Savings and fixed deposits in Malaysia
A fixed deposit locks money for a set term at a set rate; a savings account lets you take it out any time. The highest 12-month board rate we have checked is 2.15% a year at BSN, read from the bank's own page on 3 Nov.
Banks we check
Rates checked 17 Oct to 3 Nov
Highest 12-month board rates we have checked (ties shown together)
% p.a., as printed on each bank's own page.
BSNTerm Deposit. Checked 3 Nov2.15%- CIMCIMB BankFixed Deposit. Checked 3 Nov1.90%
- SCStandard CharteredFixed Deposit (board rates). Checked 3 Nov1.90%
Digital bank savings: everyday rates
What any balance earns with nothing to unlock, % p.a., from each bank's own page.
- BBBoost BankChecked 3 Nov2.50%
- RBRyt BankChecked 17 Oct2.05%
GX BankChecked 3 Nov2.00%
Calculators and tools
- Compound interest calculator →See what a deposit grows to over the term.
- Inflation calculator →Check whether a rate keeps up with prices.
- OPR tracker →The policy rate that deposit rates follow.
Guides
- How Fixed Deposits Work in Malaysia (2026): Board Rates, Campaign Rates and How to ChooseHow fixed deposits work in Malaysia: board rates versus time-limited campaign rates, the new-funds condition, PIDM cover, laddering, and when an FD makes sense against savings accounts, EPF and ASNB.
- How to Choose a Savings Account in Malaysia (2026): Base Rates, Bonus Conditions and PIDMHow savings account interest works in Malaysia: base rates versus bonus rates, the salary-credit, balance and spending conditions behind them, digital banks, PIDM cover, and savings versus FD.
- FD Laddering Strategy: How to Get Better Returns on Your Fixed DepositsHow to use an FD laddering strategy in Malaysia to improve liquidity and average returns — with verified CIMB and Hong Leong board rates, and why campaign rates change the maths.
- Emergency Fund in Malaysia — How Much You Need and Where to Keep ItHow to calculate your emergency fund target, where to park it for easy access and decent returns, and common mistakes Malaysians make with their safety net.
- PIDM Deposit Insurance Malaysia — What's Covered, What's Not, and Why It MattersHow PIDM protects your bank deposits up to RM250,000 per bank. Eligible products, coverage rules for conventional and Islamic deposits, and what to do if you hold more.
- Fixed Deposit vs ASNB — Which Gives Better Returns in Malaysia?Compare FD and ASNB unit trust returns, risk, liquidity, and tax treatment. Includes ASB and the ASM family's distribution history vs current FD rates.
Questions
Which fixed deposit rate is shown here?
Board rates: the standard rate each bank prints on its own page. Campaign rates are higher, time-limited and come with conditions, so they are not in the table.
Why does a bank disappear from the list?
A row hides its rates after its check date, so an old rate is never shown as current. Open the bank's own page for the current rate.
Where does the savings table differ from the FD table?
The savings table lists digital banks' everyday rate, which needs no lock-in, and shows the condition that comes with any higher rate.