Malaysia Fixed Deposit Rates

In Malaysia fixed interest savings products issued by most banks are most commonly called fixed deposit accounts. However occasionally they may also be called time deposit accounts as well depending on the bank. Across the Asian region some countries call similar bank issued products time deposits (China) or fixed deposits (India).

This product earns you interest at an agreed rate depending on tenure or term which can range from short term to a longer term time frame. Rates can fluctuate depending on various factors including monetary policy by the Portal Rasmi Bank Negara Malaysia (bnm.gov.my). Local deposits are denominated in the national currency, the Malaysian ringgit RM (MYR).

There are many different types account options available including Malaysia Shariah-compliant deposit accounts. These may also be covered and eligible for protection of depositors by PIDM (Perbadanan Insurans Deposit Malaysia).

Best Interest Rates for Fixed Deposit Accounts in Malaysia

Deposit Account Type Term APY Account Details
CIMB Islamic Malaysia 1 Year Profit Sharing Investment Account1 year2.90% The rate is for a 12 month/1 year term and is this return is based on a predetermined profit shar - MYR - Sep, 2014More Info
Maybank 3 Month Fixed Deposit3 month3.20% This FD account is for a 3 month tenure which requires a minimum investment of RM1000 for tenures - MYR - Sep, 2014More Info
Citibank Malaysia 1 Year Time Deposit1 year3.20% The interest rate for this time deposit is for a 12 month / 1 year period.  - MYR - Sep, 2014More Info
RHB 3 Month Fixed Deposit3 month3.20% The RHB FD is a 'ordinary fixed deposit' product which is for a term of 3 months and requires a m - MYR - Sep, 2014More Info
Public Bank 3 Month Fixed Deposit3 month3.20% The interests for this FD account is applicable for a 3 month tenure and requires a minimum depos - MYR - Sep, 2014More Info
HSBC Malaysia 1 Year Time Deposit1 year3.25% The interest rate is for a 12 month / 1 year term with the Minimum deposit amount for deposits of - MYR - Sep, 2014More Info
RHB 6 Month Fixed Deposit6 month3.25% The 'ordinary fixed deposit' product from RHB requires a minimum of RM500 for FD Tenure of 2 mont - MYR - Sep, 2014More Info
Maybank 6 Month Fixed Deposit6 month3.25% The interest rate is applicable for the 6 month FD rate and is eligible for protection by PIDM re - MYR - Sep, 2014More Info
Hong Leong Bank 1 Year Fixed Deposit1 year3.30% Rate is applicable for 12 month fixed period. - MYR - Sep, 2014More Info
Public Bank 6 Month Fixed Deposit6 month3.30% The interest rates are applicable for a 6 month tenure and with FD rates not available to non-res - MYR - Sep, 2014More Info
Maybank 1 Year Fixed Deposit1 year3.30% Rate is applicable for 12 month period with a minimum RM1,000 deposit. - MYR - Sep, 2014More Info
Public Bank 1 Year Fixed Deposit1 year3.35% FD Interest Rates are for a 12 month / 1 year period, please note rates are not applicable to non - MYR - Sep, 2014More Info
AmBank 1 Year Fixed Deposit1 year3.35% The rate indicated is applicable to the 'conventional fixed deposit rates' and the 'AmOnline Rate - MYR - Sep, 2014More Info
CIMB Islamic Malaysia 1 Year Islamic Fixed Deposit1 year3.40% The rate is appliable for a 12 month term for the Islamic Fixed Return Investment Account-i (FRIA - MYR - Sep, 2014More Info
CIMB Bank 1 Year Fixed Deposit1 year3.40% The interest rate for this FD account is for a 12 month tenure for Tier 1. It requires a minimum - MYR - Sep, 2014More Info
RHB 1 Year Fixed Deposit1 year3.45% Interest Rate is applicable for a 12 month / 1 year period, same rate applies for residents and n - MYR - Sep, 2014More Info