List of Highest Bank Deposit Interest

Highest Bank Deposit Interest

High interest rates are certainly one of the biggest considerations for customers who want to invest in deposits. The higher the interest rate offered, the greater the rate of return / profit obtained.

The average deposit interest rate in Indonesia itself ranges from 3-5% per year. However, did you know that there are some banks that offer higher deposit rates than other banks?

Here are some of the banks with the highest deposit rates!

Recommended Banks with High Deposit Interest


NeoBank is one of the digital banks in Indonesia that has succeeded in attracting millions of active customers. NeoBank itself is a product issued by PT Bank Neo Ecommerce. Initially, this company was founded in 1989 and was previously known as Bank Yudha Bhakti which was initially controlled by the Gozco Group (Tjandra Mindharta Gozali) together with a number of parent cooperatives within the TNI. Currently the company is owned by Gozco together with Akulaku.

How much deposit interest does NeoBank offer?

Through one of its products, Neo WOW, NeoBank offers higher deposit rates compared to deposits at other banks. Here are the details:

  • Neo WOW Instant
    • Term of 7 days, Deposit Interest 7.5% on deposit starting from IDR 1,000,000 (Ramadan Exclusive)
    • Term of 7 days, Deposit Interest 6.5% on deposit starting from IDR 200,000 (Short Period)
    • Term of 7 days, Deposit Interest 6.5% + 1% pa (exclusive) deposits starting from IDR 200,000 (Free Roll Over)
    • 1 month period, 7% deposit interest on deposits starting from IDR 200,000
    • Term of 3 months, Deposit Interest 7.5% on deposit from IDR 200,000 (0 admin fee)
  • Neo WOW Extra
    • Term of 6 months, Deposit Interest 7.75% on deposit starting from IDR 200,000
    • Term of 12 months, Deposit Interest 8% on deposit starting from IDR 200,000 (recommendation)

Bank Jago

Second, there is Bank Jago. There is an interest rate offer of 7% per year for Main Pockets, all Pay Pockets and all Savings Pockets (not included in Locked Pockets & Sharing Pockets).

Promo registration period 1 April 2022 – 31 May 2022. This 7% interest promo is valid for 3 months for each new user starting from the registration date.

DBS Bank

DBS Bank through its deposit program called Digibank by DBS also offers a fairly high interest rate of 6%. The tenor varies, it can be 1 month, 3 months, up to 12 months. Deposit deposits are also light, starting from only IDR 1,000,000.

Mayora Bank

Bank Mayora offers deposit interest of 5.5% per year. With various tenors, ranging from 1, 3, 6 to 12 months. The minimum deposit that you must deposit yourself starts from IDR 8,000,000. 8 times higher than the minimum deposit at DBS Bank.

Bank Bukopin

Bank Bukopin, through its Merdeka Bukopin product, offers deposit interest rates of up to 5.25% per year. The minimum deposit itself starts from IDR 10,000,000 with tenors ranging from 1, 3, 6, up to 12 months.

Bank BNI

As one of the largest banks with millions of active customers throughout Indonesia. Bank BNI also offers deposit rates that are no less attractive. Interest on deposits at Bank BNI ranges from 4.25% to 5.4% per year. You can choose the tenor according to your needs. The minimum deposit you have to pay is IDR 10,000,000.


Jenius is a digital product from Bank BTPN. Through a Jenius deposit product called Jenius Maxi Saver, you can earn deposit interest ranging from 4% to 6%. Just like NeoBank and Bank Jago, through this Jenius you can open a deposit account via an online application.

Mandiri Bank

Mandiri itself offers a deposit interest rate of 3.5% per year. Unlike other banks, Bank Mandiri provides an option for customers whether they want to take deposit money according to the maturity period or on a monthly basis.

Bank BCA

Just like Bank Mandiri, BCA also provides deposit interest of 3.5% to its customers. The minimum deposit itself is IDR 8,000,000

Bank Danamon

Deposits at Bank Danamon itself have an interest rate of around 3.33% to 3.75%. The tenor also varies. Starting from 1, 3, 6, up to 12 months.

Read also: How to create a student account

How to Calculate Deposit Interest?

How do you calculate the deposit interest that you will earn?

You can calculate bank deposit interest with the formula

Deposit Interest Rate x Amount of Money Deposited x Tenor (in days) for 365

For example, you choose to open a Neo WOW Ekstra deposit with a tenor of 1 year, total deposit of IDR 10,000,000 and the highest interest rate of 8% per year.

So, the interest you will get:

(8% x IDR 10,000,000 x 365)/365

= IDR 800,000

Calculating Deposit Interest Tax Fee

When you get deposit interest, you will also be burdened with tax costs which you can calculate using the formula:

Tax Rate x Interest on Deposit

Example :

20% x IDR 800,000 = IDR 160,000

How to Calculate Final Deposit Value

What is the value of your deposit once it matures? You can calculate it with the formula:

Investment Amount + (Deposit Interest Gain – Deposit Tax)


IDR 10,000,000 + IDR 800,000 – IDR 160,000 = IDR 10,640,000

This calculation applies to conventional types of deposits at the banks above. The calculation of sharia deposits itself is different, depending on the contract used.

The amount of profit from net deposit interest that you get is strongly influenced by: tenor, amount of money deposited, interest rate, and tax rate. The greater the amount of money deposited, and the longer the tenor, and the higher the deposit interest, the greater the profit.

…helmykediri com


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