12-Month Deposit Interest Rates Remain Highest

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12/10/2016 10:23 WIB

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Interest Rates on Third-Party Bank Funds in Indonesian Rupiah

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Interest Rates on Third-Party Bank Funds in Indonesian Rupiah

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Deposits with a term of 12 months or more offer the highest interest compared to other public savings. According to data from the Financial Services Authority (OJK) as of July 2016, the average interest rate for general bank deposits with a 12-month term was 7.98 percent per year, higher than other terms. Meanwhile, the interest rate for savings in the form of general bank savings accounts was 1.79 percent per year.

Interest rates on Third-Party Funds (DPK) in the banking sector have shown a downward trend, coinciding with the stabilization of the rupiah exchange rate, declining inflation, and the government's program to lower lending interest rates to a single digit.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."