Highest FD Interest Rates Malaysia

Many banks in Malaysia offer fixed deposit (FD) accounts with an attractive interest rate that varies with the tenure. You can choose the tenure as per your convenience. Some banks also give you the option where you can negotiate with the institution regarding the terms of the interest you earn. This facility is available for longer terms, such as for a term of 36 months to 60 months.

Here are some of the best FD rates available today, which you can consider while investing.

Malaysia Highest Fixed Deposit Rates – January

The table below includes the interest rates applicable to various bank’s FD accounts as per the update pertaining to the month of January 2019. The FD rates are subject to changes in the Overnight Policy Rate (OPR).

Bank/Scheme Name Tenure (months) Maximum Interest Rate (% p.a.) Minimum Deposit Amount
Bank Rakyat Term Deposit Account-i 60 4.70 RM500
CIMB Unfixed Deposit 60 3.65 RM1,000
HSBC Time Deposit 60 4.15 RM1,000
Maybank Fixed Deposit 60 3.60 RM1,000
CIMB Islamic Fixed Return Income Account-i 60 3.65 RM1,000
BSN Term Deposit Senior Citizen 60 3.60 RM50,000
Bank of China Fixed Deposit 12 3.45 RM1,000
RHB Bank Fixed Deposit 12 3.35 RM500
Standard Chartered Fixed Deposit 12 3.25 RM1,000
UOB Fixed Deposit 12 3.25 RM500

Best Fixed Deposit Rates for a 5-Year Tenure

Bank Name Minimum Deposit Amount Interest Rate for Five Years (% p.a.) Partial Withdrawal Allowed
AmBank Conventional FD RM500 3.40 -
Bank Rakyat RM500 4.45 No
CIMB Unfixed Deposit RM1,000 3.65 Yes
Hong Leong Islamic Bank Fixed Deposit-i RM500 3.10 Yes
Hong Leong Bank Fixed Deposit RM500 3.10 Yes
HSBC Term Deposit RM1,000 4.15 -
Maybank Fixed Deposit Account RM1,000 3.60 No (Premature Withdrawal Allowed)
OCBC Bank MYR Fixed Deposit RM1,000 3.35 No (Premature Withdrawal Allowed)
Public Bank Golden 50 PLUS FD RM10,000 3.45 No (Premature Withdrawal Allowed)

Best Fixed Deposit Rates for a 1-Year Tenure

Bank Name Minimum Deposit Amount Interest Rate for One Year (% p.a.) Partial Withdrawal Allowed
AmBank Conventional FD RM500 3.35 -
Alliance Bank Conventional FD RM500 3.35 No
Bank Rakyat RM500 4.20 No
CIMB Unfixed Deposit RM1,000 3.35 Yes
Citibank Time Deposit RM1,000 2.95 Yes
Hong Leong Islamic Bank Fixed Deposit-i RM500 3.10 Yes
Hong Leong Bank Fixed Deposit RM500 3.10 Yes
HSBC Term Deposit RM1,000 3.15 -
Maybank Fixed Deposit Account RM1,000 3.35 No (Premature Withdrawal Allowed)
OCBC Bank MYR Fixed Deposit RM1,000 3.25 No (Premature Withdrawal Allowed)

Best Fixed Deposit Rates for a 6-Months Term

Bank Name Minimum Deposit Amount Interest Rate for Six Months Partial Withdrawal Allowed
AmBank Conventional FD RM500 3.30 -
Alliance Bank Conventional FD RM500 3.30 No
Bank Rakyat RM500 3.90 No
CIMB Unfixed Deposit RM1,000 3.30 Yes
Citibank Time Deposit RM1,000 2.95 Yes
Hong Leong Islamic Bank Fixed Deposit-i RM500 3.10 Yes
Hong Leong Bank Fixed Deposit RM500 3.10 Yes
HSBC Term Deposit RM1,000 3.10 -
Maybank Fixed Deposit Account RM1,000 3.30 No (Premature Withdrawal Allowed)
OCBC Bank MYR Fixed Deposit RM1,000 3.15 No (Premature Withdrawal Allowed)

Best Fixed Deposit Rates for a 3-Months Term

Bank Name Minimum Deposit Amount Interest Rate for Three Months (% p.a.) Partial Withdrawal Allowed
AmBank Conventional FD RM500 3.20 -
Alliance Bank Conventional FD RM500 3.25 No
Bank Rakyat RM500 3.75 No
CIMB Unfixed Deposit RM1,000 3.25 Yes
Citibank Time Deposit RM1,000 2.90 Yes
Hong Leong Islamic Bank Fixed Deposit-i RM500 3.05 Yes
Hong Leong Bank Fixed Deposit RM500 3.05 Yes
HSBC Term Deposit RM1,000 3.00 -
Maybank Fixed Deposit Account RM1,000 3.20 No (Premature Withdrawal Allowed)
OCBC Bank MYR Fixed Deposit RM1,000 3.00 No (Premature Withdrawal Allowed)

Best Fixed Deposit Rates for a 1-Month Term

Bank Name Minimum Deposit Amount Interest Rate for One Month (% p.a.) Partial Withdrawal Allowed
AmBank Conventional FD RM1,000 3.15 -
Alliance Bank Conventional FD RM5,000 3.20 No
Bank Rakyat RM5,000 3.65 No
CIMB Unfixed Deposit RM5,000 3.20 Yes
Citibank Time Deposit RM5,000 2.90 Yes
Hong Leong Islamic Bank Fixed Deposit-i RM5,000 3.00 Yes
Hong Leong Bank Fixed Deposit RM5,000 3.00 Yes
HSBC Term Deposit RM5,000 2.90 -
Maybank Fixed Deposit Account RM5,000 3.15 No (Premature Withdrawal Allowed)
OCBC Bank MYR Fixed Deposit RM5,000 2.90 No (Premature Withdrawal Allowed)

Best Fixed Deposit Promotion Rates in January

  • AmStar Current Account and FD Bundle Campaign: Place a minimum of RM10,000 in fresh funds in AmStar Current Account for a month to earn high returns on the FD account. You can deposit up to RM200,000 in the AmBank FD Account for a period of 12 months to enjoy an interest rate of 4.40% p.a. If you maintain the balance in your current account for a month, you can get a cashback of RM50. The promotion is valid for over-the-counter placements until 31 March 2019.
  • Earn Returns of 4.35% p.a. with the OCBC FD Account:Deposit a minimum amount of RM10,000 for a period of 12 months in the OCBC Fixed Deposit Account. You can earn high returns with a promotional interest rate of 4.35% p.a. A maximum of RM2 million can be placed in the FD account. The promotion is valid until 31 December 2018.
  • RHB FD and Life Protection Plan Bundle: Sign up for an RHB Life Protection Plan to get an interest rate of 7.88% p.a. on Fixed Deposit. Earn an interest rate of 7.88% p.a. when you place a deposit of up to RM20,000 for 3 months with an annual first year premium of RM5,000 or more. If you choose a longer deposit term of 6 months, you can get 4.88% p.a. by placing a deposit amount of up to RM30,000 with an annual first year premium of RM5,000 or more. The promotion is valid until 31 December 2018.
  • Enjoy Returns of 4.50% p.a. on Standard Chartered Term Deposit-i: Open a Term Deposit-i account between 1 November 2018 and 31 December 2018 and deposit a sum from RM200,000 up to RM500,000 for 12 months to enjoy a promotional rate of 4.50% p.a. You must place a minimum of RM10,000 fresh funds in CASA/CASA-i. If you can place a deposit from RM500,000 up to RM1 million in the Term Deposit-i account for 12 months, then you must place a minimum of RM20,000 fresh funds in your CASA/CASA-i to earn the promotional rate of 4.40% p.a.

Based on your ability to comply with the minimum deposit amount and the tenure to lock-in your money, you can choose the right bank for you. As you read, there may be promotional campaigns that can fetch you with additional profits, which must be utilised within the specified period.

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