BRI Explains Why Savings Interest Rates Have Not Followed BI-Rate

Bank Rakyat Indonesia (BRI) has provided an explanation regarding savings interest rates that have not yet followed the benchmark interest rate or BI-Rate. Currently, the BI-Rate stands at 5.75 percent. Meanwhile, BRI’s deposit interest rates range from 2.5 to 3 percent for various tenors.

BRI Corporate Secretary Dhanny stated that setting savings interest rates, including deposits, is part of the bank’s funding management strategy, which considers liquidity conditions, funding structure, market dynamics, and the company’s business needs. “Pricing of funds is carried out in a measured manner while still paying attention to the cost of funds efficiency and the principle of prudence in liquidity management,” Dhanny told Tempo on Friday, 24 July 2026.

According to Dhanny, BRI’s funding strategy is continuously directed towards strengthening low-cost funds, specifically current account saving accounts (CASA), as a more stable and efficient primary source of funding. He mentioned that CASA strengthening is achieved through increasing customer transactions, optimising digital services, and reinforcing the business ecosystem.

Vice Chairman of the National Banks Association (Perbanas) Lani Darmawan stated that savings interest rates are influenced by market liquidity, which can lead to price competition. “So it is not solely based on the BI-Rate,” he said on Thursday, 23 July 2026.

Furthermore, Lani noted that the ability to channel credit, or the loan-to-deposit ratio (LDR), is also increasing. This is because banks are currently striving to manage their net interest margins efficiently.