15 banks compared. Enter your deposit amount to see exact interest earned — then filter by tenure and bank type.
FD Interest Calculator
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⚠️ Rates are indicative only. Simple interest calculation. Verify with your bank before placing deposits.
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📊 Full Rate Table — All Banks & Tenures
Compare rates across all tenures at a glance. All rates are per annum (p.a.).
Bank
Type
1 Month
3 Months
6 Months
12 Months
24 Months
⚠️ Important Disclaimer
Rates shown are indicative figures based on published data as of early 2026. Actual rates may differ based on promotional campaigns, deposit amount, account type, and negotiation. Always verify current rates directly with your bank before placing a fixed deposit.
💡 Tips to Maximise Your FD Returns
Longer tenures (12–24 months) earn 0.30–0.65% more per year than 1-month FDs — lock in only what you won't need.
FD laddering: Split your deposit across multiple tenures (e.g. 3M, 6M, 12M) for liquidity while earning higher blended rates.
Foreign banks (Standard Chartered, HSBC) and mid-tier banks (AmBank) often offer higher rates than the Big 4 to attract deposits.
Watch for promotional FD campaigns — banks often offer 0.20–0.50% above standard rates for new-to-bank customers.
PIDM protects up to RM250,000 per depositor per bank — spread large deposits across multiple banks.
Islamic Term Deposits-i offer comparable profit rates and are available to all Malaysians regardless of religion.
Online placement (app/internet banking) sometimes earns a higher rate than branch placement.
If you have a large sum (>RM100,000), negotiate directly with the bank — treasury rates may exceed standard board rates.
❓ Frequently Asked Questions
As of 2026, the highest FD rates are offered by Standard Chartered (up to 3.15% p.a. for 24 months), followed by AmBank and HSBC (3.10% for 24 months). For 12-month tenure, Standard Chartered leads at 3.05%, with Hong Leong Bank and AmBank close behind at 3.00%. Rates vary by bank, tenure, and deposit amount — always confirm with the bank directly.
FD interest earned by Malaysian residents is exempt from income tax under Section 133 of the Income Tax Act 1967. This applies to interest from licensed banks and financial institutions. Non-residents may be subject to withholding tax. Verify your tax status with LHDN or a tax advisor if unsure.
Most Malaysian banks require a minimum of RM500 to RM1,000 to open a fixed deposit. Promotional FD rates sometimes require higher minimums (e.g., RM10,000–RM20,000). Always check the bank's specific terms. BSN, Bank Islam, and Bank Rakyat are known to accept lower minimums for certain deposit products.
Early withdrawal typically results in reduced or zero interest. Most banks only pay a reduced rate proportional to the time held (often 50% of the FD rate or savings account rate). Some banks charge an early withdrawal penalty fee. Never place money you may need urgently into a fixed deposit — keep 3–6 months of expenses in a liquid savings account.
Conventional FDs earn interest (faedah), which is prohibited under Islamic law. Islamic Term Deposits (TD-i) use Shariah-compliant contracts such as Murabahah, Tawarruq, or Mudharabah — you receive a 'profit rate' instead of interest. In practice, rates and mechanics are very similar. Both types are protected by PIDM up to RM250,000 and available to all Malaysians.
Yes. Fixed deposits placed with PIDM member banks are protected up to RM250,000 per depositor per bank. This limit covers all your eligible deposits (savings, current, FD) combined at the same bank. If you have more than RM250,000, spread across multiple banks to maximize protection. All 15 banks listed here are PIDM members.
Longer tenures (12–24M) offer higher rates but lock up your money. FD laddering is a smart strategy — split your deposit into 3M, 6M, and 12M portions. As each matures, reinvest into 12M at the prevailing rate. This gives you periodic liquidity while earning near-maximum rates. If you expect Bank Negara to raise the OPR, shorter tenures let you reinvest at higher rates sooner.
Malaysian FDs use simple interest: Interest = Principal × Rate × (Days ÷ 365). Example: RM10,000 at 2.85% for 12 months = RM10,000 × 0.0285 × 1 = RM285 interest, maturity amount RM10,285. Use the calculator at the top of this page to compare returns from all banks instantly.