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Fixed Deposit

6-month beats 12-month

Why Does AmBank's New eFD Pay More for 6 Months Than 12?

RaymondRates.my2 min read

AmBank’s new AmOnline eFD cycle pays up to 3.95% a year — but not on the longest tenure. Place for 6 months and you out-earn the 12-month rate, for deposits made 9 to 30 November 2026.

6 months beats 12 — an inverted rate curve

AMBANK EFD — NOVEMBER CYCLE, BOARD VS PROMO RATEone scale, all six bars — the 6-month promo bar is the longest of allBoard rate, 3 months1.65%Promo rate, 3 months (SAVE3)3.70%Board rate, 6 months1.75%Promo rate, 6 months (SAVE6)3.95%Board rate, 12 months1.80%Promo rate, 12 months (SAVE12)3.85%
AmBank's AmOnline eFD, board rate versus promotional rate, one shared scale — SAVE6's bar is the longest of the three promo tiers.
  • The 6-month tier pays more than 12-month — unusual for a fixed deposit, where the longest tenure normally pays most.
  • No 7-month tier this time — October’s cycle had one (BEST7, 3.75%); November swaps it for 6 months instead.
  • Funding stays flexible — fresh FPX transfers or existing AmBank / AmBank Islamic CASA funds both qualify, from RM1,000.
A person checking a banking app on a smartphone at a desk
The reward code — SAVE3, SAVE6 or SAVE12 — has to be entered before the eFD placement goes through.

What you actually earn

See AmBank’s full FD rate table on Rates.my, how this cycle ranks in our FD Rate Index, or the August cycle of this same campaign.

What to watch

  • 30 Nov 2026The campaign closes — the deposit then auto-renews at AmBank’s ordinary board rate, not the promo one.
  • Any OPR moveAmBank’s own terms allow a mid-campaign rate revision if Bank Negara moves the Overnight Policy Rate.
  • At maturityThe promotional rate applies for one placement cycle only — no automatic rollover at 3.95%.
Not financial advice. This is general information based on AmBank (M) Berhad and AmBank Islamic Berhad’s own published AmOnline eFD/eTD-i promotion terms and conditions, as fetched on 9 November 2026. It is not a recommendation to open, place or apply for any account, and Rates.my does not issue price targets or rate forecasts. Confirm current terms with AmBank before applying — campaign rates and the end date can still change.

Sources & further reading

Ready to act on this?

See AmBank's full FD rate table

Keep reading

Fixed DepositAlliance Bank's Sri Petaling FD Promo Is Back at 4.08% - No Wealth Tier Needed This TimeFixed DepositMalaysia's Average Top FD Rate Hits 3.64% in November, and the Eligibility Gap Just HalvedFixed DepositRHB Drops Its 7 & 9-Month FD Promo for a New 3.90% 12-Month Rate

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This article is general information, not personalised financial advice. Rates.my is not a licensed financial adviser — always verify rates with the institution and consider your own circumstances.

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