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Malaysia Fixed Deposit Calculator

Calculate the interest and maturity value of a Malaysian fixed deposit (FD).

Value at maturity

RM 10,350.00

Principal placed	RM 10,000.00
Interest rate	3.50% p.a.
Tenure	12 months
Interest earned	RM 350.00
Total at maturity	RM 10,350.00

Fixed deposit interest is simple interest, pro-rated for the tenure placed. Quoted rates are per annum.

How fixed deposits work

A fixed deposit (FD) is a low-risk savings product: you lock a lump sum with a bank for a set tenure and earn a guaranteed interest rate. FD interest in Malaysia is simple interest, calculated on the principal and pro-rated for the tenure.

FD rates are quoted per annum, so a 12-month placement earns the full quoted rate, while a 3-month placement earns roughly a quarter of it.

Things to know

Deposits with licensed banks are protected by PIDM up to RM250,000 per depositor per bank.
Withdrawing early usually means losing some or all of the interest.
FD is safe but the return is modest - often close to the inflation rate. It suits emergency funds and short-term savings.

Frequently asked questions

How is FD interest calculated?

Simple interest: principal multiplied by the annual rate, pro-rated for the tenure in months. It is not compounded within a single placement.

Is my fixed deposit safe?

FDs with PIDM member banks are protected up to RM250,000 per depositor per bank if the bank fails.

What happens if I withdraw early?

Most banks pay reduced or no interest on premature withdrawals. Some FD products allow partial withdrawal without losing all interest.

Should I choose a longer tenure?

Longer tenures sometimes offer slightly higher rates but lock your money up longer. Some savers ladder several FDs with staggered maturity dates.

Sources & last reviewed

Figures on this page were last reviewed on 5 July 2026 against official Malaysian sources for YA 2025. Always confirm the current figure at the source before acting:

Bank Negara Malaysia - banking and lending information

Reviewed by the KiraDuit editorial team.

Figures are estimates for general guidance only, not financial advice. Rates verified 2026. Always confirm with the relevant authority before making a decision.