Jakarta, hitclubapk3 Indonesia
—
Bank Indonesia
(BI) assesses the widespread provision of special interest rates (
special rate
) by banks to jumbo depositors causing a decline
credit interest
slow banking.In fact, BI’s benchmark interest rate (BI 7 Days Reverse Repo Rate) has fallen to 4.75 percent.
Head of the BI Macroprudential Policy Department Solikin M Juhro said
special rate
to large depositors making fund fees or
cost of loanable funds
banking remains high.
This is because the above average savings interest given to depositors adds to the bank’s funding costs.
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“Generally, banks will keep it in cash, like a checking account, for savings you only pay interest, friends, a percentage, only 2.3 (percent) or maybe 2.5 (percent), less like that. That is the cost of collecting funds,” said Solikin in a media briefing at the BI Head Office, Jakarta, Monday (22/12).
“But those who have a lot of money say, ‘OK, I’ll deposit it with you, but I don’t want to give you 2.5 (percent). If the deposits are 3 percent, I’ll ask for 5 percent or even 6 percent.’That’s a practice that happens a lot.If it’s high like that, it means it’s automatic
cost of loanable fun
“d or the cost of raising funds is higher for the bank,” he continued.
Solikin said many banks still provide
special rate
above the Deposit Insurance Corporation (LPS) guarantee interest rate which is currently at 3.5 percent.
When many banks offer deposit interest above 3.5 percent, they compete to attract funds from large customers by offering high interest.
As a result, it is difficult for credit interest rates to decrease, even though BI has lowered the benchmark interest rate several times.
“That’s why the interest rate is on the side
supplies
Interest rate is still a term that is rigid in Javanese.”So the fall is a bit heavy,” he said.
BI Governor Perry Warjiyo previously said the amount of third party funds (DPK) received
special rate
or interest above the LPS guarantee reached IDR 2,380.4 trillion.
The BUMN government group is the depositor who gets it
special rate
the highest among other groups, namely 6.30 percent as of August 2025.
“Why has the reduction in interest rates (BI-Rate) and liquidity not reduced deposit interest rates and credit interest rates? One of the factors is the practice of
special rate
deposits, both from large depositors and banks,” Perry said at the DPR Commission XI Working Meeting, quoted
Between
.
After depositors from the BUMN government group, the highest special rate as of August 2025 is sequentially followed by the non-BUMN government group at 6.14 percent, private IKNB 6.11 percent, individuals 5.94 percent, private non-IKNB 5.72 percent, and non-residents 5.22 percent.
Based on BI data, average
special rate
in 2024 it will be 6.19 percent, an increase from the previous year which was 6.13 percent.
As for August 2025, the average
special rate
recorded 5.91 percent.
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(fby/sfr)
