Malaysia best fixed deposit rates [April 2025]
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With Malaysia’s Overnight Policy Rate (OPR) holding steady at 3.00% in early 2025, fixed deposits remain a go-to option for those seeking stable, higher-yield savings. Banks continue to offer a range of competitive rates, catering to both short-term savers and long-term investors.
Best Malaysia Fixed Deposit Promotions Apr 2025
Kicking off our guide, we spotlight the standout fixed deposit promotions of the season that you won't want to miss. These special offers not only provide rates that soar above the average but typically require a higher minimum deposit.
| Bank | Min deposit | Tenure | Interest Rate | Promo Until |
|---|---|---|---|---|
| Alliance Personal Welcome Offer | RM10,000 (max RM100,000) | 6 months | 3.90% | 30 Sep 2025 |
| Hong Leong eFD/ eFD-i placements | RM1,000 | 3 , 6, 12 months | 3.60% - 3.70% | 31 May 2025 |
| MBSB Prime Deposit Account SME Campaign | RM 10,000 | 6, 12 months | 3.80% - 4.00% | 26 Aug 2025 |
| MBSB (Eid-Ting Sweet Returns With TD-i) | RM 1,000 | 3, 6, 12 months | 3.65% - 4.00% | 30 Jun 2025 |
| MBSB (TIA i-campaign) | RM 1,000 | 3, 6, 12 months | 3.70% - 4.10% | 30 Jun 2025 |
| CIMB eFD-i | RM 1,000 | 4, 10 months | 3.70% - 3.75% | 29 Apr 2025 |
| AmBank eFD eTD-i (fresh funds) | RM 1,000 | 6,12 months | 3.75% - 3.85% | 8 May 2025 |
| AmBank (FD/TD-i & AmStar CA/-i Bundle Promotion) | RM 200,000 | 6 months | 6.88% | 11 May 2025 |
| Public Bank (FD/TD-i Campaign – PowerInvest Fixed Deposit Campaign) UT / Insurance / Takaful :PLUS FD / TD-i Ratio(2 : 1) | RM 10,000 | 3, 8 months | 3.86% - 4.55% | 30 Jun 2025 |
| RM 300,000 | 3, 8 months | 4.15% - 5.35% | 30 Jun 2025 | |
| Public Bank (FD/TD-i Campaign – PowerInvest Fixed Deposit Campaign) UT / Insurance / Takaful :PLUS FD / TD-i Ratio(5 : 1) | RM 10,000 | 3, 8 months | 5.50% - 8.95% | 30 Jun 2025 |
| RM 300,000 | 3, 8 months | 7.00% - 12.95% | 30 Jun 2025 | |
| Maybank e-IFD-i | RM 1,000 | 3, 6 months | 3.65% - 3.75% | 15 Apr 2025 |
| Affin Bank eFD/eTD-i | RM 10,000 | 3, 6, 9, 10, 12 months | 3.4% - 3.65% | 30 Apr 2025 |
| Affin Bank UT + FD/TD-i / ASNB VP + FD/TD-i (Wealth Deposit Campaign) | RM 10,000 | 1, 3, 6 months | 5.38% - 12.38% | 30 Jun 2025 |
| Bank Simpanan Nasional ( Term Deposit-i with BSN SSP bundle campaign) | RM5,000 | 6 months | 5.5% | 30 Jun 2025 |
| HSBC Bank (EGA/-i) – requires HSBC customers to have an Everyday Global Account | RM 50,000 | 6 months | 4.00% (HSBC premier); 4.28% (HSBC premier elite) | 30 Jun 2025 |
| Standard Chartered (Fixed Deposit / Term Deposit-i campaign) | RM 30,000 | 12 months | 3.80% | 30 Jun 2025 |
| OCBC Raya Fixed Deposit-i Promo | RM 1,000 | 6 months | 3.70% | 30 Apr 2025 |
| RHB (Term Deposit) | RM 50,000 | 3 months | 3.90% | 30 Jun 2025 |
| RHB (Term Deposit & e‑Term Deposit) | RM 5,000 | 12 months | 3.70% | 30 Apr 2025 |
| RHB (Term Deposit & e‑Term Deposit) - RHB Premier | RM 20,000 | 12 months | 3.80% | 30 Apr 2025 |
Best Malaysia Fixed Deposit Apr 2025
Let's look into the most popular fixed deposit tenures and the attractive rates offered by various banks in Malaysia. These fixed deposits are favored for their safety and predictable returns, providing savers with options ranging from as short as 1 month to as long as 12 months.
Best 1-month Fixed Deposit Rates in Malaysia
| Bank Name | Product Name | Minimum Deposit | Rates per annum |
|---|---|---|---|
| Maybank | Maybank eFixed Deposit Account | RM5,000 | 2.20% |
| CIMB | CIMB Fixed Deposit | RM5,000 | 2.30% |
| Public Bank | Public Bank eFixed Deposit | RM1,000 | 2.10% |
| Bank Simpanan Nasional | BSN Term Deposit | RM500 | 2.50% |
| MBSB Bank | MBSB Term Deposit-i | RM500 | 2.30% |
| Bank of China | Bank of China Fixed Deposit Account | RM1,000 | 2.80% |
| Agrobank | Agrobank Fixed Return Investment Account-i | RM5,000 | 2.75% |
| India International Bank | India International Bank Fixed Deposit | RM5,000 | 2.70% |
| Al Rajhi Bank | Al Rajhi Term Deposit-i | RM1,000 | 2.65% |
| Bank Rakyat | Bank Rakyat Term Deposit Account-i | RM5,000 | 2.50% |
| Bank Muamalat | Bank Muamalat Fixed Term Account-i | RM5,000 | 2.30% |
| Hong Leong Bank | HLB Fixed Deposit Account | RM 5,000 | 2.15% |
| RHB Bank | RHB Ordinary Fixed Deposit | RM 5,000 | 2.10% |
| Ambank | Ambank Conventional Fixed Deposit | RM 5,000 | 2.00% |
| AFFIN Bank | AFFIN Fixed Deposit (FD) | RM 5,000 | 1.50% |
| Alliance Bank | Alliance Bank Fixed Deposit | RM 500 | 2.45% |
Best 3-month Fixed Deposit Rates in Malaysia
| Bank Name | Product Name | Minimum Deposit | Rates per annum |
|---|---|---|---|
| Maybank | Maybank eFixed Deposit Account | RM1,000 | 2.35% |
| CIMB | CIMB Fixed Deposit | RM1,000 | 2.45% |
| Public Bank | Public Bank eFixed Deposit | RM1,000 | 2.45% |
| MBSB Bank | MBSB Term Deposit-i | RM 500 | 2.45% |
| Bank Rakyat | Bank Rakyat Term Deposit Account-i | RM500 | 2.60% |
| Bank Simpanan Nasional | BSN Term Deposit | RM500 | 2.65% |
| Bank of China | Bank of China Fixed Deposit Account | RM1,000 | 2.90% |
| Bank Muamalat | Bank Muamalat Fixed Term Account-i | RM1,000 | 2.45% |
| Agrobank | Agrobank Fixed Return Investment Account-i | RM1,000 | 3.05% |
| India International Bank | India International Bank Fixed Deposit | RM1,000 | 2.95% |
| Al Rajhi Bank | Al Rajhi Term Deposit-i | RM500 | 2.75% |
| Hong Leong Bank | HLB Fixed Deposit Account | RM 500 | 2.25% |
| RHB Bank | RHB Ordinary Fixed Deposit | RM 500 | 2.45% |
| AmBank | Ambank Conventional Fixed Deposit | RM 500 | 2.30% |
| AFFIN Bank | AFFIN Fixed Deposit (FD) | RM 500 | 2.10% |
| Alliance Bank | Alliance Bank Fixed Deposit | RM 500 | 2.65% |
Best 6-month Fixed Deposit Rates in Malaysia
| Bank Name | Product Name | Minimum Deposit | Rates per annum |
|---|---|---|---|
| Maybank | Maybank eFixed Deposit Account | RM1,000 | 2.45% |
| CIMB | CIMB Fixed Deposit | RM1,000 | 2.50% |
| Public Bank | Public Bank eFixed Deposit | RM1,000 | 2.50% |
| Bank Rakyat | Bank Rakyat Term Deposit Account-i | RM500 | 2.65% |
| MBSB Bank | MBSB Term Deposit-i | RM500 | 2.50% |
| Bank Simpanan Nasional | BSN Term Deposit | RM500 | 2.70% |
| Alliance Bank | Alliance Bank Fixed Deposit | RM500 | 2.75% |
| Affin Bank | Affin Bank Fixed Deposit | RM500 | 2.80% |
| Bank of China | Bank of China Fixed Deposit Account | RM1,000 | 2.95% |
| Agrobank | Agrobank Fixed Return Investment Account-i | RM1,000 | 3.30% |
| India International Bank | India International Bank Fixed Deposit | RM1,000 | 3.05% |
| Al Rajhi Bank | Al Rajhi Term Deposit-i | RM500 | 2.85% |
| Bank Muamalat | Bank Muamalat Fixed Term Account-i | RM 1,000 | 2.5% |
| Hong Leong Bank | HLB Fixed Deposit Account | RM 500 | 2.30% |
| RHB Bank | RHB Ordinary Fixed Deposit | RM 500 | 2.50% |
| AmBank | Ambank Conventional Fixed Deposit | RM 500 | 2.45% |
| AFFIN Bank | AFFIN Fixed Deposit (FD) | RM 500 | 2.30% |
Best 9-month Fixed Deposit Rates in Malaysia
| Bank Name | Product Name | Minimum Deposit | Rates per annum |
|---|---|---|---|
| Maybank | Maybank eFixed Deposit Account | RM1,000 | 2.45% |
| CIMB | CIMB Fixed Deposit | RM1,000 | 2.50% |
| Public Bank | Public Bank eFixed Deposit | RM1,000 | 2.50% |
| MBSB Bank | MBSB Junior Term Deposit-i | RM500 | 2.50% |
| Bank Simpanan Nasional | BSN Term Deposit | RM500 | 2.75% |
| Bank of China | Bank of China Fixed Deposit Account | RM1,000 | 3.00% |
| Alliance Islamic Bank | Alliance Islamic Term Deposit-i | RM500 | 3.05% |
| Al Rajhi Bank | Al Rajhi Term Deposit-i | RM500 | 2.90% |
| Bank Rakyat | Bank Rakyat Term Deposit Account-i | RM500 | 2.70% |
| Agrobank | Agrobank Fixed Return Investment Account-i | RM1,000 | 3.40% |
| India International Bank | India International Bank Fixed Deposit | RM1,000 | 3.05% |
| Bank Muamalat | Bank Muamalat Fixed Term Account-i | RM 1,000 | 2.5% |
| Hong Leong Bank | HLB Fixed Deposit Account | RM 500 | 2.35% |
| RHB Bank | RHB Ordinary Fixed Deposit | RM 500 | 2.50% |
| AmBank | Ambank Conventional Fixed Deposit | RM 500 | 2.45% |
| AFFIN Bank | AFFIN Fixed Deposit (FD) | RM 500 | 2.35% |
| Alliance Bank | Alliance Bank Fixed Deposit | RM 500 | 2.75% |
Best 12-month Fixed Deposit Rates in Malaysia
| Bank Name | Product Name | Minimum Deposit | Rates per annum |
|---|---|---|---|
| Maybank | Maybank Fixed Deposit Account | RM1,000 | 2.45% |
| CIMB | CIMB Fixed Deposit | RM1,000 | 2.50% |
| Public Bank | Public Bank eFixed Deposit | RM1,000 | 2.50% |
| Bank Rakyat | Bank Rakyat Term Deposit Account-i | RM500 | 2.80% |
| MBSB Bank | MBSB Term Deposit-i | RM500 | 2.50% |
| Bank Simpanan Nasional | BSN Term Deposit | RM500 | 2.80% |
| Bank of China | Bank of China Fixed Deposit Account | RM1,000 | 3.00% |
| Agrobank | Agrobank Fixed Return Investment Account-i | RM1,000 | 3.45% |
| India International Bank | India International Bank Fixed Deposit | RM1,000 | 3.10% |
| Al Rajhi Bank | Al Rajhi Term Deposit-i | RM 500 | 2.95% |
| Bank Muamalat | Bank Muamalat Fixed Term Account-i | RM 1,000 | 2.5% |
| Hong Leong Bank | HLB Fixed Deposit Account | RM 500 | 2.35% |
| RHB Bank | RHB Ordinary Fixed Deposit | RM 500 | 2.50% |
| AmBank | Ambank Conventional Fixed Deposit | RM 500 | 2.50% |
| AFFIN Bank | AFFIN Fixed Deposit (FD) | RM 500 | 2.35% |
| Alliance Bank | Alliance Bank Fixed Deposit | RM 500 | 2.80% |
Alternatives to Fixed Deposits
Fixed deposits, while a staple in traditional saving strategies, come with their own set of limitations. Primarily, they require locking in funds for a fixed term, during which access is restricted without incurring penalties.
The interest rates, although stable, may not always keep pace with inflation, potentially diminishing the real value of savings over time.
Given these constraints, many savers and investors are exploring alternative investment instruments that offer flexibility, potentially higher returns, and other benefits that fixed deposits lack.
Cash Management Solutions
Cash management solutions stand out for their high liquidity and the potential for higher yields compared to traditional fixed deposits.
By investing in money market funds, these solutions offer a safe investment avenue with returns that can outpace those of fixed deposits.
The flexibility to withdraw funds without penalties makes them an attractive option for investors seeking both safety and accessibility.
One such option for savvy investors who want more from their idle cash is StashAway Simple. StashAway Simple offers investors a projected rate of 3.6% p.a. without needing to lock up your money and it does not impose minimum or maximum investment.
Flexi Home Loan Account
A flexi home loan account allows for the prepayment of home loans, reducing the interest cost over the loan's tenure. Any excess payments can be withdrawn, providing a unique blend of savings and liquidity.
This option effectively uses the interest-saving mechanism as an indirect investment return, appealing to homeowners looking to reduce their mortgage costs while maintaining access to their funds.
National Education Savings Scheme (SSPN)
The SSPN is tailored for parents and guardians aiming to save for their children's higher education. It offers competitive dividends and is backed by the Malaysian government, ensuring a high level of security.
Contributions to SSPN qualify for tax relief, making it a financially savvy choice for families planning for educational expenses. This scheme highlights the importance of targeted savings with specific long-term goals in mind.
Amanah Saham Nasional Berhad (ASNB)
ASNB funds, particularly appealing to both Bumiputera and Non-bumi investors, offer a range of fixed and variable price funds. These funds have historically provided returns that are competitive, if not superior, to fixed deposits.
The stability of fixed-price funds, combined with the potential for higher dividends, makes ASNB an attractive option for investors looking for more dynamic and potentially rewarding investment opportunities compared to the fixed nature of FDs.
Read more: Difference between ASB, ASM, ASN
Key Considerations When Choosing a Fixed Deposit Account
Beyond the interest rates and promotions, there are key factors to consider when selecting a fixed deposit account. Here are some critical points to bear in mind:
Tenure Options
Different banks offer a variety of fixed deposit tenure options that can range from as short as a week to several years. Assess what length of time aligns with your financial plans and look for banks that offer the flexibility you need.
Minimum Deposit
Each bank will have a minimum deposit requirement for fixed deposit accounts. Ensure that you're comfortable with the amount you must lock in and that it doesn't compromise your short-term financial requirements.
Interest Rates
The interest rate is a pivotal factor in calculating your returns. Keep an eye on both the base rates and any promotional rates, evaluating how these can help grow your savings over time.
Access to Funds
Consider if you may need to access your funds before the fixed term ends. Some banks offer partial withdrawal options, while others may not. Understand the terms and potential penalties for early withdrawal before committing to an account.
Additional Benefits
Many banks offer additional benefits with their fixed deposit accounts, such as insurance coverage, credit card tie-ins, or loyalty program bonuses. These add-ons can significantly enhance the overall value of the fixed deposit and should be taken into account when deciding.
By keeping these considerations at the forefront, you can make a well-informed choice regarding your fixed deposit account selection in Malaysia.
Diversify Your Investments for Better Returns
While fixed deposit accounts offer secure and assured growth, diversification is key to maximizing your financial returns. Consider integrating your fixed deposit strategy with other investment avenues, such as unit trust funds, stocks, or real estate investment trusts (REITs), to create a balanced portfolio that can yield higher returns over the long term.
Financial advisors often recommend the 50/30/20 rule, where 50% of your income goes to necessities, 30% to discretionary spending, and 20% to savings and investments. Within this 20%, a portion can be directed to fixed deposits, with the rest allocated to a mix of other investment vehicles.
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