Best Fixed Deposit Rates in Malaysia — April 2026
By money.com.my EditorialLast updated: 13 April 2026
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Fixed deposits are the safest yield-bearing instrument for Malaysian savers — PIDM insures deposits up to RM250,000 per depositor per institution. Rates vary by bank, tenure (1–60 months), and whether you are a new or existing customer. Digital banks and smaller licensed banks consistently offer the highest rates, often 30–80 basis points above major bank offerings. We track live rates and rank by annualised yield for a 12-month benchmark tenure.
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Frequently asked questions
Are fixed deposits in Malaysia safe?+
Yes. Fixed deposits at BNM-licensed member institutions are insured by PIDM (Perbadanan Insurans Deposit Malaysia) up to RM250,000 per depositor per institution. All licensed commercial banks, Islamic banks, and BNM-licensed digital banks are PIDM members.
Which bank offers the highest FD rate in Malaysia?+
Rates change monthly. Digital banks and mid-tier banks typically offer higher promotional rates than the Big-5 banks. Check our live comparison table for current rates.
What is the minimum deposit for an FD in Malaysia?+
Most banks require a minimum of RM500–RM5,000. Some digital banks accept deposits as low as RM1.
Can I withdraw my FD before maturity?+
Yes, but you will typically forfeit accrued interest for the broken period, and some banks charge an early withdrawal penalty. Check the terms before placing the deposit.
Rates and product details verified as of 13 April 2026. Product availability and rates are subject to change — always check with the provider before applying. All data sourced from official bank websites and Bank Negara Malaysia.