The Rates.my Malaysia FD Rate Index — July 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 3.29% — but three of the four highest individual rates are gated behind conditions most savers won't clear: specific branches, new-to-bank status, or six-figure 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 3.02% — a 0.27-point gap between what banks advertise and what most people get.

Not every "FD" rate is a fixed deposit

Two of the highest rates we found don't actually belong in this Index. CIMB advertises 3.70% on its TIA-i account — but CIMB's own product notes call it an investment account, not a deposit, so it isn't PIDM-covered like a real fixed deposit. MBSB's top tier mixes an insured option with an uninsured one in the same campaign, so we used MBSB's unambiguous, fully-insured 3.75% Term Deposit-i instead. We'd rather be right than be highest.

Every bank's best rate, ranked

All 18 banks we track, ranked by their single highest currently-advertised fixed deposit rate (PIDM-insured products only).

This is the first edition of the Rates.my FD Rate Index, recalculated live from the same data behind our comparison pages — the numbers above are current as of 13 Jul 2026, 3:41 PM MYT, not a publish-date snapshot. We'll revisit periodically as the market moves. See the full live comparison and filter by your own amount and tenure →