Seeking Stable Returns from Deposits? Tips to Maximise Interest and Keep Funds Safe
Jakarta, VIVA – Amidst global financial market volatility, many individuals are beginning to seek investment instruments capable of providing stable profits without facing high fluctuation risks. One option regaining significant attention is the fixed deposit.
This time-deposit instrument is known as a low-risk financial product that can still provide competitive returns compared to regular savings accounts. In addition to offering guaranteed interest, fixed deposits are also a choice for those wishing to build financial management discipline, as funds cannot be withdrawn freely before the maturity date.
Although it may appear simple, there are several strategies that can be implemented to optimise fixed deposit profits. These range from selecting the appropriate tenor and utilising automatic renewal features to placing funds in products with competitive interest rates.
Why are Fixed Deposits Still Attractive?
Fixed deposits possess several advantages that keep them relevant amidst a multitude of modern investment options. Some of the primary benefits include:
Higher interest rates compared to regular savings accounts.
Relatively low risk.
Guaranteed by the Indonesia Deposit Insurance Corporation (LPS) subject to applicable terms.
Flexible tenor options.
Suitable for short-term to medium-term financial goals.
Can be utilised as credit collateral in certain banks.
For investors who prioritise capital security over high potential gains, fixed deposits are a frequently chosen instrument to maintain portfolio stability.
Tips for Maximising Fixed Deposit Profits
Although classified as a conservative instrument, fixed deposit returns can still be increased through proper strategies.
- Compare Interest Rates Before Placing Funds
One common mistake made by customers is opening a fixed deposit immediately at the bank where they already hold an account, without comparing offers from other banks. Currently, several digital banks and Rural Banks (BPR) offer more competitive deposit rates compared to large conventional banks. Therefore, comparing interest rates is a crucial first step to achieving more optimal returns.
- Utilise New Customer Promotions
Many banking institutions provide interest bonuses or cashback for new customers who open fixed deposits via digital applications.