Banks in Malaysia and Hong Kong offer competitive fixed deposit rates

Banks in Malaysia and Hong Kong are offering various fixed deposit promotions and high-interest rates to attract customers.

In Malaysia, several institutions have announced competitive rates for October 2026. Maybank offers up to 3.93% p.a. for 12-month deposits, while Affin Bank and Bank Rakyat provide rates reaching 3.93% and 3.95% p.a. respectively. MBSB and Alrajhi Bank also feature rates around 4.00% p.a. for specific terms. Most Malaysian promotions require deposits via online banking or specific mobile applications.

In Hong Kong, banks are utilizing non-interest incentives to compete. Ping An Bank is offering a 12% annual interest rate for the first HKD 100,000 on 1-month deposits for new customers, alongside cash rewards and food vouchers. China CITIC Bank International is providing flight ticket rewards for large-scale deposits, with destinations including Bangkok, Singapore, Tokyo, Seoul, London, and Frankfurt. Fubon Bank and OCBC are also noted for competitive USD and HKD fixed deposit rates for various tenures.