Miskonsepsi tentang suku bunga deposito (dan tabungan)

broken money

(This feature serves as a mini update to my post on Time Deposit Interest Rate, the previous post can be found by clicking this link)

I had had strong…’prejudice’ regarding interest rates. I used to assume that interest rates from small banks is usually higher than those of larger banks, that larger banks are laggards when it comes to competing on interest rates.

Yet when I went to the website of two largest bank in Indonesia in Friday last week (July 3rd 2009), i found a surprise.

The interest rates of these 2 banks is actually as competitive or even more competitive than the bank i’m using now for my time deposit (the account statement indicates that my interest rate is 6.75%)

I was perplexed…how can this be? i thought i was having a good deal with the smaller bank…

I thought i was trading a slight amount of security with a larger amount of interest rate.

Turns out that i was wrong…i had been placing my money on the wrong basket.

Wanna see what i found out?

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Suku Bunga Deposito Bank Di Indonesia – update December 2008

This post is an update on the same topic published at 30 October and 18 November. (Another feature on Suku Bunga Deposito has been added, click this link to see the feature)

On various dates between November 18 and December 18, i visited an additional 3 banks to inquire their Time Deposit Product, this post will elaborate the product and my experience with the bank. Other banks included in the previous post will also be included in a summarized format.

This post also includes the best place to put your money (based on my findings) for different level of fund.

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Suku Bunga Deposito Bank di Indonesia – 18 November 2008

rccThis post is an update on the same topic published at 30 October and has been updated by this post at December

On 12 and 18 November 2008, i visited 5 banks to inquire their TIme Deposit Product, this post will elaborate the product and my experience with the bank. Other banks included in the previous post will also be included in a summarized format.

This post also includes the best place to put your money (based on my findings) for different level of fund.

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Suku bunga deposito bank di Indonesia – 29 Oktober 2008

(This post has been updated on 18 November 2008, 5 more banks has been added, and a summary on which product gives Best return for different asset size is provided. Click this link to find the updated version, and another feature on Suku Bunga Deposito has been added, click this link to see the feature)

You have some extra cash to invest right now, and you like to consider your options. Stocks, it might be good time to buy now, since it’s in heavy discount, but you don’t like the risk. Bonds, looking at the potentially even-higher inflation rate for next year, the returns are too small.

How about good old time deposits? It’s guaranteed by the Indonesian government up to IDR 2 Billion (around USD 200.000), it gives a fixed rate of return. The only downside is, the return could be small.

So…what should we do? We need to shop around and see which bank provide the best rate of return for their time deposit.

and boy did i shop, i visit around 12 banks in the Puri Indah area of West Jakarta and ask for their time deposit interest rate. The trip provides some surprises.

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