Best Fixed Deposit Accounts In Malaysia

by The RinggitPlus Team

Fixed Deposits

Best Fixed Deposit Accounts In Malaysia

Last update: 5 August 2019

"What's the best fixed deposit in Malaysia?" It's one of the most common questions we hear from Malaysians who want a stable and secure form of savings. With its combination of zero risks, guaranteed returns, and the flexibility of choosing the duration of the deposit, many turn to fixed deposits as a reliable form of short to medium-term savings.

Most fixed deposit accounts in Malaysia are also regulated by Perbadanan Insurans Deposit Malaysia (PIDM) that gives protection for your investment in the unlikely event of member bank failure. So when identifying which fixed deposit account to put your money in, the main points of consideration should be interest rates, minimum deposit amount, and if they are insured by PIDM.

Here are the highest interest fixed deposit accounts in Malaysia, arranged by duration. The tables below will be updated every month.

Top 1-month FD rates in Malaysia

Bank Name Product Name Minimum Deposit Interest/Profit Rate Profit on RM10,000 Depositor's Insurance?
Bank Rakyat Bank Rakyat Term Deposit Account-i RM500 3.25% RM27.00 -
MBSB Bank MBSB Term Deposit-i RM500 3.10% RM25.80 PIDM
Bank Islam Bank Islam Term Deposit-i RM1,000 3.05% RM25.40 PIDM
BSN BSN Term Deposit RM1,000 3.00% RM25.00 -
CIMB CIMB Unfixed Deposit RM5,000 2.95% RM24.60 PIDM
Top 3-month FD rates in Malaysia
Bank Name Product Name Minimum Deposit Interest/Profit Rate Profit on RM10,000 Depositor's Insurance? 
Bangkok Bank Bangkok Bank Fixed Deposit RM5,000 3.65% RM91.20 PIDM
Affin Bank Affin FDPLUS2 RM5,000 3.60% RM90.00 PIDM
Bank Rakyat Bank Rakyat Term Deposit Account-i RM500 3.40% RM85.00 -
Agrobank Agrobank Fixed Return Investment Account-i  RM1,000 3.15% RM78.80 -
Bank Muamalat Bank Muamalat Fixed Term Account-i RM1,000 3.10% RM77.60 PIDM
Top 6-month FD rates in Malaysia
Bank NameProduct NameMinimum DepositInterest/Profit Rate Profit on RM10,000Depositor's Insurance?
Bangkok BankBangkok Bank Fixed DepositRM5,0003.70%RM185.00PIDM
Bank RakyatBank Rakyat Term Deposit Account-iRM5003.55%RM177.60-
AgrobankAgrobank Fixed Return Investment Account-iRM1,0003.30%RM165.00-
Kuwait Finance HouseKFH International Commodity Murabahah Deposit-iRM5003.20%RM160.00PIDM
India International BankIndia International Bank Fixed DepositRM1,0003.15%RM157.60PIDM
Top 9-month FD rates in Malaysia
Bank Name Product Name Minimum Deposit Interest/Profit Rate Profit on RM10,000 Depositor's Insurance?
Bangkok Bank Bangkok Bank Fixed Deposit RM5,000 3.70% RM277.60 PIDM
Bank Rakyat Bank Rakyat Term Deposit Account-i RM500 3.60% RM270.00 -
Agrobank Agrobank Fixed Return Investment Account-i RM1,000 3.35% RM251.20 -
MBSB BankMBSB Term Deposit-i RM500 3.30% RM247.60 PIDM
Bank Islam Bank Islam Term Deposit-i RM500 3.25% RM243.80 PIDM
Top 12-month FD rates in Malaysia
Bank Name Product Name Minimum Deposit Interest/Profit Rate Profit on RM10,000 Depositor's Insurance?
Affin Bank Affin Bank Fixed Deposit RM500 3.90% RM390.00 PIDM
Bank Rakyat Bank Rakyat Term Deposit Account-i RM500 3.85% RM385.00 -
Bangkok Bank Bangkok Bank Fixed Deposit RM5,000 3.80% RM380.00 PIDM
Kuwait Finance House KFH Junior International Commodity Murabahah Deposit-i RM1,000 3.75% RM375.00 PIDM
Agrobank Agrobank Fixed Return Investment Account-I 45 Plus RM1,000 3.65% RM365.00 -

Ready to apply? Check out the RinggitPlus Fixed Deposits page, where you'll find useful information for fixed deposit promotions available in Malaysia, as well as a useful fixed deposit calculator!