Highest Deposit Interest – Finding a safe and profitable savings option is a crucial step in achieving financial stability. One of the most secure and favored savings options is a time deposit or deposito.
The year 2024 opens up new opportunities to explore time deposit options focusing on the highest interest rates. This article will discuss the banks with the highest time deposit interest rates in 2024. With this article, hopefully, you can make smart decisions according to your financial goals and needs in the future. Let's check out the banks with the highest interest rates now.
Also Read: Learn How to Accurately Calculate Time Deposit Interest!
Highest Bank Deposit Interest in 2024
1. Jago Bank
Jago Bank offers a time deposit interest rate of 5% per annum with various tenors, ranging from 1, 3, 6, to 12 months. Although offering stability, this interest rate can be a consideration, especially for those seeking alternatives with higher interest.
2. Allo Bank
Allo Bank attracts attention with a range of time deposit interest rates from 4% to 6%, with a minimum initial deposit of Rp10 million.
In addition to time deposits, Allo Bank also introduces the 'Allo Grow' savings product with an interest rate of up to 6.5% per year, providing variations for various financial needs.
3. Krom Bank
Krom Bank offers an attractive time deposit interest rate of up to 8.75% per annum. While this high-interest rate can be an attractive option, customers also need to pay attention to the applicable terms and conditions and ensure the safety of their deposits.
4. Saqu Bank
Saqu Bank introduces a joint time deposit feature, where the interest rate increases with the number of participants. Interest rates range from 4% to 8%. Additionally, Saqu also provides the 'Saku Booster' feature with an interest rate of up to 10%, offering an innovative option to increase income.
But you also need to pay attention to the applicable terms and conditions!
5. Smart Saver
Smart Saver Whiz stands out with a competitive time deposit interest rate, reaching 6.75%. Compared to other time deposits, Smart Saver offers a higher interest rate, and more importantly, this interest is guaranteed by the Indonesia Deposit Insurance Corporation (IDIC).
Whiz collaborates with Bank Perekonomian Rakyat (BPR) and makes Smart Saver a secure choice for time deposits. You can place funds with various tenor options, ranging from 1 month to 12 months.
Highest Deposit Interest Rates in 2024: The Choice is Yours!
Choosing a time deposit investment with the highest interest rate is a smart step to achieve financial security and profit. However, don't be tempted only by high interest rates and neglect the terms regarding the security guarantee of your deposit.
You need to know that a safe deposit is a deposit guaranteed by the Indonesia Deposit Insurance Corporation (IDIC). Although many financial institutions offer special interest rates to attract customers, not all time deposit interest rate offers have the IDIC guarantee.
The IDIC guarantee is not only to ensure the safety of deposits but also to ensure that the interest rate offered does not exceed the established guarantee standards.
Here are the interest rates guaranteed by IDIC and applicable from 1 October 2023 to 31 January 2024,
Commercial banks:
– Rupiah savings in commercial banks: 4,25%
– Foreign exchange (forex) deposits: 2.25%
Rural Banks (BPR):
– Rupiah savings: 6,75%
Also Read: Indonesia Deposit Insurance Corporation (IDIC): What You Need to Know?
So, those are some of the highest time deposit interest rates in 2024. Don't miss the opportunity to save your money in Smart Saver Whiz, which not only offers a competitive interest rate but also guarantees the security of your savings through IDIC. Achieve financial stability wisely and choose Smart Saver Whiz as your preferred savings!
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