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Fixed Deposit

Conventional

eFixed Deposit

Earn fixed rates while enjoying the ease of managing your fixed deposit account online

  • MINIMUM DEPOSIT

    RM1,000 to RM5,000

    *RM5,000 (for 1 month)
    *RM1,000 (for 2 months and above)

EN BM

Fixed Deposit Account Features

With this fixed deposit account, you get:

  • Better returns as fixed deposit account interest rates are higher compared to regular savings accounts
  • Greater convenience as new fixed deposit placements can be made anytime, anywhere via Maybank2u web. If you have an existing fixed deposit account, placements will be effective immediately
  • Easy application via Maybank2u web

*Protected by PIDM up to RM250,000 for each depositor

*Click here for PIDM's DIS Brochure

How To Apply

For all individuals with a Maybank account. Joint Account. Sole Proprietor.

Instructions for fixed deposit account application / placement:

Rates

What interest rates can you expect from us?

Tenure and interest rate combinations for our fixed deposit account:

TenureInterest Rate (% p.a.)

1 month

2.20

2 months

2.25

3 months

2.35

4 months

2.40

5 months

2.40

6 months

2.45

7 months

2.45

8 months

2.45

9 months

2.45

10 months

2.45

11 months

2.45

12 months

2.45

13 - 35 months

2.50

36 - 47 months

2.55

48 - 59 months

2.55

60 months

2.55


*With effect from 19 March 2025

All interest / dividend rates quoted may change without prior notice. Please contact the nearest Maybank branch for the latest rates

Computation of Interest

Computation of Interest shall be based on the number of days within the term of the deposit.

Unclaimed Moneys Act 1965

In accordance with the Unclaimed Moneys Act 1965 (revised 1989) the money in the Fixed Deposit account under Automatic Renewal shall be classified as Unclaimed Moneys if the Fixed Deposit account is not operated for a period of seven (7) years from date of deposit or date of last transaction, whichever is later.

 

Terms and Conditions on Fixed Deposit (FD) Premature Withdrawal

With effect from 1 January 2019 (“Effective Date”), the new premature withdrawal rule for all existing, renewed and new placements of Conventional Fixed Deposit are as follows :-

Immediate Fixed Deposit Premature Withdrawal (Without 31 days’ Notice Period)

  • No interest shall be paid on any immediate fixed deposit premature withdrawal (Without 31 days’ Notice Period) that has not completed its respective full tenure period.
  • Example of Immediate FD Premature Withdrawal Calculation:

Fixed Deposit Premature Withdrawal (With 31days’ Notice Period)

  • 50% of the contracted interest rate is payable when a ‘Notice Period’ of 31 days (inclusive of the day of notice) is given by the customer at the branch.
  • A notice in writing with the intention to premature the FD (With Notice Period) must be given to the branch.
  • Based on customer’s notice, the principal amount and the accrued interest will be credited on the day 32nd into customer’s desired current or savings account available at the Bank.
  • Customer must have a current or savings account with the Bank.
  • The accrued interest will be calculated daily up to the end of the ‘Notice Period’.
  • Once the notice is given, the customer is not allowed to change the instructions and uplift the Fixed Deposit until the end of the ‘Notice Period’.
  • Example of FD Premature Withdrawal Calculation:


Note:

For pre-mature uplifts, the interest paid upfront (if applicable) will be deducted from the principal amount.

Click here for more information on the New Premature Withdrawal Rule for Conventional Fixed Deposit

Click here for Conventional Frequently Asked Questions (FAQ)

Click here for Terms and Conditions Governing Banking Accounts

Click here for Sample Notice for FD Premature Withdrawal with 31 days' Notice Period

Product Comparison

ServicesFixed DepositeFixed Deposit

1st placement: creation of Fixed Deposit account (customers without a Fixed Deposit account)
  • Creation of Fixed Deposit account is done over the counter
  • Certificate will be issued to customer
  • Mode of payment for placement can be cash or debit banking account
  
  • Real time creation of Fixed Deposit account via maybank2u.com.my. The newly created account and placement details can be viewed immediately.
  • No certificate will be issued
  • Mode of payment for placement is only debiting the account linked to maybank2u.com.my
  • An 8-digit reference number ending with 'E' will be given

Subsequent placement (customers with an Fixed Deposit account)
  • Subsequent placement is over the counter (at the home branch)
  • Certificate will be issued to customer
  • Mode of payment for placement can be cash or debit banking account
  
  • Subsequent placement can be done online and debiting of account in real time
  • No certificate will be issued
  • Mode of payment for placement is only debiting the account linked to maybank2u.com.my
  • An 8-digit reference number ending with 'E' will be given

Upliftment
  • Upliftment can only be done over the counter (at the Home branch)
  • Mode of payment for upliftment can be cash, credit to account or banker's cheque
  
  • Only reference numbers with 'E' can be uplifted via maybank2u.com.my
  • Fixed Deposit with certificate needs to be uplifted over the counter (Home branch)
  • Mode of payment for upliftments can only be credited to account linked to maybank2u.com.my

Premature withdrawal
  • Premature withdrawal can be done over the counter for Fixed Deposits with certificates only
  • Premature withdrawal with reference number ending with 'E' can be uplifted via maybank2u.com.my only

 

ServicesFixed DepositeFixed Deposit

Partial withdrawal
  • Partial withdrawal can be done over the counter
  • Not available

Modification of Fixed Deposit details
  • Modification of Fixed Deposit details such as term, interest payment code or maturity handling can only be done over the counter (Home branch)
  • Modification of Fixed Deposit details such as term, interest payment code or maturity handling can be done over the counter (Home branch) and via maybank2u.com.my

Service availability
  • Normal banking hours over the counter
  • 6:00am till 10:00pm, 7 days a week including public holidays

Ex-Phileo Allied eOne customer
  • Customers with eOne accounts can place or uplift over the counter for Fixed Deposits with certificates
  
  • All eOne Fixed Deposit accounts will be converted to eFixed Deposit and all certificates will be converted to an 8-digit number that ends with 'E'.
  • Upliftment can be done via maybank2u.com.my

Joint account
  • Either one of the joint holders can withdraw upon presenting the Fixed Deposit cert at the counter
  
  • Either one of the joint holders is allowed to perform the uplilftment
  • Proceeds of Fixed Deposit can be credited to any of the joint holders' accounts (either joint/individual account linked to maybank2u.com.my)

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