Latest Digital Bank Deposit Interest Rates as of 23 June: Jago - Allo
Jakarta, CNBC Indonesia - The digital banking landscape in Indonesia continues to show dynamic competition in attracting customers through adjustments to deposit interest rates. This strategy is part of liquidity management and efforts to raise third-party funds (DPK). Based on monitoring today, Tuesday (22/6/2026), a number of digital banks have set varied interest rate structures depending on the placement period and nominal balance. There have been no changes to interest rates from the last report due to the BI rate hike, given the potential for global interest rate increases in the coming months, in line with projections that the Fed Funds Rate will also rise at the upcoming FOMC, especially in Q4 2026.
Below are the simulation details of interest rates from five digital banking entities.
Superbank
Superbank offers a fairly aggressive and profitable interest rate structure for customers with placements below Rp 1 billion for medium to long tenors. The highest interest rate reaches 7.50% for balances ranging from Rp 500,000 to Rp 1 billion on tenors of 1 month to 12 months. Conversely, placements above Rp 1 billion for the same tenors receive a lower rate of 6.50%. For short-term liquidity placements of 7 days and 14 days, the interest rate is set at a stable 6.00% for all nominal categories.
Allo Bank
Allo Bank sets a maximum interest rate of 7.50%, which applies specifically to the 12-month tenor, for both placements below and above Rp 1 billion. Looking at shorter tenors such as 1 month, 3 months, and 6 months, there is a new interest rate incentive scheme. For 3-month and 6-month tenors, depositors with large nominal amounts above Rp 1 billion are entitled to higher returns, with an interest rate difference of 0.25%-0.50% compared to the tier below. Meanwhile, for the 24-month tenor, the interest rate is equalised at 6.50% for all nominal categories.
Bank Jago
Bank Jago applies a tiered deposit interest rate scheme based on nominal amount for 1, 3, and 6-month tenors. At the lowest tier (Rp 1 million-Rp 99.99 million), the interest rate is recorded at 5.00% to 5.25%. A flat rate then applies for the balance category of Rp 100 million-Rp 499.99 million at 5.50%, and for Rp 500 million-Rp 999.99 million at 5.75% across all these tenors. Meanwhile, the maximum return of 6.00% is specifically given to depositors with balances of Rp 1 billion or more on short tenors of 1 and 3 months, before easing to 5.75% on the 6-month tenor.
SeaBank
SeaBank’s deposit products are classified into two schemes: regular interest rates and promotional interest rates. The highest interest rate is 6.00%, applied to the 12-month tenor for both schemes. There is a difference in interest rates for the 1-month and 3-month tenors, where the promotional scheme offers returns 0.25% to 0.50% higher than the regular scheme. For the 6 and 12-month tenors, the interest rate percentages between the two schemes are equalised.
blu
Bank blu structures its deposit interest rates into five nominal categories and three placement period groups. The highest recorded return is 4.75% for placements of Rp 1 billion and above on a 3-month tenor. As an additional note, for medium to long-term tenors ranging from 4 to 12 months, blu simplifies the nominal tiers and caps the maximum interest rate at 4.00% for all placements starting from Rp 100 million and above.
Krom Bank
Krom Bank implements a fairly aggressive interest rate policy with a flat scheme that does not differentiate between customer placement nominal categories. For short-term instruments with a 14-day tenor, the bank offers a return of 6.50%, which then increases to 7.50% for a 1-month tenor. The maximum interest rate is recorded at 8.00%, applied evenly to all customers who place funds for a 12-month period.
Bank Raya
Bank Raya, through its Saku Jaga Optimal feature, offers flexibility in fund lock-up periods with progressively increasing returns following the tenor duration. The interest rate starts at 4.00% for a 1-month fund lock-up and continues to climb as the customer’s commitment period lengthens. The highest offer is given for the long-term 24-month tenor, reaching 6.00% as a form of appreciation for customer fund loyalty.