Best Fixed Deposit in Malaysia

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Best Fixed Deposits Malaysia 2021 - Compare Rates & Enjoy Promos

We found 27 fixed deposit(s) for you!

Recommended

StashAway Simple

Minimum Deposit
RM 0
Projected Return
% p.a.
Investment Returns
RM
Recommended

RHB Commodity Murabahah Deposit-i

Minimum Deposit
RM 1,000
Profit Rate
% p.a.
Investment Returns
RM
Recommended

RHB Ordinary Fixed Deposit

Minimum Deposit
RM 500
Interest Rate
% p.a.
Investment Returns
RM

Maybank eFixed Deposit

Minimum Deposit
RM 1,000
Interest Rate
% p.a.
Investment Returns
RM

Maybank Fixed Deposit Account

Minimum Deposit
RM 0
Interest Rate
% p.a.
Investment Returns
RM

OCBC MYR Fixed Deposit

Minimum Deposit
RM 10,000
Interest Rate
% p.a.
Investment Returns
RM

Ambank Islamic Am50Plus Term Deposit-i

Minimum Deposit
RM 5,000
Profit Rate
% p.a.
Investment Returns
RM

Ambank Conventional Fixed Deposit

Minimum Deposit
RM 500
Interest Rate
% p.a.
Investment Returns
RM

Alliance Fixed Deposit

Minimum Deposit
RM 500
Interest Rate
% p.a.
Investment Returns
RM

Affin Islamic Term Deposit-i (TD-i)

Minimum Deposit
RM 500
Profit Rate
% p.a.
Investment Returns
RM

AffinBank Fixed Deposit

Minimum Deposit
RM 5,000
Interest Rate
% p.a.
Investment Returns
RM

CIMB Islamic Fixed Return Income Account-i (FRIA-i) - Maturity Returns

Minimum Deposit
RM 1,000
Profit Rate
% p.a.
Investment Returns
RM

Bank of China Fixed Deposit Account

Minimum Deposit
RM 1,000
Interest Rate
% p.a.
Investment Returns
RM

Maybank Islamic Prosperous Now! Account-i (PNA-i)

Minimum Deposit
RM 10,000
Profit Rate
% p.a.
Investment Returns
RM

Bank Islam Term Deposit-i (Tawarruq)

Minimum Deposit
RM 500
Profit Rate
% p.a.
Investment Returns
RM

Maybank Islamic Fixed Deposit-i (iFD-i)

Minimum Deposit
RM 1,000
Profit Rate
% p.a.
Investment Returns
RM

Standard Chartered Fixed Deposit

Minimum Deposit
RM 1,000
Interest Rate
% p.a.
Investment Returns
RM

Hong Leong Fixed Deposit

Minimum Deposit
RM 500
Interest Rate
% p.a.
Investment Returns
RM

AmBank Islamic Term Deposit-i

Minimum Deposit
RM 500
Profit Rate
% p.a.
Investment Returns
RM

Public Bank Golden 50 Plus Fixed Deposit Account

Minimum Deposit
RM 10,000
Interest Rate
% p.a.
Investment Returns
RM

Public Bank PLUS Fixed Deposit Account

Minimum Deposit
RM 1,000
Interest Rate
% p.a.
Investment Returns
RM

Public Islamic Bank Term Deposit-i

Minimum Deposit
RM 1,000
Profit Rate
% p.a.
Investment Returns
RM

MBSB Term Deposit-i

Minimum Deposit
RM 500
Profit Rate
% p.a.
Investment Returns
RM

UOB Fixed Deposit

Minimum Deposit
RM 500
Interest Rate
% p.a.
Investment Returns
RM

HSBC Time Deposit

Minimum Deposit
RM 5,000
Interest Rate
% p.a.
Investment Returns
RM

CIMB Unfixed Deposit

Minimum Deposit
RM 1,000
Interest Rate
% p.a.
Investment Returns
RM

Bank of China Malaysia Safe & Save Deposit Promotion FD & CASA Combo

Minimum Deposit
RM 10,000
Interest Rate
% p.a.
Investment Returns
RM
Last updated: Oct 12, 2021

FAQs What Is A Fixed Deposit Account?

A Fixed Deposit account (FD) is a financial instrument offered by banks, which allows you to save your money for a fixed period of time to generate higher interest compared to a conventional savings account. In many western countries, FD is also known as term deposit or time deposit.

  • In a typical FD arrangement, you place a sum of money into a bank by cash or cheque, and receive in return a certificate of deposit indicating the deposited amount, the interest and the maturity date. At the specified maturity date, you then return the certificate of deposit to the bank to withdraw your deposited amount plus interest.

  • FD's generally provide savers with higher interest rates than regular savings accounts. As such, if you have some spare cash that you do not need access to, you can boost your income by choosing to invest in it.

    1. Take advantage of FD promotions:

      Most banks run FD promotions a few times a year in order to entice new and recurring customers. Interest rates from FD promotions are usually higher than the board rate. Keep yourself updated with the latest FD promotions by checking iMoney's online calculator regularly (Scroll up to use the calculator).

    2. Compare the rates:

      Different banks have different FD interest rates. To get maximum returns from your deposits, check the rates of all the banks before opening an FD. This can also be done via iMoney's online calculator.

    3. Lengthen your Fixed Deposit period:

      Typically, the longer your FD period is, the higher the interest rate is. However, bear in mind that you may risk losing all or part of your interest if the fund is withdrawn prematurely.

  • Based on the standard policy of major banks in Malaysia, you will instantly lose all interest if you:

    • make a premature withdrawal from an FD with a term of one, two or three months
    • make a premature withdrawal before three months from an FD account with a term longer then three months

    However, if you make a premature withdrawal from an FD after three months, you get to keep half of the interest generated.

    Account or a joint-name account with the same bank, as they are insured separately. For more information on PIDM, click here.

    Read the latest Fixed Deposit News in Malaysia here.

  • In Malaysia, all deposits made at a member bank are automatically protected by Perbadanan Insurans Deposit Malaysia (PIDM). In the event that your bank fails, PIDM protects you against the loss of your deposits, but only for up to RM250,000 per depositor per bank. For peace of mind, look for the PIDM sign that indicates your bank is a member bank.

    For those with more than RM250,000, consider getting maximum protection by depositing your money in sums of RM250,000 with different banks. Alternatively, you can also place your money into an Islamic account or a joint-name account with the same bank, as they are insured separately. For more information on PIDM, click here.

    Read the latest Fixed Deposit News in Malaysia here.