Bank Rakyat Fixed Deposit Rates
Last updated 16 Jul 2026, 10:05 AM MYT · Reviewed by Raymond, Rates.my
Bank Rakyat fixed deposit overview
Bank Rakyat is a co-operative bank in Malaysia. Its best term deposit-i (the Shariah-compliant equivalent of a fixed deposit) rate listed here is 2.40% p.a. on the Bank Rakyat Term Deposit-i, with placements from RM500. The available tenure is 6, 12 Months. Compare each Bank Rakyat FD campaign below, see what you'll need to open one, and read reviews from other depositors.
Bank Rakyat FD campaigns & rates
Opening a Bank Rakyat fixed deposit
Breaking a fixed deposit before maturity usually forfeits some or all of the interest — confirm the terms with Bank Rakyat before you commit.
Bank Rakyat fixed deposit FAQ
Bank Rakyat's highest fixed deposit rate listed here is 2.40% p.a. on the Bank Rakyat Term Deposit-i, for a 6, 12 Months tenure. Rates are indicative — confirm the current rate on the Bank Rakyat website before applying.
The minimum placement starts from RM500.
Yes — Bank Rakyat offers a Term Deposit-i, the Shariah-compliant (non-interest, profit-sharing) equivalent of a conventional fixed deposit.
Your IC (MyKad) or passport, and the deposit amount. Bank Rakyat FDs are typically opened at a branch. Promotional rates usually require fresh funds (money new to the bank).
Rates, tenures and promotions are indicative and time-limited — always confirm current terms with Bank Rakyat before placing a deposit. Not financial advice. Rates.my is an independent comparison site, not affiliated with or endorsed by Bank Rakyat; the bank's name and logo belong to their respective owners. Spotted an error, or need a correction or takedown? Contact Raymond at raymond@rates.my.