Where to Park Your Idle Cash? (As of June 18, 2026)
Fixed deposits (FD) remain one of the safest and most reliable ways to grow your savings. If you have some extra cash ready to be put aside, checking the latest promotional rates across different financial institutions is a smart move.
To make comparing rates easy, we’ve organized the latest Fixed Deposit promotions and rates (current as of June 18, 2026) into clear picture based on the deposit tenure.
Short Term Option ( 1-6 months)
Medium to Long Term Option: (7-24 Months)
## 🏆 Conclusion: Which One is the Best?
Depending on your preferred tenure, deposit amount, and whether you are placing fresh funds, here is the final verdict:
* **🥇 Best Overall Returns (6-Month & 12-Month Tenure):** **Bank Islam** takes the top spot. By placing your deposit **online**, you can secure an outstanding **3.80% p.a.** for 6 months and **3.88% p.a.** for 12 months with a very accessible minimum threshold of just RM,1000.
* **🥈 Strong Runners-Up (Fresh Funds):** If you have fresh funds to deploy, both **MBSB** (3.73% for 6M, 3.75% for 12M) and **OCBC** (3.70% for 6M, 3.75% for 12M) offer very competitive rates, though OCBC requires a higher minimum of RM10,000.
* **💸 Most Accessible & Low Minimum Entry:** * If you want to start small, **AEON Bank** allows placements starting at just **RM200** via their app (though the rate is a conservative 3.08% p.a.).
* For standard promotions, **Hong Leong Bank, CIMB, AmBank, and Maybank** allow you to lock in competitive rates between 3.40% and 3.65% with a low minimum deposit of **RM1,000** (mostly requiring online FPX transfers from other accounts).
* **⚡ Best for Flexibility (Short-Term Liquid Cash):** **GXBank** allows you to put money into "Bonus Pockets" (up to 4 pockets of RM12,500 each) yielding **3.18%** (3 months) or **3.55%** (6 months). The great advantage here is that 2% of the interest is credited daily, offering flexibility if you might need to touch the funds earlier.
*Disclaimer: Be sure to double-check fund origin requirements (i.e., whether the account specifies "Fresh Funds" vs. rollover funds) and ensure you place your deposits via the designated digital apps or bank counters before the respective campaign end dates.*
Medium to Long Term Option: (7-24 Months)