Rates.my FD Index · Edition 2
The Rates.my Malaysia FD Rate Index — August 2026
Every bank advertises its best fixed deposit rate — but most of those rates come with a catch: a RM50,000+ minimum, a specific branch, or new-to-bank status. So we calculated two numbers, not one: the headline average, and what a normal saver can actually get.
The eligibility gap: what "best rate" actually means
The average headline rate is 3.48% — but 1of the four highest individual rates are gated behind conditions most savers won't clear: five- or six-figure minimum deposits, new-to-bank status, or wealth-tier relationship balances (full detail on each bank is in the table below). Strip out everything needing more than RM20,000, and the real average an ordinary saver can open falls to 3.33% — a 0.16-point gap between what banks advertise and what most people get.
Not every "FD" rate is a fixed deposit
Some of the highest rates we track don't belong in this Index at all. CIMB's TIA-i and Bank Muamalat's TIA-i campaign both advertise FD-beating numbers — but the banks' own product notes call them Term Investment Accounts, not deposits, so their returns are indicative and not PIDM-covered like a real fixed deposit. Both are excluded from every average and the table below. We'd rather be right than be highest. If a flexible, higher-headline home for spare cash is what you're after, our e-wallet & digital bank rates page ranks those separately — and flags which are PIDM-insured deposits versus money-market funds.
Every bank's best rate, ranked
All 16 banks we track, ranked by their single highest currently-advertised fixed deposit rate (PIDM-insured products only).
| Bank | Best rate | Min. deposit | Accessible? |
|---|---|---|---|
| Alliance Bank | 4.38% | RM10,000 | Yes — under RM20k |
| HSBC Malaysia | 4.28% | RM50,000 | Needs RM50,000 — or 2.05% under RM20k |
| UOB Bank | 4.10% | RM10,000 | Yes — under RM20k |
| Bank Muamalat | 3.83% | RM5,000 | Yes — under RM20k |
| Public Bank | 3.80% | RM10,000 | Yes — under RM20k |
| RHB Bank | 3.80% | RM5,000 | Yes — under RM20k |
| CIMB Bank | 3.75% | RM1,000 | Yes — under RM20k |
| OCBC Bank | 3.75% | RM10,000 | Yes — under RM20k |
| AmBank | 3.70% | RM1,000 | Yes — under RM20k |
| Hong Leong Bank | 3.70% | RM1,000 | Yes — under RM20k |
| GXBank | 3.70% | RM1 | Yes — under RM20k |
| Standard Chartered | 3.60% | RM60,000 | Needs RM60,000 — no lower tier tracked |
| Agrobank | 2.50% | RM500 | Yes — under RM20k |
| BSN | 2.45% | RM500 | Yes — under RM20k |
| Bank Rakyat | 2.40% | RM500 | Yes — under RM20k |
| Bank Islam | 2.00% | RM500 | Yes — under RM20k |
The Rates.my FD Rate Index is refreshed monthly (this is the August 2026 edition) and recalculated live from the same data behind our comparison pages — the numbers above are current as of 7 Sep 2026, 2:39 PM MYT, not a publish-date snapshot. The July edition printed 3.29% / 3.02% — note the two editions aren't perfectly comparable, since this one also tightened the PIDM filter (Bank Muamalat's TIA-i is now excluded) and several July-only campaigns lapsed. See the full live comparison and filter by your own amount and tenure →
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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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