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Latest Fixed Deposit Rates(FD Rates) In Malaysia

If you having tough time to make decision on which bank should you put your money into fixed deposit account to earn better interest rates, then you have come to the right place as you can see a list of comparison among all Malaysia banks here.

Since now is year 2010, perhaps it is a great time for me to review the latest Malaysia fixed deposit rates of banks this January 2010. But, please bare in mind that the rates may go up and down at any time. You are advised to confirm the latest fixed deposit rates with the respective banks concerned.


Last time the FD rate for 1 month is about 3.0%, but now become 2.0% only. I can feel that the decreasing interest rate is making the value of the money in bank become smaller. So, it’s not a good idea if continue to do put your money into fixed deposit account as it may easily wipe out millions of profit or loss.

Latest Malaysia Fixed Deposit Rates:


I heard my uncle said that Ambank inherit ‘high’ FD rates in tradition. Last time Ambank is MBF and now become Arab Malaysian Bank(please correct me if i’m wrong) after few rumours that MBF it will go bankrupt and people queuing up to withdraw their money from the bank. And it is true that their financial was not strong enough at that moment.

Which Malaysia Bank Offer Better Benefits?

I can see that nowadays more and more people like to put their money into Maybank fixed deposit because Maybank2u can offer instand fixed deposit placement so you can do it online at your home. That really save a lot of time. You can also uplift your FD anytime online with just few clicks.

Malaysia Fixed Deposit (FD) Withholding Tax

Any FD that is RM100,000 and above is subjected to 5% withholding tax. The loophole to avoid tax if you need to put more than RM100,000 FD is to place several FD with smaller amount, e.g, 2 x RM50,000 FD. So the tax is easily avoided.

14 Responses to “Latest Fixed Deposit Rates(FD Rates) In Malaysia”

  1. MalaysiaRates Says:

    you can get a free widget that updates FD rates in Malaysia, usually updated monthly.

  2. theeggyolks Says: low…wonder when will the FD rate go up -_-“

  3. libraco Says:

    it is predicted that the interest rate won’t go up in 6 months time. Get a new opportunity

  4. MalaysiaRates Says:

    on the contrary, rates are going up very soon in the next 2 years.

  5. Jayce Says:

    The rate will be higher by end of 2010. 🙂

  6. Ian Kree Says:

    FD is not good for primary financial plan, but good as diversification (as minority investment).

    If you are not into property or stock market investment, better go for mutual fund. Some people aren’t into mutual fund because they don’t want to lose money when the market/economy is down.

    Well, when the market/economy is down, you can switch from equity fund (that generally follows the market trend) to bond or money market fund (which offers rate that equal to FD rate). And when the market/economy is up again, you switch back from bond or money market fund to equity fund! Hopefully your mutual fund company has such package/arrangement. I’m investing with Public Mutual – that allows me doing that. 🙂

  7. hafezam Says:

    hi, just want to know..if the FD said it will gave out 3% for a 15 month tenure, will the calculation look like this?

    lets say i’m gonna put Rm50k

    50,000*0.03*15 = rm22500?

  8. Diana Tan Says:

    Fixed Deposits rates have been increased twice in as of July 2010.

  9. wong Says:

    what investment is good at this moment ; say with 50k a)FD b)insurance saving plan c)share market

  10. Rynn Says:

    i personally think that b) insurance saving plan is the best investment indeed.i had invested at such paln where i had a coverage for all kind of insurance policy + medical card + investment at the equity fund all at one go..i did invest about 10k..and within 14 months it was accumulated to RM 14890. Which i believe i wouldnt be getting in any FD…and the best part my investment of 10k is not bonded, therefore i can just withdraw it anytime i was a excellent plan..gheard about many insurers talkin bout their products..i really analyse and pick companies that provides highest returns!!!

  11. Chong Kong Hui Says:

    FD never an investment!

  12. BElla Says:

    Hi, im new here. I want to try FD FOR INVESTMENT. I heard from agent of AMBANK good offer, this is a msg from him : it’s under AMbank.. n de thing is, if u cmpare dis scheme wif other scheme, i think dis one is de best, due to de prcntage gven by de bank which is 14% minimum, unlike other bank.. n i think this info might shock u, last year, de dvdend gven by de bank rose till 20% n dat’s a lot.. bsides dat, de bank also offers it custmers free insurance.. de insurance work like this, if u r being hospitalized, de bank will give u RM90 a day, dpending on how many days dat u r being admitted, juz x de number of days wif 90.. cool rite? ok, other thngs dat u need 2 know bout de insurance is dat if a customer dies, n he/she invest 10k wif de savings, his/her descendant will rceive 10x from the value dat they invest, meaning dat 100k r already confirm will b gven to them. oh, n it’s a life insurance.. accdent, paralyzed n all dat r also covered by de insurance.. 1 more thing, i think u already knw dat this kind of thngs r always being handle by agents dat r being appointed by de bank itself.

    Is there any such thing that FD cover the insurance? is it a new product that i dont know from AMBANK.

  13. Chong Kong Hui Says:

    It is for sure not a bank’s product but may be distribute (sell) via the Bank.

    AmBank has a related company called AmInvestment for mutual fund and share investment etc.

    AmBank also has a related company called AmAssurance – an insurance company.

    Give me the detail plan and I will analyse it for you.

    I am financial accountant by profession and a HLA agent. Should be qualified enough to do the anlaysis.

  14. geeks Says:

    Hi Celine hui,
    can i ask you smth,
    how do they calculate the FD E.g: like(3.20%) for 20k…izit answer smthg like this ($20640)permonth..
    Please advise me thanks.. cheersss

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