Maybank Malaysia offers its customers the best FD interest rates of 3.10% annually with a minimum deposit of RM 1000 for a tenure of 5 years. The attractive FD rates are available for two types of FD schemes: Conventional Fixed Deposit Accounts (FDs) and Islamic Fixed Deposits-i (FDs-i).Read more
Save upto ₹46,800 in tax under Sec 80C
Inbuilt Life Cover
Tax Free Returns Unlike FD
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
With Maybank, customers can enjoy higher rates with the Maybank2u app available at their fingertips. Online FDs can be bought for e-FDs (conventional) and IFDs-i (Islamic) schemes.
|TENURE||Fixed Deposit Account Interest Rates||Prosperous Now Account-i Interest Rates||Islamic Fixed Deposit-i Interest Rates|
|1 Month||2.45% p.a.||2.35% p.a.||2.45% p.a.|
|2 Months||2.65% p.a.||2.55% p.a.||2.65% p.a.|
|3 Months||2.70% p.a.||2.60% p.a.||2.70% p.a.|
|4 Months||2.70% p.a.||2.60% p.a.||2.70% p.a.|
|5 Months||2.70% p.a.||2.60% p.a.||2.70% p.a.|
|6 Months||2.80% p.a.||2.70% p.a.||2.80% p.a.|
|7 Months||2.80% p.a.||2.70% p.a.||2.80% p.a.|
|8 Months||2.80% p.a.||2.70% p.a.||2.80% p.a.|
|9 Months||2.80% p.a.||2.70% p.a.||2.80% p.a.|
|10 Months||2.80% p.a.||2.70% p.a.||2.80% p.a.|
|11 Months||2.80% p.a.||2.70% p.a.||2.80% p.a.|
|1 Year||2.85% p.a.||2.70% p.a.||2.85% p.a.|
|13 Months- 35 Months||2.85% p.a.||–||2.85% p.a.|
|36 Months- 47 Months||2.90% p.a.||–||2.90% p.a.|
|48 Months- 59 Months||3.00% p.a.||–||3.00% p.a.|
|5 Years||3.10% p.a.||–||3.10% p.a.|
Rates are effective as of 7th November 2022.
Disclaimer: Policybazaar does not endorse, rate, or recommend any particular company or
product. The policyholder bears the investment risk in the investment portfolio.
For investors who seek fixed returns at regular intervals, Maybank offers its Fixed Deposits at competitive rates with guaranteed returns.
These schemes offer the additional benefit of getting working capital instead of keeping the FDs as collateral with certain terms and conditions.
Maybank provides its clients with three types of FD Schemes with applicability to access them online with the Maybank2u app as e-Fixed Deposits (e-FDs) and e-Islamic Fixed Deposits-i (IFDs-i) as well.
Let us read about the schemes in detail in the following section.
The customer can gain interest at higher interest rates
Earn high interest as compared to a simple savings account.
Gives protection against interest rate fluctuations in the banking market.
A customer can earn an Islamic Deposit Rate at predetermined profit rates.
The principle concept behind Islamic Term Deposit is based upon the Shariah concept of Commodity Murabahah (cost and sale) contract.
Under this contract, the bank uses an identified asset for sale and purchase transactions between the bank and the customer.
Offer high-profit rates than simple Islamic savings accounts.
Profits can be earned monthly, half-yearly, or upon maturity.
The Islamic FDs are also eligible as collateral for banking facilities with applicable terms and conditions.
This FD Scheme is also based upon the Shariah concept of the Commodity Murabahah contract.
The customer is given some instant cash/security deposit (Hamish Jiddiyah) as upfront profit while placing the FD Scheme.
The bank pays the principal amount upon completion of the tenure period, and the profit gets adjusted in the upfront profit credited during the FD scheme placement.
|Minimum Deposit: RM 10000. Tenure Period: 1 month- 1 year.|
Offers high profits as compared to the normal Islamic savings account.
Profit rates are fixed prior, so there are no interest rate fluctuations.
It also provides customers with free Personal Accident Takaful Coverage and Medical and Funeral Expenses (accident only).
This FD Scheme is also allowed for Banking facilities with applicable terms and conditions.
FD investments with Maybank make your money work for you.
The interest rate is computed based on the number of days under the term of the deposit.
Under the Unclaimed Moneys Act 1965, money deposited under Automatic Renewal in the FD is classified as Unclaimed Money if the FD account is continuously inoperable for 7 years.
Maybank Malaysia also offers its customers to enjoy the convenience of managing their accounts from the ease of their homes
It also allows them to reap the benefits of fixed and higher interest rates compared to normal savings accounts.
Allows ease in placing new FD applications anytime and anywhere with Maybank2u.
Visit the nearest Maybank branch with all the essential documents.
Customers can avail of the benefits of Maybank FD Schemes by following the steps below:-
Step 1: Log in to Maybank2u online.
Step 2: Click on "Apply" → Select "Apply Now" under the Fixed Deposit section.
Step 3: Select the favorable account type, i.e., Conventional or Islamic, under the drop-down options "product type" --> select account type as "Individual" or "Joint" as per choice.
Step 4: Fill in the Application form details carefully.
Step 5: Press the button "Make Placement."
Step 6: Revise the details on the form review page and click "Confirm" upon validating them. This completes the e-FD placement process successfully.
Available for all individuals holding Maybank Accounts, Joint Accounts, and Sole Proprietors.
Malaysians must have a valid MyKad document.
Foreigners must hold a valid passport and other necessary evidential documents required by authorities while visiting/ staying in Malaysia.
A Malaysian holding a valid passport (considering MyKad was the primary document).
A customer can also produce a valid driving license.
Utility bills, like water/electricity/ telephone bills, Quit rent Notices, and an Assessment Notice with the name and address of the respective customer can also be produced.
A letter of employment in the customer's name can also be a supporting document.
Effective from 1st January 2019, the updated premature withdrawal rules for the existing, renewed, and new conventional FD placements are as follows:
For an immediate premature FD withdrawal without 31 day's notice period, no interest will be paid if the full tenure period of the FD is not fulfilled.
|Principal FD Amount: RM 10000
Start Date: 01/01/2023
Premature Withdrawal Date: 1/03/2023
Date of FD Maturity: 01/07/2023
The customer must possess a current/ savings account available with the bank.
If the notice period of 31 days is provided by the customer in writing, 50% of the interest is payable at the contracted interest rates.
The interest is calculated for the total days until the end of the Notice Period.
On the 32nd day from the notice, the computed interest with the principal amount gets deposited in the bank's desired current/ savings account.
The customer is not allowed to amend any instructions related to the FD until the Notice Period ends.
|Principal FD Amount: RM 10000
FD Tenure Period: 12 Months
FD Interest Rate: 3.35% p.a.
Start of FD Date: 01/01/2023
Notice Date (Notice given by the Customer): 04/02/2023
Premature Withdrawal Date: 10/03/2023
Date of Maturity of FD: 01/01/2023
Total No. of days become= 68
Maybank also offers its customers to get a maximum working capital of 200% raised against their FDs or Islamic FDs as collateral.
This facility supports the customers with the daily operational needs of a business engaged in government contracts or import/export businesses.
Sole Proprietors, Partnership Businesses, Private Limited Companies, and Professionals are eligible for this working capital financing.
Financing is given only for Working Capital.
Maximum Loans Allowed: Up to RM 5 million
|SME Facility Type||Tenure|
|Term Loan/ Commodity Murabahah Term Financing-i (CMTF-i)||Maximum 5 years|
|Overdraft/ Cash Line-i (CL-i)||It is subject to renewal|
|Tradelines/ -i*||It is subject to the trade cycle|
*These are provided in the form of Letters of Credit (LCs), Invoice Financing (IF), or Bank Guarantees (BGs)
Fixed Deposits (FD)/ Islamic Fixed Deposits (IFD-i)
ASW2020 (only for Conventional)