Fixed Deposit Calculator — Malaysia
Calculate your fixed-deposit maturity value and interest in MYR at current rates. No signup, no tracking.
Fixed deposit rates in Malaysia (2026)
FD rates ≈ 3.5–4% p.a. for 12+ months. PIDM insured up to RM250k. Islamic Commodity Murabaha deposits similar rates.
At around 3.5%, the fixed-deposit rate in Malaysia is around the typical range for developed-market deposits.
Reference figures, ~2026. FD interest is often taxable and rates vary by bank and tenure - verify the current rate before depositing.
Worked example
For every RMÂ 100,000 deposited at 3.50% for 5 years (quarterly compounding):
- Maturity value: RMÂ 119,034
- Interest earned: RMÂ 19,034
Scale to your deposit amount. Longer tenures and higher rates grow the maturity value; compare banks before locking in.
How to get the best fixed-deposit return in Malaysia
- Compare several banks - smaller and digital banks often pay more than the big high-street names.
- Ladder your deposits across different tenures so some matures regularly and you can reinvest at new rates.
- Check how often interest compounds; more frequent compounding grows the maturity value.
- Factor in tax on the interest, and compare against short-term government bills or bonds.
Frequently Asked Questions
How is FD maturity calculated in Malaysia?
Maturity = P × (1 + r/4)^(4n) for quarterly compounding, where P is the deposit, r the annual rate and n the years. fin·calc uses this standard method.
What is the current FD rate in Malaysia?
As a 2026 reference, fixed-deposit rates are around 3.5% per year, varying by bank and tenure. FD rates ≈ 3.5–4% p.a. for 12+ months. PIDM insured up to RM250k. Islamic Commodity Murabaha deposits similar rates.
Is FD interest taxable in Malaysia?
In Malaysia, fixed-deposit interest earned by individuals is not taxable when placed with a licensed bank under the Financial Services Act 2013, and does not need to be declared to LHDN.
Is a fixed deposit safe in Malaysia?
Fixed deposits carry no market risk. In Malaysia, deposits are protected by PIDM up to RM250,000 per depositor, per member bank. They trade higher safety for lower long-term returns than equities.
Should I choose a fixed deposit or invest instead in Malaysia?
A fixed deposit gives a guaranteed return and suits money you cannot afford to risk. Investing targets higher long-term growth but can fall in value. Many people keep an FD for safety and invest separately for growth.
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Sources
Deposit rates are compiled from each country's central-bank publications and the typical offerings of its major banks, reviewed for 2026 and subject to change — always confirm the current rate with your bank before depositing. See our methodology and editorial policy for how we source and update this data.