Interest Rate on Bank Deposits (Local Currency) in Malaysia

Interest rate on bank deposits reached 2.92 % in 2017 in Malaysia, according to the National Central Bank. This is 3.42 % less than in the previous year.

Historically, interest rate on bank deposits in Malaysia reached an all time high of 9.75 % in 1982 and an all time low of 2.08 % in 2009. When compared to Malaysia's main peers, interest rate on bank deposits in Cambodia amounted to 1.53 %, 0.140 % in Singapore, 1.29 % in Thailand and 4.78 % in Vietnam in 2017.

Malaysia has been ranked 66th within the group of 114 countries we follow in terms of interest rate on bank deposits, 62 places above the position seen 10 years ago.

The deposit interest rate is the rate paid by commercial or similar banks for deposits.

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