Bank Negara Holds OPR at 2.75% — Which FD Promos Still Beat It

Bank Negara held the Overnight Policy Rate at 2.75% on 3 September — the seventh straight meeting without a change since July 2025’s cut. Board fixed deposit rates stay put too, but a handful of promo rates still clear the OPR by over a point.

Seventh hold in a row

• Malaysia’s economy grew 5.7% in H1 2026 — BNM cited that resilience for holding rather than cutting further.
• Elevated commodity prices are still pushing up costs, BNM said, even as tech-sector spending cushions the hit.
• A hold doesn’t move board FD rates — those only shift if BNM actually cuts or hikes the OPR itself.

What still beats it

• Alliance Bank’s Sri Petaling branch offer is the highest on our panel — over the counter only, and new money required.
• HSBC’s rate needs new-to-Premier status — a RM300k relationship balance or RM1m+ home loan to qualify.
• CIMB and AmBank’s online promos need no wealth segment — just a fresh-funds placement through the app.

See the full spread of live offers in the Rates.my Malaysia FD Rate Index, or check Alliance Bank’s full FD rate table for the Sri Petaling branch offer’s segment tiers.

What to watch

• 30 Sep 2026The AmBank, CIMB, HSBC Premier and UOB FD Plus offers on this chart all end — look for a fresh cycle before committing new money.
• 31 Oct 2026Alliance Bank’s Sri Petaling branch offer runs longest of the six.
• 5 Nov 2026Bank Negara’s last MPC meeting of 2026 — the next chance for the OPR to actually move.

Sources & further reading

• Bank Negara Malaysia — Monetary Policy Statement, 3 September 2026
• Bank Negara Malaysia — 2026 MPC Meeting Decision Schedule
• The Star — Bank Negara keeps OPR at 2.75%, sees 2026 growth at around 5%
• Free Malaysia Today — Bank Negara maintains OPR at 2.75%
• Rates.my — OPR and your fixed deposit: what Bank Negara’s rate means for your savings
• Rates.my — compare every bank’s current FD rates