Best e-Fixed Deposit Malaysia 2026: Highest eFD Rates and Online Promotions Compared

The Raya 2026 eFD window is nearly closed. As of April 22, CIMB and AmBank's Raya promos have 8 days left — if you act before April 30, you can still get 3.60–3.68% p.a. After that, Public Bank's eFD FPX at 3.55% (6 months, min RM5,000, runs until June 30) is the best accessible rate for the rest of Q2. No existing Public Bank account required — fund from any Malaysian bank via FPX.

Current eFD Rates at a Glance (April 22, 2026)

Sources: rates.my, individual bank official campaign pages. Verified April 22, 2026. ⚠️ CIMB, AmBank and Maybank Raya promos expire April 30 — Public Bank eFD FPX continues to June 30. Check official bank sites before placing.

One note before we go further: CIMB also offers a Term Investment Account-i (TIA-i) at 3.70% — higher than the eFD-i — but TIA-i is NOT a deposit product and is NOT PIDM insured. More on that below. Don't mix them up.

What Is an e-Fixed Deposit, Exactly?

An e-Fixed Deposit is a standard fixed deposit placed entirely online — through your bank's app or internet banking portal — rather than at a branch counter. The underlying product is legally identical to a physical FD: you lock your money for a fixed tenure, earn a set interest rate, and get your principal plus interest back at maturity.

The reason to care about eFDs specifically is promotional pricing. Banks use eFD campaigns to attract new funds during certain periods — Raya, CNY, year-end — and the online-only rates can be meaningfully higher than branch rates. Right now, CIMB's eFD-i pays 3.60% for 6 months. Their standard board rate for a 6-month physical FD? Around 1.85%. That's a 1.75 percentage point difference for doing the same thing online instead of in person.

eFDs also tend to have lower minimum deposits during campaign periods (RM1,000 vs RM5,000+ for branch placements) and you can place them at 11pm from your couch. The downside: promo rates are time-limited and auto-renew at the lower board rate unless you act at maturity.

The Raya Window: What's Live, What Just Expired

Still Active — Act Before April 30

CIMB eFD-i Raya 2026 offers 3.60% for 6 months and 3.55% for 12 months, with a minimum of RM1,000. Place via CIMB Clicks or the CIMB OCTO App using FPX from any Malaysian bank. Campaign rates apply for one cycle only — on renewal, it drops to the prevailing board rate. Check CIMB's eFD page directly for current T&Cs.

AmBank Raya E-FD edges ahead on the 12-month rate at 3.68%, with the same RM1,000 minimum. Also expires April 30. If you're comfortable locking for a full year, AmBank is the better pure return right now. For a shorter commitment, CIMB's 6-month at 3.60% beats AmBank's 6-month equivalent.

Maybank eIFD-i Raya 2026 sits at 3.55% for both 6 and 12 months. Strong rate, but with CIMB offering 3.60% for 6 months and AmBank at 3.68% for 12 months — both at the same RM1,000 minimum — Maybank isn't the top pick here. That said, if you already hold a Maybank account and don't want to set up a new banking relationship, 3.55% is still a solid return.

Running Longer — Public Bank eFD FPX

Public Bank's eFD via FPX campaign runs until June 30, 2026 — well after the other Raya promos close. Rate is 3.55% for 6 months, with a higher minimum of RM5,000. The FPX mechanism means you don't need an existing Public Bank account: you transfer directly from your bank via FPX. If you miss the April 30 deadline, this is your best accessible rate for the rest of Q2.

Already Expired — Hong Leong Bank

HLB's Hari Raya eFD promotion (16 March – 16 April 2026) offered rates as high as 3.65% for 12 months. It's over. HLB's current board eFD rates are 1.60% (1 month) up to 2.10% (13–60 months) — useful for context on how large the promo premium actually was, but not competitive right now. HLB's eFD does have one genuinely useful feature regardless of promo status: partial withdrawal in RM1,000 multiples while keeping interest on the remaining balance. No other major bank offers this on FDs.

eFD vs Physical FD: Is the Rate Premium Real?

Yes, and it can be significant. During the current Raya cycle:

• CIMB eFD-i 6-month promo: 3.60% p.a.
• CIMB physical FD 6-month board rate: ~1.85% p.a.
• Difference: +1.75 percentage points for going online

On RM10,000 for 6 months, that's roughly RM88 in additional interest just for using the app instead of the branch counter. Outside of promotional periods, the difference shrinks to 0.05–0.15% — but during campaign windows like this one, the premium is material.

Looking for non-FD savings options that earn more? Our best high-yield savings account guide covers digital banks like GXBank (up to 4.00% for 6-month Bonus Pockets) where your funds stay liquid.

The PIDM Question: eFD vs TIA-i

CIMB is currently running two products side by side that look similar but are legally very different:

• CIMB eFD-i — Fixed deposit. Up to 3.60% p.a. PIDM insured up to RM250,000. ✅
• CIMB TIA-i — Investment account tied to underlying assets. Up to 3.70% p.a. NOT PIDM insured. ⚠️

CIMB's own campaign page explicitly states: "Term Deposit Accounts-i is an investment account product that is tied to the performance of underlying assets, and is NOT a deposit product." The TIA-i may offer a marginally higher rate, but you're taking on investment risk and losing deposit insurance coverage. For most savers, the extra 0.10% isn't worth the trade-off. Stick with the eFD-i.

All eFD products listed in our comparison table above — CIMB eFD-i, AmBank, Maybank eIFD-i, Public Bank — are genuine deposit products and are PIDM protected up to RM250,000 per depositor per bank.

How to Open an eFD Online: Step-by-Step

CIMB eFD-i (via CIMB OCTO App or Clicks Web)

1. Log in to CIMB OCTO App or CIMB Clicks at clicks.cimb.com.my
2. Go to Accounts → Fixed Deposit → eFD-i
3. Select tenure (3, 6, or 12 months) — the Raya promo rate will show automatically during the campaign period
4. Enter amount (minimum RM1,000)
5. Choose funding source: your CIMB account, or FPX from another bank
6. Review and confirm — your eFD is placed immediately

AmBank Raya E-FD (via AmOnline or AmBank Mobile)

1. Log in to AmOnline or the AmBank Mobile app
2. Navigate to Accounts → Deposits → eFixed Deposit
3. Select 12-month tenure for the 3.68% rate
4. Minimum RM1,000 — fund from your AmBank account
5. Confirm placement

Public Bank eFD via FPX (no existing PBB account needed)

1. Visit PBeBank.com or use the PB engage app
2. Select Apply → Fixed Deposit → eFD via FPX
3. Enter amount (minimum RM5,000)
4. Select FPX as funding source — choose your bank from the list
5. Complete FPX authentication in your own bank's app
6. Placement confirmed — you'll receive a confirmation reference number

Our Verdict

Our Pick (ongoing, post-April 30): Public Bank eFD FPX at 3.55% p.a. — 6-month tenure, RM5,000 minimum, PIDM protected, FPX-funded from any Malaysian bank. Runs until June 30, 2026. The most reliable high-rate option for the rest of Q2.

Still have until April 30? Act this week instead:

• 6-month: CIMB eFD-i at 3.60% p.a. — RM1,000 minimum. Higher rate than Public Bank, lower minimum, same PIDM protection. Best short-commitment pick if you can place by April 30.
• 12-month: AmBank Raya E-FD at 3.68% p.a. — RM1,000 minimum, also expires April 30. Best pure return available anywhere in this cycle if you can commit a full year.

For context: compare our full best fixed deposit rates roundup if you're also considering branch placements or smaller banks with higher promotional rates.

Last updated: April 22, 2026. Rates verified from official bank campaign pages and rates.my. CIMB/AmBank Raya promos expire April 30; Public Bank eFD FPX runs to June 30. Promotional rates are time-sensitive — confirm at official bank sites before placing.