to-bank account. For something you can open online instead, HSBC Premier offers 4.28% (needs RM50,000 fresh funds + Premier status), or Hong Leong's eFD at 4.05% (6 months, min RM1,000, online, no relationship requirement, to 12 Oct 2026).

Banks run promotional FD campaigns throughout the year — especially around Chinese New Year, Hari Raya and Merdeka — with rates typically 0.3%–1% above standard board rates. Use the filters above to see current promotions by bank, tenure and minimum deposit; promo rates change often, so check before you lock in.

FD interest = principal × annual rate × (tenure in months ÷ 12). For example, RM10,000 at 3.80% p.a. for 12 months earns about RM380; for 6 months it's roughly RM190. Interest is usually paid at maturity, and a promotional rate applies only to its promo tenure.

It varies by bank and campaign — standard fixed deposits often start from RM1,000, while promotional rates may need RM5,000–RM10,000 or more in fresh funds. The minimum for each offer is listed in the comparison above.

Yes, but early (premature) withdrawal usually means losing some or all of the interest for that period — many banks pay no interest if you break the FD before the term ends, though some allow partial withdrawal in blocks. Your principal is always returned. Check the bank's terms before committing.

Compare across banks rather than just your own, watch for promotional and online-only campaigns, and be ready to move fresh funds since promos often require new money. Splitting across tenures or banks can also help. The comparison above ranks every current rate so you can find the best for your amount and tenure.

Some banks run special fixed deposit campaigns for senior citizens (usually aged 50 or 55 and above) with a small rate premium or a lower minimum deposit. These come and go, so check the comparison above and the bank's current promotions — a general promotional FD is sometimes still the highest overall.

For locked savings, the bank with the highest interest rate is whichever is running the strongest FD promotion — the live leader is shown in the comparison above and changes month to month (recently banks like Alliance, UOB, MBSB, Public Bank and CIMB have topped the table). For flexible savings, high-yield savings accounts and digital banks can beat standard board rates — compare those on our savings account page.