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?

Continue reading


On the Horizon business model for Indonesian Financial industry

Photo by: Stephanie W.

Photo by: Stephanie W.

1. Mobile phone based payment

Embed a payment and encryption capability into a mobile phone (in the chip or software). Allow the mobile to execute payment, whether through near field detection, a specific button, or password type into the mobile phone’s keypad to approve and confirm the transaction. The balance can be refilled through phone, mobile, or sms banking

Continue reading