Beware of High Deposit Interest Rates: Know the Risks to Avoid Losses




Deposits are often considered safe investment instruments with guaranteed interest rates. However, if you encounter an unusually high deposit interest rate that’s beyond the market standard, you should be cautious. Though it may seem enticing, placing deposits in a bank without a solid reputation can carry significant risks. Here, we’ll discuss why you should be careful and how to choose a secure and profitable deposit product.

1. Why Do Banks Offer High Interest Rates?

Some common reasons banks offer high interest rates include:

  • Urgent Need for Liquidity: The bank may be low on funds and trying to attract customers with high-interest rates.
  • New or Small Banks: These banks might offer high rates to compete with larger banks.
  • Poor Risk Management Indication: If a bank is facing financial issues, they may use high rates as a last resort to attract funds.

However, offers like these can be a warning sign, especially if the bank has a poor track record.

2. Risks of Deposits in High-Interest Banks with Low Credibility

Here are some risks you may face:

a Funds Not Guaranteed by the Deposit Insurance Corporation (LPS)

The LPS only insures deposits with certain interest rates. If the bank offers a rate above this threshold, your funds won’t be guaranteed, even if the bank is a member of LPS.

b. Risk of Default

Banks with high-interest rates often face financial difficulties. You risk not receiving your principal or interest at maturity.

c. Restricted Access to Funds

In certain situations, the bank may restrict withdrawals or close suddenly, making it hard for customers to access their funds.

d. Risk of Bank Liquidation

If the bank goes bankrupt and your funds aren’t insured by LPS, you may not get a full refund.

3. How to Avoid Deposit Risks

To avoid high-interest traps and ensure security, take these steps:

- Check the bank’s reputation through financial reports and information from the Financial Services Authority (OJK).

- Choose an LPS-insured bank and ensure the interest rate does not exceed the insured limit.

- Diversify your funds across several reputable banks.

- Understand the terms and conditions of the deposit before placing funds.

Safe Deposit Recommendation: Nobu Bank Deposit

If you’re looking for a deposit with attractive and safe interest, Nobu Bank Deposit could be an ideal choice. Besides being registered and insured by LPS, Nobu Bank offers two types of deposit products: Conventional Deposit and Online Deposit via the Nobu Go app. Here are the details:

1. Nobu Bank Conventional Deposit

Placement can be made with a minimum amount of IDR 8,000,000, and you can choose the term that suits your needs:

  • 1 month: 3.25% p.a.
  • 3 months: 3.50% p.a.
  • 6 months: 3.25% p.a.
  • 12 months: -

2. Nobu Bank Online Deposit (via Nobu Go)

This online deposit is more flexible and convenient since it can be done directly from the Nobu Go app without visiting a branch. The interest rates are also higher:

  • 1 month: 5.88% p.a.
  • 3 months: 6.00% p.a.
  • 6 months: 5.68% p.a.
  • 12 months: 5.00% p.a.

Interest Calculation Simulation for Placement of IDR 10,000,000 at Nobu Bank

Here are the interest calculations for both conventional and online deposits (after 20% tax) for selected terms.

1. Nobu Bank Conventional Deposit

  • 1 Month (3.25% p.a.): IDR 21,667
  • 3 Months (3.50% p.a.): IDR 70,000
  • 6 Months (3.25% p.a.): IDR 130,000

2. Nobu Bank Online Deposit (via Nobu Go)

  • 1 Month (5.88% p.a.):
  • 3 Months (6.00% p.a.):
  • 6 Months (5.68% p.a.): IDR 227,200
  • 12 Months (5.00% p.a.): IDR 400,000

Analysis and Best Choice

Nobu Go Online Deposit offers higher interest rates compared to conventional deposits, especially for 1- to 6-month terms. If you prioritize maximum returns, placement through the Nobu Go app is the best choice, with interest rates of 6++% p.a. for 3 months. Additionally, the 12-month term also provides significant returns, with IDR 400,000 for an IDR 10 million placement.

Why Choose Nobu Bank Deposit?

  • Guaranteed Security: Nobu Bank is registered and insured by LPS, so your funds are secure.
  • Competitive Interest: For online deposits, you can enjoy rates of up to 6++% p.a.
  • Ease of Access: Placement and withdrawal of deposits can be done directly through the Nobu Go app.
  • Flexible Terms: Various terms are available, catering to your financial needs.
  • No Penalty: Early withdrawal incurs no penalty, and interest is paid at 0%.

Don’t be easily tempted by high-interest deposit offers from banks with unclear credibility. Choose a trusted bank like Nobu Bank, where you can enjoy competitive interest rates without sacrificing fund security. With Nobu Bank, you gain not only attractive returns but also peace of mind, as your funds are managed securely and professionally.

Jika kamu mencari deposito dengan bunga menarik dan aman, Deposito Nobu Bank bisa menjadi pilihan tepat. Selain sudah terdaftar dan dijamin oleh LPS, Nobu Bank menawarkan dua jenis produk deposito: Deposito Konvensional dan Deposito Online melalui aplikasi Nobu Go. Berikut detailnya:

1. Deposito Konvensional Nobu Bank

Penempatan bisa dilakukan dengan nilai minimal Rp 8.000.000, dan kamu bebas memilih jangka waktu yang sesuai kebutuhan:

  • 1 bulan: 3,25% p.a.
  • 3 bulan: 3,50% p.a.
  • 6 bulan: 3,25% p.a.
  • 12 bulan: -

2. Deposito Online Nobu Bank (via Nobu Go)

Deposito online ini lebih fleksibel dan mudah karena bisa dilakukan langsung dari aplikasi Nobu Go tanpa harus ke kantor cabang. Bunga yang ditawarkan juga lebih tinggi:

  • 1 bulan: 5,88% p.a.
  • 3 bulan: 6,00% p.a.
  • 6 bulan: 5,68% p.a.
  • 12 bulan: 5,00% p.a.

Open Deposito Now

Click here