Indonesian Term Deposits

Helpful Herbert

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Mar 24, 2019
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562
Could you tell me the account name?
Tabungan Simas Gold is the main account I have at Bank Sinarmas. And then if you want to set up a time deposit you click "time deposit" in the app, and select the amount, rate, period and whether it should roll over or not. Currently it's 4.25% for a time deposit, but it changes when the LPS changes.
 

HappyMan

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Joined
Jul 17, 2016
Messages
615

this one pays 4.25%
It seems strange that all the term lengths offer the same rate, right? Is that because they actually think rates might go down in the near future? I ask because I had thought that the banks generally offered higher rates for longer term deposits and lower ones for shorter terms (to ensure they meet their own legal requirements for liquidity?), but this is just flat.

Anyhow, is it just safe to assume that any account with a rate under the LPS setting is insured?

Edit: Too many questions, huh? I probably won't be able to afford your consultant fee either...
 

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