Best Fixed Deposit Rates in Malaysia — July 2026
🇲🇾 Baca dalam Bahasa Malaysia →Compare FD rates from Malaysia's top banks and find the highest interest rate for your tenor and amount.
Sourced from banks' official rate pages · indicative, verify before you transact · How we verify rates →
📝 Recent fixed deposit rate changes
As of 20 Jul 2026, 4:05 PM MYT
- UOB renewed its 4.30% promo — 6-month, new-to-bank Wealth/Privilege clients, min RM100,000, running again through 31 July.
- Alliance still leads at 4.38% (Sri Petaling branch only, new-to-bank required) — unchanged since early June.
- RHB rose to 3.65%, but the minimum deposit jumped from RM1,000 to RM5,000.
- AmBank ticked up to 3.70%, now on a 12-month tenure (was 10-month).
We've only tracked verified rates since 6 June, so no long-term trend call yet — check each offer's conditions before you commit.
📊 The Rates.my FD Rate Index — every bank's best rate averaged, versus what savers with under RM20k can actually get.
| Bank | Campaign | Tenure | Rate p.a. | Min Dep. | Valid Until | |
|---|---|---|---|---|---|---|
🏆 | Sri Petaling Branch Opening TD-i Sri Petaling branch only — new-to-bank or new CASA-i required. The 4.38% tier needs Privilege Banking (RM300,000 NIA AUM) or Alliance Personal (RM100,000) segment status; Mass Market customers get 3.98% p.a. Fresh funds only (transferred in within 7 calendar days before placement), min RM10,000, max RM500,000 per customer. Campaign 20 Apr–31 Oct 2026. PromoIslamicNew $ ★★★★★★★★★★Details & reviews › | 6 Months | 4.38% | RM10,000 | 31 Oct 2026 | Apply |
UOB Fixed Deposit Plus (Wealth/Privilege) 4.30% p.a. on a 6-month Fixed Deposit Plus, exclusively for new-to-bank customers who join UOB Wealth Banking or Privilege Banking (needs a Privilege Account or Wealth Premium Account). Min RM100,000, max RM500,000 per customer. Promotion period ends 31 Jul 2026, but placements are accepted up to one week after — i.e. by 7 Aug 2026 — or until the RM250 million fund-size limit is reached, whichever is first. Also needs the minimum qualifying AUM (RM500,000 Privilege / RM150,000 Wealth) plus a RM10,000 CASA balance. PIDM-protected up to RM250,000 per depositor. PromoNew $ ★★★★★★★★★★Details & reviews › | 6 Months | 4.30% | RM100,000 | 31 Jul 2026 | Apply | |
HSBC Premier Time Deposit (Q3 2026) New-to-HSBC Premier / Premier Elite · 6-month TD/-i · RM50,000 fresh funds · valid 1 Jul–30 Sep 2026. Becoming HSBC Premier needs a RM300,000 Total Relationship Balance (deposits + investments) or a home loan of RM1 million or more; Premier Elite (RM3 million) is by invitation. Bundle rates reach 7.88% (wealth) / 9.88% (bancassurance) p.a. for 3M with a qualifying investment or insurance purchase. PromoNew $ ★★★★★★★★★★Details & reviews › | 6 Months | 4.28% | RM50,000 | 30 Sep 2026 | Apply | |
Bank Muamalat TIA-i Campaign 2026 Up to 4.00% p.a. expected profit on a 6- or 12-month Term Investment Account-i, min RM5,000, fresh funds only. Campaign period 1 Jul–30 Sep 2026. Headline rate confirmed via Bank Muamalat's official X/Instagram/Facebook posts ("up to 4.00% p.a."); the 6M-vs-12M tier split is not published — treat 4.00% as the ceiling, not a guaranteed rate for both tenures. TIA-i is an investment account, NOT a deposit — returns are expected/indicative, not guaranteed, and it is NOT PIDM-protected. PromoIslamicNew $ ★★★★★★★★★★Details & reviews › | 6, 12 Months | 4.00% | RM5,000 | 30 Sep 2026 | Apply | |
Alliance Privilege / Personal Term Deposit-i Campaign 1 Jul–30 Sep 2026: 3.85% p.a. on a 6-month Alliance Term Deposit-i, min RM10,000. Open to new-to-bank and existing-to-bank customers, but only as a primary NEW Alliance Privilege or Alliance Personal customer — customers already in those segments do not qualify. Pure placement (tier-gated, not bundled) and PIDM-protected up to RM250k. PromoIslamic ★★★★★★★★★★Details & reviews › | 6 Months | 3.85% | RM10,000 | 30 Sep 2026 | Apply | |
MBSB TIA-i / TD-i (RM100k tier) Campaign 1–31 Jul 2026. The 12-month Term Investment Account-i (TIA-i) pays 3.83% p.a. at RM100,000 min — note TIA-i is NOT PIDM-protected. The 12-month Term Deposit-i (TD-i, PIDM-protected to RM250k) pays 3.80% at RM100,000, or 3.83% with an additional RM10,000 earmarked under the SBMB 5.0 roadshow. Fresh or rollover funds; new & existing individual customers. PromoIslamic ★★★★★★★★★★Details & reviews › | 12 Months | 3.83% | RM100,000 | 31 Jul 2026 | Apply | |
PB RCB Special Fixed Deposit / Term Deposit-i Red Carpet Banking clients only. RCB Gold / RCB Elite: 3.45%/3.45% (3M) · 3.50%/3.50% (6M) · 3.55%/3.55% (9M) · 3.70%/3.75% (12M) · 3.75%/3.80% (15M). RCB Gold needs RM300,000 in net assets, RCB Elite RM1,000,000. Min RM10,000 per placement, max RM10m per product; fresh funds; no partial withdrawal. Campaign 1 Jul–30 Sep 2026. Beats the public PB Special FD at the 12M and 15M tenures. PromoNew $ ★★★★★★★★★★Details & reviews › | 3–15 Months | 3.80% | RM10,000 | 30 Sep 2026 | Apply | |
RHB Commodity Murabahah Deposit-i Promotion 3.60% (6M) · 3.70% (7M) · 3.80% (9M) · 3.65% (12M) — min RM5,000 all tiers. Organised by RHB Islamic Bank Berhad; covers CMD-i (over the counter) and e-CMD-i (RHB Online Banking) only, not conventional FD. 6M & 12M run 1–31 Jul 2026; 7M & 9M run 6–31 Jul 2026 — both legs may close earlier on reaching the campaign target. Over the counter needs new funds (not from an existing RHB CASA/-i); online accepts FPX from another bank OR a transfer from an existing RHB CASA/-i. PIDM-protected up to RM250,000 per depositor. PromoIslamic ★★★★★★★★★★Details & reviews › | 6, 7, 9, 12 Months | 3.80% | RM5,000 | 31 Jul 2026 | Apply | |
MBSB TD-i / TIA-i Campaign Campaign 1–31 Jul 2026 (T&C eff 1 Jul 2026): 3.73% (6M) · 3.75% (12M) at RM1,000 min, on both Term Deposit-i (PIDM-protected) and Term Investment Account-i. Higher 12-month tiers need RM100,000 — see the RM100k listing. Fresh or rollover funds; open to new & existing individual customers. PromoIslamic ★★★★★★★★★★Details & reviews › | 6, 12 Months | 3.75% | RM1,000 | 31 Jul 2026 | Apply | |
OCBC Fixed Deposit-i Promo Campaign 15 Jun–31 Aug 2026: 3.70% (6M) · 3.75% (12M), min RM10,000, max RM300,000. Fresh funds from another licensed Malaysian financial institution within 7 days; balances must grow from the 31 May 2026 level and be maintained. Standalone FD-i — no wealth or insurance purchase required. PromoIslamicNew $ ★★★★★★★★★★Details & reviews › | 6, 12 Months | 3.75% | RM10,000 | 31 Aug 2026 | Apply | |
AmBank AmOnline eFD Campaign 10 Jul–31 Aug 2026: reward code HOT12 (12M, 3.70%) or HOT3 (3M, 3.45%) on AmOnline · FPX or existing AmBank/AmBank Islamic funds PromoOnline ★★★★★★★★★★Details & reviews › | 3, 12 Months | 3.70% | RM1,000 | 31 Aug 2026 | Apply | |
HLB eFD Tactical Promo (7-month) Limited-time 7-month rate of 3.70% p.a. on eFixed Deposit / eFixed Deposit-i, 17–30 Jul 2026. New funds only, placed via FPX on HLB Connect. Runs concurrently with (and beats) HLB's month-long eFD promo. Conventional FD is PIDM-protected up to RM250k. PromoOnlineNew $ ★★★★★★★★★★Details & reviews › | 7 Months | 3.70% | RM1,000 | 30 Jul 2026 | Apply | |
Public Bank PB Special Fixed Deposit 3.40% (3M) · 3.45% (6M) · 3.50% (9M) · 3.65% (12M) · 3.70% (15M) — PB Special Fixed Deposit Campaign on PLUS Fixed Deposit, placed over the counter at any Public Bank branch (fresh funds, transferred in within 7 days). Min RM5,000, max RM10m per participant. Campaign 1 Jul–30 Sep 2026. PromoNew $ ★★★★★★★★★★Details & reviews › | 3–15 Months | 3.70% | RM5,000 | 30 Sep 2026 | Apply | |
CIMB TIA-i July 2026 Campaign Term Investment Account-i (TIA-i) indicative profit rates — 3.50% (3M) · 3.65% (8M) · 3.70% (12M), min RM1,000, campaign 1 Jul–3 Aug 2026. TIA-i is NOT PIDM-protected (it is an investment account, not a deposit) and returns are indicative, not guaranteed. PromoIslamic ★★★★★★★★★★Details & reviews › | 3, 8, 12 Months | 3.70% | RM1,000 | 3 Aug 2026 | Apply | |
Maybank eIFD-i Merdeka Campaign 3.40% (3M) · 3.60% (6M) · 3.65% (12M) — e-Islamic Fixed Deposit-i placed via Maybank2u web using FPX transfer from another bank. Merdeka FY2026 campaign 1 Jul – 31 Aug 2026 or until FPX limits reached; rates subject to OPR changes. PromoIslamicOnline ★★★★★★★★★★Details & reviews › | 3, 6, 12 Months | 3.65% | RM1,000 | 31 Aug 2026 | Apply | |
SC Fixed Deposit Promo 3.60% p.a. (12M) for new-to-Priority Banking clients or existing AUM holders, on fresh funds, maintaining a minimum RM200,000 Wealth AUM for the campaign. Max RM1,000,000 per placement. Up to 3.75% for new-to-Priority Private clients or with a wealth product purchase of at least RM200,000 investment/APE. Standard Chartered Priority Banking needs RM350,000 AUM (deposits + investments); Priority Private needs RM3 million. PromoNew $ ★★★★★★★★★★Details & reviews › | 12 Months | 3.60% | RM60,000 | 30 Sep 2026 | Apply | |
CIMB eFD-i July 2026 Campaign July 2026 cycle (1 Jul–3 Aug): 3.40% (3M) · 3.60% (7M) — placed via CIMB OCTO app, CIMB Clicks or FPX. Rate reverts to board rate after one cycle. PromoOnline ★★★★★★★★★★Details & reviews › | 3, 7 Months | 3.60% | RM1,000 | 3 Aug 2026 | Apply | |
HLB eFD Month-Long Promo July 2026 (1–30 Jul): 3.40% (3M) · 3.55% (6M) · 3.50% (12M) — new funds only via FPX on HLB Connect. Monthly rolling promo. PromoOnlineNew $ ★★★★★★★★★★Details & reviews › | 6, 12 Months | 3.55% | RM1,000 | 30 Jul 2026 | Apply | |
GXBank Bonus Pocket Digital bank — 3.18% (3M) · 3.55% (6M). Bonus interest is forfeited on early withdrawal, though the 2.00% p.a. base interest already credited is retained. App-only. Max RM12,500 per Bonus Pocket, up to 4 pockets (RM50,000 aggregate). Online ★★★★★★★★★★Details & reviews › | 3, 6 Months | 3.55% | RM1 | 31 Dec 2026 | Apply | |
Agrobank Term Deposit-i (FRIA-i) Islamic ★★★★★★★★★★Details & reviews › | 12 Months | 2.50% | RM500 | 31 Dec 2026 | Apply | |
BSN Fixed Deposit Lowest minimum deposit — RM500 only ★★★★★★★★★★Details & reviews › | 12 Months | 2.45% | RM500 | 31 Dec 2026 | Apply | |
| Bank Rakyat Term Deposit-i Standard board rate: 6-month 2.25% p.a. · 12-month 2.40% p.a. Minimum RM500 (RM5,000 for the 1-month tenure). Islamic ★★★★★★★★★★Details & reviews › | 6, 12 Months | 2.40% | RM500 | 31 Dec 2026 | Apply |
UOB Fixed Deposit Standard board rate (eff 19 Jul 2026): 2.05% (1M) · 2.10% (2M) · 2.15% (3–5M) · 2.20% (6–12M); Islamic FD-i pays the same. Min RM5,000 for 1-month tenure, RM500 for 2 months+. UOB's promotional FD Plus pays 4.30% p.a. (6M) for new Wealth/Privilege Banking clients — see separate listing. ★★★★★★★★★★Details & reviews › | 1–12 Months | 2.20% | RM500 | 31 Dec 2026 | Apply | |
Bank Muamalat Term Deposit-i Islamic ★★★★★★★★★★Details & reviews › | 12 Months | 2.10% | RM1,000 | 31 Dec 2026 | Apply | |
OCBC Fixed Deposit Standard retail rate — OCBC focuses on Premier Banking clients for higher rates ★★★★★★★★★★Details & reviews › | 12 Months | 2.10% | RM1,000 | 31 Dec 2026 | Apply | |
HSBC Time Deposit (13–60 months) Standard board rate (non-promotional) for 13–60 month tenures. Minimum RM1,000. ★★★★★★★★★★Details & reviews › | 24, 36, 60 Months | 2.05% | RM1,000 | 31 Dec 2026 | Apply | |
HSBC Time Deposit Standard board rate (non-promotional): 1.85% (1M) · 1.90% (2M) · 1.95% (3–5M) · 2.00% (6–12M). Minimum RM5,000 for 1-month tenure, RM1,000 for 2 months and above. No fresh-funds requirement. ★★★★★★★★★★Details & reviews › | 6, 12 Months | 2.00% | RM1,000 | 31 Dec 2026 | Apply | |
| Bank Islam Term Deposit-i (Tawarruq) Standard board rate (eff 1–31 Jul 2026): 1.80% (1M) · 1.95% (3M) · 2.00% (6M) · 2.00% (9M) · 2.00% (12M). Minimum RM1,000 for the 1-month tenure, RM500 for 2 months and above. Islamic ★★★★★★★★★★Details & reviews › | 6, 12 Months | 2.00% | RM500 | 31 Dec 2026 | Apply |
Fixed deposit rates by bank
Fixed Deposit Rates Malaysia 2026 — Complete Guide
What is a Fixed Deposit?
A fixed deposit (FD) or term deposit is where you lock a lump sum with a bank for a fixed period at a guaranteed interest rate. In Malaysia, tenors range from 1 month to 60 months.
Islamic FD vs Conventional
Islamic FDs (General Investment Account / GIA-i) operate under Shariah law using the Mudharabah or Wakalah concept. Profit rates are comparable to conventional FD rates.
Promotional vs Standard Rates
Banks run promotions (especially around Raya, CNY, Merdeka) with rates 0.5–1% higher than standard. These are often online-only and require new funds.
Is my FD safe?
Yes. All licensed banks in Malaysia are covered by PIDM (Perbadanan Insurans Deposit Malaysia) which protects deposits up to RM250,000 per depositor per bank.
Need flexibility instead of a lock-in? Compare e-wallet & digital bank rates (TNG GO+, GXBank, KDI Save) — they earn daily and let you withdraw anytime.
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Fixed Deposit FAQ
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 20 Jul 2026, 4:05 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 AmBank's AmOnline eFD at 3.70% with no relationship requirement, running through 31 August 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.