Indonesia Interest Rates

The Indonesian economy with a population of 238 Million (Est 2009) ranks 15th in the world with a GDP PPP of 962 billion and GDP PPP per capita of 4,151 vs 45,934 (United States) according to the IMF in 2009. Its currency is the Indonesian rupiah (Rp)(IDR). Bank deposits held for a fixed term in Indonesia are called time deposits. According to CIA.gov its inflation was 9.9% in 2008 and 4.8% in 2009.

All banks in Indonesia participate in an Indonesian Deposit Insurance Corporation (DIC) scheme. This scheme guarantee covers demand deposits, certificates of deposit, time deposits and savings accounts on a per customer, per account basis for each bank. (http://www.bi.go.id)

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Showing rates for 13 Bank deposit providers in Indonesia.
BankBranchFounded1 Year RateOwnership
BII Maybank35001959N/AForeign
PaninBank5011971N/ALocal
Bank Rakyat Indonesia4241895N/ALocal
Commonwealth Bank Indonesia911990N/AForeign
HSBC Indonesia4618845.75%Foreign
Bank Mayora341993N/ALocal
ANZ Indonesia281973N/AForeign
Standard Chartered Indonesia261863N/AForeign
Citibank Indonesia1919184.50%Foreign
BNI Bank Negara Indonesia1,58519466.50%Local