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Best FD Rate in Malaysia 2024 | Fixed Deposit Rate in Malaysia Bank

1 week ago

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Malaysia is a developing country. This country has many popular banks. This bank offers people for Fixed Deposit Account. Before opening a Fixed Deposit account, people want to know the Best FD Rate in Malaysia Bank name. In this post, we give you the 20 Best FD Rates in Malaysia 2024, Fixed Deposit Rate in Malaysia Bank Chart.

Best FD Rate in Malaysia Chart

SL	Bank Name	FD Period	Minimum Deposit	FD Rates	Depositor’s Insurance	Early Withdrawal
1	Bank Rakyat	1 – 60 months	RM500	1.85% – 2.70% p.a.	Malaysian Government	No
2	Bank Muamalat	1 – 60 months	RM1,000	1.80% – 2.50% p.a.	PIDM	No
3	HSBC	1 – 60 months	RM1,000	1.40% – 2.70% p.a.	PIDM	Yes
4	MBSB	1 – 60 months	RM500	1.85% – 2.45% p.a.	PIDM	No
5	Al Rajhi Bank	1 – 60 months	RM500	1.70% – 2.36% p.a.	PIDM	Yes
6	BSN	12 – 60 months	RM5,000	2.10% – 2.20% p.a.	PIDM	No
7	Agrobank	1 – 60 months	RM1,000	1.80% – 2.15% p.a.	Malaysian Government	No
8	Maybank	1 – 60 months	RM1,000	1.50% – 2.10% p.a.	PIDM	Yes
9	CIMB	1 – 60 months	RM1,000	1.50% – 2.10% p.a.	PIDM	Yes
10	Bank of Nova Scotia	1 – 12 months	RM1,000	1.70% – 1.85% p.a.	PIDM	No

11 to 20 Numbers Bank Rate

SL	Bank Name	FD Period	Minimum Deposit	FD Rates	Depositor’s Insurance	Early Withdrawal
11	Public Bank	1 – 60 months	RM1,000	1.50% – 1.85% p.a.	PIDM	No
12	RHB Islamic Bank	1 – 60 months	RM1,000	1.50% – 1.85% p.a.	PIDM	Yes
13	OCBC	1 – 60 months	RM1,000	1.35% – 1.85% p.a.	PIDM	Yes
14	Alliance Bank	1 – 24 months	RM500	1.50% – 1.85% p.a.	PIDM	No
15	Affin Islamic Bank	1 – 24 months	RM500	1.50% – 1.85% p.a.	PIDM	Yes
16	Standard Chartered	1 – 12 months	RM1,000	1.40% – 1.60% p.a.	PIDM	No
17	Hong Leong Bank	1 – 60 months	RM500	1.50% – 1.60% p.a.	PIDM	Yes
18	AmBank Islamic	1 – 60 months	RM500	1.40% – 1.70% p.a.	PIDM	Yes
19	India International Bank	1 – 60 months	RM1,000	1.30% – 1.45% p.a.	PIDM	No
20	Citibank	1 – 10 months	RM1,000	1.15% – 1.30% p.a.	PIDM	Yes

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For 2024, Malaysia offers a variety of competitive fixed deposit (FD) rates across different banks, with rates depending on the bank, deposit amount, and tenure. Some of the top offers include:

Alliance Bank: Up to 8.50% per annum for a 3-month term with conditions for their Privilege customers.

Bank Islam: Offers rates up to 5.68% for a 12-month term through their promotional campaigns.

CIMB Bank: Offers 3.60% for a 6-month term with online banking promotions.

RHB Bank: Offers 3.70% for a 6-month term, and 3.80% for RHB Premier customers.

Maybank: Features 3.70% for 6-month Islamic fixed deposits.

This is the list of the 20 Best FD Rates in Malaysia Bank. Any time this rate is changed by the bank. We update this chart regularly. For the latest best FD rate in Malaysia, please stay with bankfdrate.com.