Updated July 2026. This was a February 2026 snapshot and the rates below have moved. The biggest change: KDI Save cut its rates on 16 June 2026, and the top tier now requires you to hold a balance in KDI Invest. Cash-only savers earn 2.88%, not 4%. Ryt's base is now 2.05% with the bonus capped at the first RM20,000. For a current, fully-dated comparison, see the best money market funds in Malaysia, which is the maintained version of this list.
I have decided to make post like this from time to time to update places that can park money, this is mostly for myself, so I will update as frequently as I personally need it.
Most platform only offering “special interest” for a fixed period or during a promotional campaign, so this post is to keep track of places with good interest rate.
What qualifies to be in this post?
- Has to be liquid (accessible within 3 business day)
- No expose to significant market risk
- Licensed and regulated platform in Malaysia
- Malaysian Ringgit based
- At least matching the OPR interest rate or above
- No stupidly complex product / “missions to unlock higher rate” bullshit
Let’s get straight into it.
Rate Guaranteed platform
- KDI Save – 2.88% base, or 3.88% for the first 50K and 3.38% above it if you hold a qualifying balance in KDI Invest
- The old unconditional 4% ran from 2023 until 16 June 2026. It is gone
- Ryt Bank – 2.05% base, plus 1.95% bonus on the first 20K only
- Requires to make few transactions monthly with the card, somewhat annoying
No Guaranteed Rate (Usually MMFs)
- Webull Moneybull – AHAM Aiiman Enhanced i-Profit Fund ~3%
- They do have promo of 6% from time to time for first 50K~200K
- Moomoo Cash Plus – Multiple MMFs ~3%
- Like Webull they also have 6% promo for new member
- Versa Save – AHAM Enhanced Deposit Fund ~3%
- StashAway Simple
- TNG Go+
- FSMOne – Variety of MMFs ~3%
For the current numbers, my money market fund comparison is fully rebuilt and dated, and it covers withdrawal times and PIDM status alongside the rates.
Now if I missed anything please let me know, I’ll happy to update this list.
