Best Fixed Deposit Rate Malaysia 2026

Up to 4.38% p.a. — Alliance Bank, MBSB, AmBank, CIMB, Public Bank compared

All rates verified against official bank promotion pages, not aggregator estimates

Best FD Promotion Rates — July 2026

Sorted by rate. ⚠️ = investment account, not PIDM-protected fixed deposit.

Bank / Product	Rate p.a.	Tenure	Min. Deposit	Campaign Ends
Alliance Bank (Bangsar / Sri Petaling branch)	4.08–4.38%	6 months	Branch visit required	31 Oct 2026
MBSB Bank Term Deposit-i	3.73–3.75%	6–12 months	RM1,000	31 Jul 2026
AmBank MTIA-i⚠️ Not PIDM	3.60–3.70%	6–12 months	RM500	31 Jul 2026
CIMB TIA-i⚠️ Not PIDM	3.50–3.70%	3, 8, 12 months	RM1,000	3 Aug 2026
Public Bank Special FD Campaign	3.40–3.70%	3–15 months	RM5,000	30 Sep 2026
RHB e-CMDI	3.60–3.65%	6–12 months	RM5,000	31 Jul 2026
Maybank e-Islamic FD-i	3.40–3.65%	3, 6, 12 months	RM1,000	31 Aug 2026

⚠️ PIDM Disclaimer

CIMB TIA-i and AmBank MTIA-i are investment accounts, not fixed deposits. They are NOT protected by PIDM. Principal and returns are not guaranteed. Standard PIDM-protected FDs are covered up to RM250,000 per depositor per bank.

⚠️ Watch out for "headline" rates that hide a catch

Some FD comparisons list BSN's Term Deposit-i bundle at 6.00% p.a. — but this requires bundling with a BSN SSP savings account, which earns a much lower rate. Your blended effective return is significantly less than 6%. Always check the fine print, not just the headline number.

FD vs Money Market Fund — What's the Difference?

If you're placing an FD for yield, money market funds are worth comparing. Both give ~3.5–4% p.a., but the mechanics differ significantly:

	FD (Bank)	Money Market Fund (FSMOne)
Indicative return	3.40–3.70% p.a.	~3.5–4.0% p.a.
Lock-in period	3–12 months	None — daily liquidity
Minimum deposit	RM500–RM5,000	RM100
PIDM protected	Yes (up to RM250k)	No
Principal guaranteed	Yes	Not guaranteed

Bottom line

For short-term parking with guaranteed principal, FD wins. For flexibility (withdraw anytime) with similar yield, money market funds via FSMOne are worth considering — especially if you dislike being locked in.

How to Apply for FD Promotions Online

Log in to your bank's mobile app or website (e.g. CIMB Clicks, AmOnline, HLB Connect)
Navigate to Deposits → Fixed Deposit / Term Deposit
Select the promotional product (TIA-i, eFD-i, etc.) — not the standard FD
Choose tenure and enter amount (must meet minimum)
Review rate shown — confirm it matches the promotional rate
Confirm placement. Policy sent by email/SMS.

Most banks require online/app placements for promotional rates. Counter rates are typically lower.

Dividen ~5.75% · Jamin Kerajaan

🏆 Kempen Pandu Impianmu 2.0

Labur RM500 — Peluang Menang BMW 320i M Sport

Setiap RM500 dilaburkan = 1 tiket cabutan. Labur via app myASNB = 2× tiket. Guna kod GENLABUR semasa melabur.

Cabutan	Hadiah Utama
Draw 1 (kini–Sep 2026)	Proton e.Mas 7 PHEV + 3x Bezza 1.3X
Grand Draw (kini–Mac 2027)	BMW 320i M Sport + 3x Bezza 1.3X

Dan jangan lupa — simpanan anda membesar:

Simpan/bln	10 thn	20 thn	30 thn
RM500	RM80k	RM224k	RM479k
RM1,000	RM161k	RM449k	RM959k
RM1,044	RM168k	RM469k	RM1.0M

✅Modal 100% terjamin kerajaan — tiada risiko kehilangan
📈Dividen ~5.75%/tahun — lebih tinggi daripada FD kebanyakan bank
🎁RM10 bonus terus masuk bila melabur RM100 pertama (kod ZP3HXD)

Kod rujukan ZP3HXD disalin automatik apabila klik — taip semasa daftar untuk RM10. Guna kod kempen GENLABUR semasa melabur untuk 2× tiket.

*Unjuran berdasarkan dividen ~5.75% p.a. Dividen tidak dijamin tetapi konsisten sejak 2012. Kempen Pandu Impianmu 2.0 hingga Mac 2027.

Related Investment Tools

FD Calculator ASB Dividend Calculator FSMOne Review Investment Hub

Frequently Asked Questions

Which bank has the highest FD rate in Malaysia right now?

Alliance Bank's Bangsar and Sri Petaling branch promotions offer the highest rate at 4.08–4.38% p.a. for a 6-month tenure, but require an in-person branch visit. For an online/app placement with no branch visit, MBSB Bank Term Deposit-i at 3.73–3.75% p.a. (min RM1,000) is the best widely-accessible option. Rates change frequently — always check the bank's own promo page before placing.

Which bank is best for FD in Malaysia 2026?

It depends on your deposit size and convenience needs. For the highest headline rate, Alliance Bank's branch promos win. For low minimum deposit with strong PIDM protection, MBSB Bank and AmBank (RM500–1,000 minimums) are competitive. For flexibility across multiple tenures, Public Bank's Special FD Campaign runs the longest (until 30 Sep 2026).

Will FD interest rates increase in Malaysia in 2026?

Bank Negara Malaysia's Overnight Policy Rate (OPR) was last cut to 2.75% in July 2025 and has held steady since. A lower OPR generally pushes FD board rates down over time, though banks still run short-term promotional campaigns above board rate to attract fresh funds. There's no signal of a near-term OPR hike, so promotional FD rates are more likely to narrow than rise.

Is CIMB TIA-i or AmBank MTIA-i a fixed deposit? Is it PIDM protected?

No. Both CIMB TIA-i (Term Investment Account-i) and AmBank MTIA-i are commodity-linked investment accounts, not traditional fixed deposits. Neither is protected by PIDM. Principal and returns are not guaranteed, though they typically behave like an FD in practice and carry the same expected returns.

What FD options are available for senior citizens in Malaysia?

Several banks run senior-specific FD products: Public Bank's Golden 50 PLUS Fixed Deposit and Hong Leong's Senior Savers Flexi FD both offer preferential rates or flexible withdrawal terms for depositors aged 50 and above. These are separate from the standard promotional campaigns above — check with the bank directly for current senior rates.

What is the minimum deposit for FD promotions in Malaysia?

Minimums vary: AmBank MTIA-i has the lowest at RM500. Most banks (MBSB, CIMB, Maybank) require RM1,000 minimum. RHB and Public Bank promotional FDs require RM5,000. Alliance Bank's highest-rate promo requires an in-branch visit with no fixed published minimum. Most other promotions are for online/app placements only.

FD vs money market fund — which is better?

FD: principal guaranteed, PIDM protected (up to RM250k), locked-in for tenure (3–12 months), 3.40–3.75% p.a. on current promotions. Money market fund (e.g. via FSMOne): ~3.5–4.0% p.a., daily liquidity, no lock-in, minimum RM100, but principal not PIDM guaranteed. FD wins for safety and certainty; money market wins for flexibility.

Do FD promotion rates apply for renewal too?

No. Promotional rates almost always apply to the first placement only, or to new/incremental funds not already with that bank. Upon maturity, your FD auto-renews at the standard board rate (~1.75–2.65% p.a. depending on bank) unless you manually re-apply for a new promotion. Always re-shop at maturity.