comparison of deposit interest

Comparison of Bank Deposit Interest Rates, Which One Is the Highest?

Comparison of Deposit Interest Rates – Currently, deposits remain a favorite choice for the public to store funds in banks. One of the advantages of deposits is the higher interest rates compared to savings accounts. 

However, it turns out that the deposit interest rates differ at each bank. In this article, Whiz will discuss the comparison of deposit interest rates from several major banks in Indonesia, such as BCA, BNI, BRI, Mandiri, and BPR. 

Understanding the differences in interest rates between banks can help you make more profitable decisions. Let's dive into the complete article.

Also Read: How to Choose a Deposit Period According to Financial Needs

Comparison of Deposit Interest Rates between Banks

1. Comparison of Commercial Bank Interest Rates

Comparison of Deposit Interest

Knowing the deposit interest rates from commercial banks can be a smart step in optimizing your financial management. Every commercial bank in Indonesia has different deposit interest rate policies; let's take a look at the deposit interest rate comparison at BCA, BNI, and Mandiri.


Bank Central Asia (BCA) is known as one of the largest banks in Indonesia. The deposit interest rates at BCA are competitive. BCA's deposit interest rates range from 2.00% to 3.50% per year, with various tenors such as 1 month, 3 months, 6 months, and 12 months. 

Customers can open deposits in foreign currencies with different interest rates, with a minimum placement of Rp8 million for rupiah deposits.


Bank Negara Indonesia (BNI) provides deposits with various tenors to suit the needs of customers, ranging from 1 month to 24 months. The minimum initial deposit to open a BNI rupiah deposit is Rp5 million. The deposit interest rates at BNI vary between 2.25% and 3.00% per year.


Bank Rakyat Indonesia (BRI) offers deposit interest rates ranging from 2.25% to 3.00% per year, with deposit tenors ranging from 1 month to 36 months. 

Interestingly, there is a difference in the initial deposit for opening deposits. If done through a branch, the minimum initial deposit is Rp10 million. If through internet banking, the initial deposit is a minimum of Rp5 million and a maximum of Rp100 million.

Mandiri Bank

Bank Mandiri offers various interest rates for rupiah deposits, ranging from 2.25% to 2.50% per year. With various tenors, customers can choose a deposit period that suits their needs, ranging from 1 month to 24 months. 

Similar to BRI, to open a deposit account at Bank Mandiri, customers can choose between two initial deposit options, namely Rp10 million through a branch or Rp1 million through Livin' by Mandiri.

2. Comparison of Rural Bank (BPR) Interest Rates

Comparison of Deposit Interest

In addition to well-known commercial banks, Rural (BPR) can also be an attractive choice for you. Especially when considering deposit interest rates, BPR can provide the best alternative compared to large banks. 

BPR offers competitive deposit interest rates, with the highest interest rate reaching 6.75%, following the Deposit Insurance Corporation (IDIC) interest rate. Another advantage that can be utilized is the flexibility of deposit tenors, ranging from 1 month to 12 months, customers to choose according to their needs and financial strategies. 

Moreover, BPR often sets a reasonably affordable minimum placement, making it easy for customers to start deposit with a small amount.

Also Read: Understanding Fixed Deposit Interest Taxes in Indonesia, You Must Know!

If you are interested in placing deposits with high interest rates and still following the IDIC interest rate rules, Smart Saver from Whiz is the answer. You can place funds in Smart Saver with tenor options and flexibility that will certainly make it easier for you.

Additionally, you can get a maximum interest rate of 6.75%, and of course, it is safe because Whiz collaborates with rural banks that are licensed and supervised by the Financial Services Authority (OJK) and are participants in the Deposit Insurance Corporation (IDIC) guarantee.

That's the deposit interest rate comparison in Indonesian banks. Which deposit interest rate do you think is high and profitable?