AmBank FD Promotion 2026: 3.70% eFD Rate vs the 1.90% Board Rate — Is the AmOnline-Only Deal Worth It?

AmBank is paying up to 3.70% per annum on a 12-month eFixed Deposit — almost double its own board rate. The catch is the channel: it only works through the AmOnline app or website, not at a branch. The campaign runs until 31 August 2026, giving savers about two weeks left to act.

3.70% online, 1.90% at the counter

• AmOnline app or website only — over-the-counter branch placements don't qualify for the promo rate.
• Fresh FPX funds or existing AmBank CASA balances both qualify — there's no new-money-only requirement.
• Reverts to the board rate on renewal — 3.70% applies for one placement cycle only.

How 3.70% lines up against August's other FD promos

• AmBank's RM1,000 minimum is the lowest entry of the three — Standard Chartered needs RM60,000.
• MBSB's Term Deposit-i pays 0.10 points more, at the same RM1,000 minimum, and is PIDM-protected too.

See AmBank's full FD rate table on Rates.my, or read how another bank's top promo closed 15 days early in Maybank's case.

What to watch

• 31 Aug 2026AmBank's eFD campaign ends — no word yet on a follow-on cycle for September.
• Your maturity dateThe eFD auto-renews at AmBank's prevailing board rate, not the promo one — mark your calendar.
• Any OPR changeAmBank can reprice or end the promo early if Bank Negara moves the Overnight Policy Rate.

Sources & further reading

• AmBank — AmOnline eFD Promotion Terms and Conditions (10 Jul–31 Aug 2026)
• AmBank — eFixed Deposit/eTerm Deposit-i promotion page
• AmBank — Conventional Fixed Deposit board rates (effective 24 Apr 2026)
• Rates.my — AmBank Fixed Deposit Rates & Promotions
• Rates.my — Maybank's FD promo closed 15 days early, what's still open