Last updated: July 2026
Short answer: every MM2H tier requires a fixed deposit at an approved Malaysian bank, and after your visa is endorsed you can withdraw up to 50% of it for three approved purposes: buying property in Malaysia, your children’s education, or medical expenses. The other 50% must stay in place for as long as you hold the visa, and it has to be topped back up to the full amount at renewal if you have drawn it down.
Fixed deposit amount by tier
The amount depends on which of the four MM2H tiers you apply under.
| Tier | Fixed deposit |
|---|---|
| SEZ (Forest City / Johor-Singapore Special Economic Zone) | USD 65,000 (age 21–49) or USD 32,000 (age 50+) |
| Silver | USD 150,000 |
| Gold | USD 500,000 |
| Platinum | USD 1,000,000 |
Which banks
The deposit has to sit at a Malaysian bank approved for MM2H placements — among them Maybank, CIMB, Public Bank, RHB, and AmBank. Rates vary bank to bank and move with the market; MYR fixed deposit rates for this kind of placement have generally sat around 2.8%–3.5% a year. A licensed agent can point you to the bank currently offering the better rate for your placement size, since this changes.
Frequently asked questions
When can I withdraw the 50%?
Any time after your visa is endorsed in your passport, provided it goes toward one of the approved purposes: Malaysian property purchase, your children’s education, or medical expenses.
Do I have to spend the withdrawn amount straight away?
The withdrawal has to be tied to a specific approved use — it is not a free cash-out. Property purchases in particular have their own paperwork and timing tied to the transaction.
What happens if I don’t top the deposit back up?
At renewal, the fixed deposit balance has to be back at the required minimum for your tier. An insufficient balance is grounds for the pass not being renewed.
Is the interest on the fixed deposit taxed?
No. Interest earned on the MM2H fixed deposit is not taxed. See our related post on MM2H tax on foreign income for how this fits with the broader tax picture.
Can I choose any bank I like?
No, it has to be one of the banks approved for MM2H placements. Ask your agent for the current approved list before you commit, since approvals and rates can change.
This is general information, not financial advice. Fixed deposit rules and approved banks can change — confirm current details with a licensed agent before placing your deposit. Ask us first — the first conversation with our licensed team costs nothing. WhatsApp +60 10-351 9155