RHB Fixed Deposit Rate: Current Rates & Comparisons

If you’re a Malaysian aged 50 or above, you’ve probably noticed that banks have been quietly adjusting their fixed deposit rates over the past year—and that’s no coincidence with Bank Negara Malaysia cutting the Overnight Policy Rate to 2.75% in 2026. RHB Bank currently offers its Senior Fixed Deposit at 2.05% p.a. for 12-month tenures, but the landscape is more complicated than a single number suggests. This guide lays out the official RHB rates, how they stack up against promotional offers from CIMB, Public Bank, and BSN, and what to watch if you’re planning your retirement income.

Ordinary FD 1 Month Rate: 1.75% p.a. · Ordinary FD 2 Months Rate: 1.75% p.a. · Ordinary FD Max Rate: Up to 2.05% p.a. · P.A.Y.S. FD Rate: Up to 1.95% p.a. · Min Deposit Ordinary FD: MYR 500

What is the RHB fixed deposit rate?

RHB Bank operates three main fixed deposit products for individual investors: the Ordinary Fixed Deposit, the P.A.Y.S. Fixed Deposit, and the Senior Fixed Deposit. Each targets a different customer segment and carries distinct terms. The Ordinary FD, available to any Malaysian resident, requires a minimum placement of RM500 and offers rates between 1.75% and 2.05% p.a. depending on tenure (Versa FD comparison). The P.A.Y.S. (Periodic Amount-Yield Scheme) FD targets wealth-building customers and delivers up to 1.95% p.a. for a 3-month tenure with a minimum of RM10,000 (RHB Online Banking). For seniors aged 50 and above, RHB’s dedicated Senior FD product offers 2.05% p.a. for a 12-month tenure—the highest published rate across all RHB FD products currently.

Ordinary Fixed Deposit Rates

• Minimum deposit: RM500 (Versa FD comparison)
• Tenure range: 1 month to 60 months
• Top rate: 2.05% p.a. for 12-month placements (RHB Ordinary FD page)
• 1–2 month tenures: 1.75% p.a.

P.A.Y.S. Fixed Deposit Rates

• Minimum deposit: RM10,000
• Available tenure: 3 months
• Rate: Up to 1.95% p.a. (RHB Online Banking)
• Ideal for customers who want a fixed return on a larger lump sum over a short period

Senior Fixed Deposit Rates

• Minimum deposit: RM10,000 (RHB Bank)
• Tenure range: 12 to 60 months
• 12-month rate: 2.05% p.a. (RHB Bank)
• Rates for tenures beyond 12 months are reportedly negotiable on request (RHB Bank)

The implication: RHB’s published senior rate of 2.05% p.a. sits above its ordinary FD maximum, making it meaningfully better for retirees—but promotional rates from competing banks can still outperform it significantly.

What is the current RHB FD rate?

The most recent official RHB rate revision occurred on 17 September 2025, when the bank adjusted its published fixed deposit schedules. According to data from RHB’s online banking platform, the Ordinary FD rate for 12-month tenures stands at up to 2.05% p.a., while the P.A.Y.S. FD caps at 1.95% p.a. for 3-month placements (RHB Online Banking). A previous RHB promotional campaign offering 3.60% p.a. for 6-month tenures was discontinued on 25 February 2026, according to an official RHB announcement PDF (RHB Official Announcement). The discontinuation of that campaign marks a notable step down in what RHB has offered recently.

Recent Rate Revisions

• RHB rate revision date: 17 September 2025
• Previous promotional 6-month rate: 3.60% p.a. (discontinued 25 Feb 2026) (RHB Official Announcement)
• Current ordinary FD top rate: 2.05% p.a. 12 months
• P.A.Y.S. FD current ceiling: 1.95% p.a. 3 months

Tenure-based Rates

• 1–2 months: 1.75% p.a. (ordinary FD)
• 3 months: 1.95% p.a. (P.A.Y.S. FD)
• 12 months: 2.05% p.a. (senior FD and ordinary FD)
• Rates vary by tenure and product type; longer tenures generally offer higher returns

Online e-FD Rates

• RHB e-FD (online-fixed deposit) products carry rates aligned with ordinary FD schedules
• No separate published e-FD promotional rates currently active
• Online banking platform provides the most up-to-date rate explorer

What this means: RHB’s current published rates reflect a post-promotion baseline. Investors who missed the 3.60% campaign now face lower options unless they negotiate directly with the bank.

What is the fixed deposit rate for senior citizens at RHB?

RHB’s Fixed Deposit for Senior Citizens is designed specifically for individuals aged 50 and above, offering a published rate of 2.05% p.a. for 12-month tenures with a minimum placement of RM10,000 (RHB Bank). The product is available to Malaysian residents and non-residents meeting the age criteria, and joint accounts are permitted if at least one account holder is aged 50 or above (RHB Bank). Tenures range from 12 to 60 months, and partial withdrawals are allowed in multiples of RM1,000 provided the remaining balance stays above the RM10,000 minimum (RHB Bank). RHB’s learn page describes the senior FD as “ideal for retirement planning up to 60 months,” emphasizing stable returns and peace of mind (RHB Learn page).

Senior FD Eligibility

• Age requirement: 50 years and above (RHB Bank)
• Account type: Single or joint accounts (at least one holder aged 50+)
• Residency: Malaysian residents and non-residents eligible
• No separate promotional rates exclusively for seniors currently published

Preferential Rates

• Published 12-month rate: 2.05% p.a. (RHB Bank)
• Rates for tenures beyond 12 months: reportedly negotiable
• Monthly interest payout options available for retirees needing regular income
• RHB rates reportedly lower than some competitor promo rates but positioned as stable for long-term planning (RHB Learn page)

Application via Online Banking

• RHB senior FD can be opened and managed through RHB’s online banking platform
• Joint account applications may require branch visit for verification
• Rate explorer tool available at onlinebanking.rhbgroup.com

Which bank has a high fixed deposit rate in Malaysia?

Comparing RHB against the broader Malaysian FD market reveals a significant spread between base rates and promotional offers. RHB’s ordinary and senior FD top rates of 2.05% p.a. sit well below current promotional rates from several competitors. CIMB’s TIA-i Raya 2026 promotion offers 3.70% p.a. for 12 months with a minimum of RM1,000 until 30 April 2026 (Loanstreet Best FD comparison). Hong Leong Bank’s eFixed Deposit promotion offers 3.65% p.a. for 12 months from 16 March to 16 April 2026 (Loanstreet Best FD comparison). Public Bank’s eFD promo delivers 3.60% p.a. for 12 months with deposits between RM5,000 and RM2 million, running until 30 June 2026 (Loanstreet Best FD comparison). Alliance Bank’s eFixed Deposit reaches up to 2.45% p.a. for select tenures and minimum deposits (StashAway FD Rates). For seniors specifically, BSN Term Deposit offers reportedly up to 3.05% p.a. for customers aged 50 and above—materially higher than RHB’s published senior rate (iMoney Best FDs). MBSB Bank has also advertised promotional rates up to 6.88% p.a. for 3-month deposits of RM20,000 minimum until 30 April 2026 (StashAway FD Rates), though such unusually high rates warrant careful verification before committing.

Top Malaysian FD Rates

• CIMB TIA-i Raya 2026: 3.70% p.a., 12 months, min RM1,000, until 30 Apr 2026 (Loanstreet Best FD comparison)
• BSN Senior Citizen: reportedly up to 3.05% p.a. for age 50+ (iMoney Best FDs)
• Hong Leong eFD: 3.65% p.a., 12 months, min RM1,000, until 16 Apr 2026 (Loanstreet Best FD comparison)
• Public Bank eFD: 3.60% p.a., 12 months, until 30 Jun 2026 (Loanstreet Best FD comparison)
• RHB Senior FD: 2.05% p.a., 12 months, min RM10,000 (RHB Bank)

RHB vs Competitors

RHB’s published senior rate of 2.05% p.a. falls 1.65 percentage points below CIMB’s promotional offer—a meaningful gap for anyone placing RM50,000 or more. The trade-off is that promotional rates carry expiry dates and eligibility conditions, while RHB’s rate is consistently available year-round. For retirees who missed a promotional window or who prefer not to juggle rolling FD renewals, RHB’s stability holds genuine value. However, the data is clear: competitive promotional offers currently outperform RHB’s published rates by a substantial margin.

2026 Projections

Malaysia’s Overnight Policy Rate was cut to 2.75% from 3.00% in early 2026 (StashAway FD Rates), and analysts reportedly expect FD rates across the industry to decline further as banks reprice their deposit products. Promotional offers like those from CIMB, Hong Leong, and Public Bank are time-limited interventions rather than structural changes. The implication: fixed deposit investors should not expect promotional rates to become the new normal, and locking in longer-term FDs now—before any further OPR reductions—could protect existing returns.

How safe is an RHB fixed deposit?

All RHB fixed deposits—whether ordinary, P.A.Y.S., or senior—carry protection under the Perbadanan Insurans Deposito Malaysia (PIDM) scheme, which covers deposits up to RM250,000 per depositor per bank (RinggitPlus FD overview). This means that if RHB Bank were to fail—a remote scenario for one of Malaysia’s larger commercial banks—each depositor’s total holdings up to RM250,000 would be protected. The PIDM protection applies across all listed FDs except Bank Rakyat, which is a government institution outside the scheme (RinggitPlus FD overview). RHB itself is a well-established bank with a significant presence across Malaysia’s retail and commercial banking sectors, and its fixed deposit products are among the most frequently referenced products in independent rate aggregators (Versa FD Rates), suggesting consistent institutional backing and reliable published data.

PIDM Protection

• PIDM coverage: Up to RM250,000 per depositor per bank (RinggitPlus FD overview)
• Coverage applies to all RHB FD products: Ordinary, P.A.Y.S., and Senior FD
• Bank Rakyat is the only exception among major Malaysian FD issuers (government-backed, not PIDM-protected)

Bank Stability Signals

• RHB is one of Malaysia’s nine banking groups licensed under BNM oversight
• Published rates verified across multiple independent aggregators: Versa, RinggitPlus, StashAway
• RHB’s rate consistency (1.75%–2.05% across multiple sources) signals stable institutional pricing

Risk Factors

FD risk is primarily counterparty risk—the risk that the bank fails to return your principal. PIDM protection mitigates this for amounts up to RM250,000. The second risk is opportunity cost: locking money in a 2.05% p.a. FD when promotional rates from CIMB (3.70%) or BSN (reportedly 3.05%) are available means foregoing meaningful interest income. For seniors on fixed incomes, this opportunity cost is not abstract. A RM100,000 placement at 3.70% versus 2.05% yields a difference of RM1,650 in annual interest—real money for a retiree budget. The third risk is liquidity: FD penalties apply for early withdrawal, so funds needed for medical emergencies or living expenses within the tenure period should not be placed in longer-term FDs.

The trade-off: RHB’s FD products offer strong capital safety within PIDM limits, making them suitable for risk-averse seniors who prioritize preservation of principal over maximizing returns. However, the opportunity cost is tangible—active comparison shoppers can find rates that generate substantially more income annually.

Here’s how the main players stack up across key comparison metrics for anyone evaluating senior FD options in April 2026.

“Malaysia’s Overnight Policy Rate (OPR) has been cut to 2.75%, down from 3.00%, in a move aimed at supporting economic growth.”

— StashAway (Financial Platform), StashAway Malaysia FD Rates

“With the launch of this new campaign, please be informed that the previous 6 Months campaign offering rates of 3.60%p.a. will be discontinued.” For the most up-to-date information on mortgage interest rates in Italy, you can refer to $Tassi di interesse sui mutui in Italia.

— RHB Bank (Official Announcement), RHB Official Announcement PDF

RHB’s Fixed Deposit for Senior Citizens serves a specific need: accessible, stable, and government-protected savings for Malaysian retirees who prioritize safety over maximizing returns. At 2.05% p.a. for 12 months, the published rate offers predictability that time-limited promotional products cannot match. However, the broader FD market in Malaysia as of April 2026 tells a more complicated story. CIMB’s 3.70% promotional rate, BSN’s reportedly 3.05% senior-specific offer, and Public Bank’s 3.60% promotion all outperform RHB’s published ceiling—some by a substantial margin. Malaysia’s OPR cut to 2.75% signals that FD rates across the industry are likely to face further downward pressure, making the current promotional windows potentially valuable closing opportunities rather than routine marketing.

For retirees aged 50 and above, the choice is practical and immediate: commit funds to a promotional FD before the April–June 2026 expiry dates, or lock into RHB’s stable-but-lower base rate knowing the bank is consistently available year-round. The math favors chasing the promotional rates for those who can meet eligibility and min deposit requirements—BSN, for example, offers a reportedly higher rate than RHB without time pressure. But for seniors who prefer one relationship with one bank and value simplicity over optimization, RHB’s senior FD remains a credible, PIDM-protected option with acceptable returns.