Best fixed deposit (FD) rates in Malaysia

Compare the major banks' FD promo rates against board rates. FD rates track Bank Negara's OPR — which we show live below.

Live
2.75%  OPR (Overnight Policy Rate)
· as of 2026-05-07 · source: Bank Negara

FD rates below updated July 2026 — promo rates change often, verify on the bank's site.

Promo new funds Board standard rate i Shariah / Islamic
Bank Rate p.a. Tenure Min.
Be U by AmBank TD-i Advance Promo i 3.88% 12 mo RM1,000 Verify →
Alliance Bank Privilege FD Promo 3.85% 12 mo RM10,000
Maybank M-Promo FD Promo up to 3.50% 12 mo RM10,000
CIMB eFD-i Campaign Promo i 3.0–3.5% 3–12 mo RM1,000 Verify →
Hong Leong Bank eFD / eFD-i Promo 3.0–3.5% 12 mo RM1,000 Verify →
RHB Smart / eFD Promo 3.0–3.5% 12 mo RM1,000
Standard Chartered FD / TD-i Promo 3.0–3.5% 12 mo RM10,000 Verify →
Public Bank Board FD Board 2.5–2.85% 12 mo RM5,000

💡 Read the rates smartly

Promo rates usually need fresh funds & a minimum amount. Step-up or CASA-bundled rates that advertise a high headline (e.g. "6%") may only deliver a much lower effective rate (EIR) — work out the true EIR, not the headline.

All deposits are protected by PIDM up to RM250,000 per depositor per bank.

FD too low? See passive-income alternatives →

Frequently asked questions

Are these rates "live" (real-time)?

The OPR is pulled live from Bank Negara's official API. Per-bank FD promo rates have no official API feed, so they're updated manually (as of July 2026). Always verify on the bank's website before placing a deposit.

Why are FD rates getting lower?

FD rates track the OPR. Bank Negara cut the OPR to 2.75% (July 2025), so banks lowered FD rates too. When the OPR rises, FD rates usually follow back up.

FD or ASM / money market fund?

ASM (~5%) usually beats an FD but units are limited; money market funds (Versa/StashAway ~3.3–3.6%) match an FD but with no lock-in. See our passive-income guide.

Sources: Bank Negara OpenAPI (OPR), RinggitPlus, rates.my, & banks' official promo pages.

CariGaji is not affiliated with any bank. Rates are indicative as of July 2026 and can change without notice — verify on the bank's site. Not financial advice.