Indonesian Term Deposits

[Helpful Herbert]

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.

 

[snpark]

Bank Sinarmas Time Deposit

deposito Investasi Menguntungkan

www.banksinarmas.com

3.75% only

 

[snpark]

Bank Sinarmas Simas Gold

tabungan fleksibel dengan bunga tinggi

www.banksinarmas.com

 

[snpark]

Bank Sinarmas Deposito Online Bank Sinarmas

Saatnya Buka Deposito Online Bank Sinarmas! Nikmati suku bunga menarik dengan jangka waktu flexibel dan bisa di break kapan saja.

www.banksinarmas.com

this one pays 4.25%

 

[HappyMan]

Bank Sinarmas Deposito Online Bank Sinarmas

Saatnya Buka Deposito Online Bank Sinarmas! Nikmati suku bunga menarik dengan jangka waktu flexibel dan bisa di break kapan saja.

www.banksinarmas.com

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...

 

[Helpful Herbert]

Bank Sinarmas Deposito Online Bank Sinarmas

Saatnya Buka Deposito Online Bank Sinarmas! Nikmati suku bunga menarik dengan jangka waktu flexibel dan bisa di break kapan saja.

www.banksinarmas.com

this one pays 4.25%

Yes this is the one I have through the app. If the Indonesian Central Bank reduces rates by 0.25% then usually sinarmas will do the same with about 1 month delay.