Fixed deposit (FD) rates in Malaysia in 2026 range from 3.25% to 3.85% per annum for 12-month tenures at major banks, with digital banks and promotional rates pushing even higher. Here is a complete comparison of every major bank so you can park your money wisely.
Fixed Deposit Rates Comparison — Malaysia 2026
| Bank | 1 Month | 3 Months | 6 Months | 12 Months |
|---|---|---|---|---|
| Maybank | 2.90% | 3.25% | 3.40% | 3.55% |
| CIMB | 2.85% | 3.20% | 3.35% | 3.50% |
| Public Bank | 2.80% | 3.15% | 3.30% | 3.45% |
| RHB | 2.90% | 3.25% | 3.40% | 3.55% |
| Hong Leong Bank | 2.85% | 3.20% | 3.40% | 3.55% |
| AmBank | 2.80% | 3.20% | 3.35% | 3.50% |
| GXBank (Digital) | 3.40% | 3.60% | 3.70% | 3.85% |
| AEON Bank (Digital) | 3.30% | 3.55% | 3.65% | 3.80% |
Digital Banks vs Traditional Banks
Malaysia's new digital banks (GXBank, AEON Bank, boost bank) consistently offer 20–40 basis points more than traditional banks on savings products. The trade-off is a purely app-based experience with no physical branches.
How Fixed Deposit Interest Is Calculated
FD interest in Malaysia is calculated on a simple interest basis: Interest = Principal x Rate x (Days/365). A RM50,000 FD at 3.55% for 12 months earns approximately RM1,775 before withholding tax (WHT of 15% for non-residents, exempt for residents).
FD vs ASB vs Savings Account
FDs offer better rates than savings accounts but are locked in for the tenure. ASB (for Bumiputera) typically pays 5.5%+ dividends, making it superior to FDs. Non-Bumiputera alternatives include money market funds and ASNB funds.
Calculate Your FD Returns
Use our 📈 Compound Interest Calculator to model how your savings grow over time at different FD rates and compounding frequencies.