In December 2024, Indonesian banks are presenting attractive deposit interest rates, with private banks offering rates ranging from 1.00% to 5.00% for online accounts.
PT Bank Danamon Indonesia Tbk has introduced a tiered deposit scheme starting at 1.00% for deposits between Rp 1 million and Rp 5 million, while the highest rate of 5.00% is available for deposits between Rp 100 million and Rp 250 million for a term of 3 to 6 months.
Conversely, customers opting for conventional deposits at Bank Danamon branches will receive a counter rate of 2.50% for a minimum deposit of Rp 8 million.
Meanwhile, PT Bank CIMB Niaga Tbk is also offering competitive rates for customers using its online platform, OCTO Mobile. The highest deposit rate available is 4.25% for deposits over Rp 100 million with a term of 3 to 6 months, while shorter terms yield rates starting from 2.75%.
For conventional deposits at Bank CIMB Niaga branches, rates start at 2.25% for a 1-month term, reaching up to 3.00% for a 3-month term, with a minimum deposit requirement of Rp 8 million.