Fixed Deposit
Rates.my FD Index · Edition 3
Malaysia's Average Top FD Rate Hits 3.64% in November, and the Eligibility Gap Just Halved
Our FD Rate Index recalculates live from the data behind our fixed deposit comparison. In November, the average top rate across 19 banks is 3.64% p.a., up from 3.35% in August — and the gap to what an ordinary saver can access has nearly halved.
What changed since August
- Average top rate climbed to 3.64% p.a., as more banks launched live promotions since August.
- The eligibility gap narrowed to 0.14 points from 0.30 — accessible money now earns almost the top rate.
Every bank's best live rate, ranked
| Bank | Best rate | Min. deposit | Accessible? |
|---|---|---|---|
| HSBC Malaysia | 4.28% | RM50,000 | Needs RM50,000 — or 2.05% under RM20k |
| UOB Bank | 4.10% | RM10,000 | Yes — under RM20k |
| Public Bank | 4.10% | RM10,000 | Yes — under RM20k |
| OCBC Bank | 4.10% | RM10,000 | Yes — under RM20k |
| Alliance Bank | 4.00% | RM10,000 | Yes — under RM20k |
| alrajhi bank Malaysia | 4.00% | RM500 | Yes — under RM20k |
| Bank Muamalat | 4.00% | RM10,000 | Yes — under RM20k |
| MBSB Bank | 4.00% | RM1,000 | Yes — under RM20k |
| Maybank | 3.93% | RM5,000 | Yes — under RM20k |
| Standard Chartered | 3.90% | RM50,000 | Needs RM50,000 — no lower tier tracked |
| RHB Bank | 3.90% | RM1,000 | Yes — under RM20k |
| CIMB Bank | 3.90% | RM1,000 | Yes — under RM20k |
| Hong Leong Bank | 3.88% | RM1,000 | Yes — under RM20k |
| AmBank | 3.85% | RM1,000 | Yes — under RM20k |
| GXBank | 3.80% | RM1 | Yes — under RM20k |
| 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 |
Ranked by each bank's single highest currently-live, PIDM-insured fixed deposit rate. Expired campaigns and Term Investment Account-i products are excluded.
- HSBC's 4.28% needs RM50,000 in its Premier tier — the only top-four rate ordinary savers can't reach.
- Alliance Bank's August chart-topper has expired — Hong Leong, RHB and CIMB now cluster near 3.9%.
What to watch
- 8 Nov 2026AmBank's eFD campaign ends — watch for a renewal or a rate change.
- 12 Nov 2026CIMB's eFD-i cycle ends.
- 16 Nov 2026Hong Leong's eFD/eFD-i cycle ends.
- 30 Nov 2026Maybank, MBSB and RHB's current cycles all end together.
How this Index is built. We take every bank's single highest live, PIDM-insured fixed deposit rate for the Average Top Rate, then repeat the calculation using only products a RM20,000 deposit can unlock, for the Accessible Average. Both recalculate automatically from the same live data behind our FD comparison page — see how we verify rates. As of 3 Nov 2026, 4:41 PM MYT. The August 2026 edition tracked 16 banks; this edition tracks 19.
Sources & further reading
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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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