PHNOM PENH — For expats looking to grow their savings securely in Cambodia, fixed deposits (also known as term deposits) offer one of the most reliable options. With interest rates significantly higher than savings accounts—and KHR deposits often outperforming USD—choosing the right bank and currency can make a substantial difference to your returns.
This guide compares the best fixed deposit rates from Cambodia’s leading banks for 2026, with practical advice tailored specifically for foreign residents.
Side-by-Side: Best USD Fixed Deposit Rates (12-Month Term)
| Bank | 12-Month USD Rate | Minimum Deposit | Mobile/Branch | Notes |
|---|---|---|---|---|
| ABA Bank | 4.25% | $100 | Mobile (app) | +0.5% promotional rate available |
| BIDC Bank | 4.50% | $100 | Both | Competitive for 12-month term |
| ACLEDA Bank | 3.45% | 100(mobile)/500 (counter) | Mobile (MB) | Lower than ABA/BIDC |
| PPCBank | 4.20% | Not specified | Both | Effective April 1, 2026 |
Key Takeaway for USD Deposits
BIDC Bank offers the highest 12-month USD rate at 4.50% , followed closely by ABA Bank at 4.25% (which can be opened entirely via its mobile app) .
Best KHR Fixed Deposit Rates (12-Month Term)
Key Takeaway for KHR Deposits
ABA Bank offers an exceptional 6.00% on 12-month KHR fixed deposits when opened through its mobile app—significantly higher than any competitor. This promotional rate is part of ABA’s strategy to encourage use of the national currency .
Rate Comparison by Term (USD)
Analysis by Term Length
- Short-term (3-6 months): BIDC Bank offers the most competitive short-term USD rates (4.20% at 6 months), significantly outperforming other banks .
- Medium-term (12 months): BIDC (4.50%) leads, followed closely by ABA (4.25%) .
- Long-term (24-36 months): BIDC again leads with 4.80% (24-month) and 5.00% (36-month) USD rates .
KHR vs USD: Which Currency Should You Choose?
| Currency | Best 12-Month Rate | Bank | Advantage |
|---|---|---|---|
| KHR | 6.00% | ABA Bank | +1.75% higher than USD |
| USD | 4.50% | BIDC Bank | Stable, no currency risk |
The KHR Premium
KHR deposits consistently offer higher interest rates—often 1-2% above USD equivalents. ABA Bank’s 6.00% KHR rate is a standout example . This premium is part of the National Bank of Cambodia’s strategy to promote use of the national currency and reduce dollarization.
The Trade-Off
- Choose USD if you need funds in dollars for future expenses (rent, international transfers, travel) or prefer stability.
- Choose KHR if you want maximum yield and are comfortable with potential currency fluctuations. Cambodia’s riel has remained relatively stable against the dollar for years, but past performance does not guarantee future results.
Requirements for Foreigners to Open a Fixed Deposit
Based on BIDC Bank’s published requirements (representative of most Cambodian banks) :
Standard Documents:
- Valid passport
- Valid visa (long-stay visa such as E-class or EB extension)
- Proof of residential address (rental contract, certificate of residential address, or employment contract showing at least 6 months remaining)
Other Requirements:
- Minimum age: 18 years
- Minimum deposit varies by bank (100 for ABA and BIDC, 500 for ACLEDA counter deposits)
Note: Some banks may require a physical visit to a branch for first-time foreign customers, even if they offer online account opening for locals.
Bank-by-Bank Analysis
ABA Bank – Best for Digital-First Expats
- Mobile USD rate (12-month): 4.25%
- Mobile KHR rate (12-month): 6.00%
- Minimum deposit: $100 or 400,000 KHR
- Pros: Highest KHR rate, fully digital process, additional 0.5% promotional rate on USD
- Cons: Rates are promotional and subject to change
BIDC Bank – Best for Long-Term USD Savers
- 12-month USD rate: 4.50% (counter)
- 24-month USD rate: 4.80%
- 36-month USD rate: 5.00%
- Minimum deposit: $100
- Pros: Highest USD rates across most terms
- Cons: Less digital-friendly than ABA; foreigner requirements clearly stated
ACLEDA Bank – Best for Wide Branch Network
- 12-month USD rate: 3.45% (mobile)
- 12-month KHR rate: 4.25% (mobile)
- Minimum deposit: 100(mobile)/500 (counter)
- Pros: Extensive nationwide branch network, trusted institution
- Cons: Lower rates than competitors
PPCBank – Solid Mid-Range Option
- 12-month USD rate: 4.20%
- 12-month KHR rate: 4.70%
- Effective from: April 1, 2026
- Pros: Competitive KHR rate, long-term options up to 60 months
- Cons: Minimum deposit not specified; less widely known than ABA or ACLEDA
Important Considerations for Expats
1. Withholding Tax
Interest earned on fixed deposits in Cambodia is subject to a 6% withholding tax, which the bank automatically deducts before crediting your account. Factor this into your expected net returns.
2. Early Withdrawal Penalties
Withdrawing funds before the maturity date typically forfeits all or most of the accrued interest. Some banks may also charge an administrative fee.
3. Promotional Rates
ABA’s mobile rates include a promotional component. Always confirm whether the advertised rate is a limited-time offer or standard rate .
4. Mobile vs. Counter Rates
Banks often offer higher rates for accounts opened via mobile apps (ABA, ACLEDA) to encourage digital adoption. Always compare both options .
5. Currency Risk
While the KHR-USD exchange rate has been stable, fluctuations can erode gains if you ultimately need funds in dollars.
6. Insurance
Cambodia does not have a deposit insurance scheme. For large deposits, consider spreading funds across multiple banks or using well-established institutions.
FAQ: Fixed Deposits for Expats in Cambodia
Q: Can foreigners open fixed deposit accounts in Cambodia?
A: Yes. Most banks allow foreigners to open fixed deposit accounts with a valid passport, long-stay visa, and proof of residential address .
Q: Which bank offers the highest USD fixed deposit rate?
A: BIDC Bank currently offers the highest 12-month USD rate at 4.50%, followed by ABA Bank at 4.25% .
Q: Is it better to save in USD or KHR?
A: KHR offers higher interest rates (up to 6.00% with ABA), but USD eliminates currency risk. Your choice depends on your future spending needs and risk tolerance.
Q: Do I need to visit a branch to open a fixed deposit?
A: ABA and ACLEDA allow fixed deposit opening entirely through their mobile apps. Other banks may require a branch visit, especially for first-time foreign customers .
Q: Are the advertised rates guaranteed for the full term?
A: Yes, fixed deposit rates are locked in at the time of opening for the entire term. However, promotional rates may have specific conditions.
Q: How is interest paid?
A: Options include at maturity, monthly, or quarterly, depending on the bank and product. PPCBank offers both maturity and monthly payment options .
Final Recommendations
The Bottom Line: For maximum yield, consider ABA Bank’s 6.00% KHR fixed deposit—the highest rate available. If you prefer to keep funds in USD, BIDC Bank’s 4.50% 12-month rate is the market leader. Always confirm current rates directly with the bank, as promotional offers can change.
Sources & References
The information in this article is based on the following official sources:
Rate Disclaimer: All interest rates are current as of April–May 2026 based on official bank announcements. Rates are subject to change without notice. Mobile/internet banking rates may differ from over-the-counter rates. Always verify current rates directly with the bank before making any financial decision.