RHB Fixed Deposit Rate: Latest 2025 Rates in Malaysia

If you’ve been researching where to park your savings in Malaysia, you’ve probably noticed that fixed deposit rates change more often than most people check. RHB Bank adjusted its Senior Fixed Deposit rate twice in just a few months during 2025 — and if you’re trying to figure out whether their current offer is worth your time, those mid-year swings matter. This guide lays out exactly what RHB is offering right now, how it stacks up against other banks, and what you should know before you sign anything.

Ordinary FD 1 Month Rate: 1.75% p.a. · Ordinary FD 3 Month Rate: Up to 2.05% p.a. · Minimum Deposit Ordinary FD: RM500 · P.A.Y.S. FD Rate: Up to 1.95% p.a. · Senior FD Focus: Dedicated plans available

What is the current RHB FD rate?

As of 18 September 2025, the RHB Senior Fixed Deposit offers 2.05% p.a. for a 12-month placement — down from the 2.40% that briefly appeared in July 2025. That mid-year spike and retreat illustrates exactly how quickly board rates can move, making it worth checking RHB’s official site or your online banking portal before committing.

Ordinary Fixed Deposit Rates by Tenure

RHB’s ordinary fixed deposit range spans 1 to 60 months with a minimum deposit of RM500. The 1-month rate sits at 1.75% p.a., while longer terms up to 12 months reach approximately 2.05% p.a. These figures are confirmed across multiple aggregator sites as of early 2026.

P.A.Y.S. Fixed Deposit Rates

The P.A.Y.S. (Progressively Achieving Your Savings) FD product targets customers with larger initial deposits — a minimum of RM10,000 for a 3-month term. The P.A.Y.S. rate caps out at 1.95% p.a., which is slightly below the senior FD board rate but offers a shorter commitment window.

Recent Rate Revisions

Two official PDFs document RHB’s 2025 rate journey: H20250701-2 confirms the July 2025 hike to 2.40% for 12 months, while H20250917-1 records the reversal back to 2.05% around 17 September 2025. Both documents originate from RHB’s own announcements, making them Tier 1 sources.

What is the Fixed Deposit rate for senior citizens at RHB?

RHB specifically designs its Senior Fixed Deposit for customers aged 50 and above, whether as individual account holders or joint account holders where at least one person meets the age requirement. The product’s headline rate of 2.05% p.a. applies to 12-month tenures, but longer placements enter negotiable territory.

Senior Fixed Deposit Plans

The RHB Senior FD requires a minimum placement of RM10,000 with tenures ranging from 12 to 60 months. For deposits beyond 12 months, RHB quotes rates as negotiable — meaning customers with larger sums may be able to improve on the published board rate by contacting the bank directly or visiting a branch. The product also allows partial withdrawals in multiples of RM1,000, provided the remaining balance stays above the RM10,000 minimum.

Eligibility and Benefits

Both Malaysian residents and non-residents qualify for the Senior FD if they meet the age threshold. RHB’s official product page notes that seniors can access flexible monthly payouts and potentially negotiate higher returns — a feature particularly appealing for retirees who want regular income rather than a lump-sum payout at maturity.

Which bank has the highest FD rate right now?

RHB’s current Senior FD at 2.05% p.a. sits comfortably below several competitors targeting the same senior demographic. BSN Term Deposit Senior Citizen, for instance, offers 3.05% p.a. for the same 12-month tenure — a full percentage point higher than RHB’s board rate.

Top Malaysian Banks Comparison

Looking at board rates across major Malaysian banks, Alliance Bank leads with rates up to 2.45% for certain tenures. Public Bank and Standard Chartered fall in the 1.75%–2.15% range for ordinary FDs. However, promotional rates tell a different story: MBSB Bank is currently advertising up to 3.75% p.a. for a 12-month term (with fresh funds minimum of RM1,000, running until 31 May 2026), while Public Bank’s eFD promo offers 3.60% p.a. under similar conditions.

RHB vs Competitors

RHB’s senior FD board rate of 2.05% trails both the highest board rates (Alliance Bank at 2.45%) and the current promotional leaders. The gap is meaningful: placing RM50,000 for 12 months at RHB’s 2.05% earns roughly RM1,025 in interest, while the same amount at MBSB’s 3.75% promo rate would earn around RM1,875. That difference of RM850 over one year is worth factoring into your decision.

The implication: for depositors prioritizing guaranteed access to published rates without time pressure, RHB’s stability contrasts sharply with competitors whose best offers vanish after June 2026.

Which bank has a high Fixed Deposit rate in Malaysia?

The highest publicly advertised fixed deposit rates in Malaysia for 2025–2026 come from Islamic banks and promotional offers rather than conventional board rates. Al Rajhi Bank, for example, ranges from 2.65% to 3.35% p.a. on its general Islamic FD products — figures that exceed most conventional bank offerings.

2025–2026 Best FD Rates

Aggregators including RinggitPlus and StashAway list current bank FD rates updated through early 2026. The top performers for board rates are Alliance Bank (up to 2.45%), followed by RHB and Public Bank in the 2.05%–2.15% range for standard tenures. Islamic banks like Al Rajhi and Bank Islam consistently post higher rates than their conventional counterparts.

Factors Affecting Rates

Fixed deposit rates in Malaysia respond to the Bank Negara Overnight Policy Rate (OPR), which influences each bank’s cost of funds. Banks with aggressive deposit-gathering strategies — typically smaller institutions like MBSB, Alliance, and Al Rajhi — tend to post higher board rates or more frequent promotions. RHB, as a major bank, maintains rates that reflect its broader funding base rather than aggressive competition for deposits.

How safe is an RHB Fixed Deposit?

For most Malaysian FD customers, safety is as important as the interest rate. RHB Bank is a member of Perbadanan Insurans Deposit Malaysia (PIDM), which means deposits up to RM250,000 per depositor per bank are protected in the event of a bank failure. This coverage applies to RHB’s conventional fixed deposit products.

Security Features

RHB’s Senior FD and ordinary FD products carry the same PIDM protection as other member banks. The protection is automatic and free — no action is required from the depositor. PIDM coverage means that if RHB were ever unable to return your deposit, you would receive up to RM250,000 of your principal and accrued interest back.

Regulatory Protection

The main exceptions to PIDM coverage in Malaysia are Bank Rakyat (government-backed) and some Islamic banking products structured differently. RHB’s Senior Fixed Deposit falls squarely within PIDM’s coverage framework, making it comparable in safety to deposits at other major Malaysian banks. For seniors specifically, the additional feature of partial withdrawals in RM1,000 multiples (maintaining the RM10,000 minimum balance) adds practical liquidity without sacrificing the core safety net.

This means depositors can trust that their principal and interest are protected against bank insolvency, though market-linked investments sold alongside deposits remain outside this safety net.

Across six banks offering competitive Senior FD or senior-friendly FD options, rates range from 2.05% to 3.75% depending on whether promotional terms apply. The table below breaks down how each institution stacks up on key metrics.

The comparison makes clear that promotional rates from MBSB and Public Bank dominate the upper end, but those offers carry expiration dates that board rates like RHB’s do not.

Three distinct RHB FD variants serve different customer segments — from the accessible ordinary FD at RM500 minimum to the senior-specific product with flexible payout options and negotiable rates for larger deposits. The specifications below show how each product differentiates.

The pattern shows RHB intentionally segments its FD lineup: the ordinary product maximizes accessibility with a low entry threshold, the senior product trades higher minimums for income flexibility, and P.A.Y.S. targets savers who prefer shorter lock-in periods.

The catch: senior depositors who value certainty over negotiation should weigh whether RHB’s stability and flexibility advantages outweigh the 1–1.7 percentage point gap versus top promotional offers.

The standout feature of the RHB Senior Fixed Deposit Plan is that it offers flexible monthly rates paid out to customers. Beyond that, you can negotiate higher returns.

— RHB Group, Official Bank Statement (RHB Learn — Senior FD product overview)

If you’re aged 50 and above, the BSN Term Deposit Senior Citizen could be a good fixed deposit account to consider. It offers a respectable 3.05% p.a. rate.

— iMoney, Financial Comparison Site (iMoney — Best fixed deposits guide)

The implication: RHB’s Senior FD is a solid, straightforward choice for customers already using RHB for other services — especially retirees who value monthly payouts and the ability to withdraw small amounts without breaking the deposit. However, if maximizing interest is the priority, BSN’s 3.05% or current promotional offers from MBSB and Public Bank deliver better short-term returns. The difference is most pronounced for larger deposits, where the rate gap translates to hundreds of ringgit per year.

Related reading: POSB Savings Account Interest Rate

Savers tracking RHB fixed deposit comparisons will note how RHB’s 1.75% one-month rate aligns with broader promotional trends across top banks.

Frequently asked questions

For Malaysian investors aged 50 and above, the choice between RHB’s Senior Fixed Deposit and higher-yielding alternatives hinges on a single question: do you need the features RHB offers (monthly payouts, partial withdrawal flexibility, relationship-based negotiation) more than you need the extra 1–1.5% annual return? Placing RM50,000 into RHB’s 2.05% when BSN is offering 3.05% costs you roughly RM500 per year for every RM10,000 deposited — a gap worth running the numbers on before you sign.