Indonesian Digital Banks Adjust Deposit Rates for January 2026

Rate Changes Across Major Digital Banks

Several prominent Indonesian digital banks have made adjustments to their deposit rates in January 2026, reflecting ongoing competition in the digital banking sector. The changes vary across different institutions, with some reducing rates while others maintain their current offerings.

PT Bank Jago Tbk. (ARTO) Rate Adjustment

PT Bank Jago Tbk. (ARTO) has reduced its deposit interest rate for amounts exceeding Rp1 billion to 6% per annum, representing a 25 basis point decrease from the previous rate of 6.25%. This adjustment reflects the bank's response to current market conditions and competitive landscape.

PT Bank Saqu Indonesia Rate Revision

Effective February 10, 2026, PT Bank Saqu Indonesia will adjust its deposit rates. The bank will offer a maximum interest rate of 6.25% per annum for deposits exceeding Rp2 billion with a tenor of 6-12 months, down from the previous maximum of 6.50%. The rate adjustment demonstrates the bank's strategy to manage liquidity in a competitive environment.

PT Allo Bank Indonesia Tbk. (BBHI) Maintains Competitive Rates

PT Allo Bank Indonesia Tbk. (BBHI), owned by Chairul Tanjung's conglomerate, continues to offer a competitive interest rate of 5.5% per annum for deposits starting from Rp1 million. This rate remains effective since November 11, 2025, and applies to various tenors including 1, 3, 6, 12, and 24 months. The bank also provides additional benefits such as 1% extra interest for first-time deposits and bonus interest up to 1% every Wednesday.

Other Digital Banks' Offerings

1. PT Bank Amar Indonesia Tbk. (AMAR): Offers tiered interest rates ranging from 5.75% to 9% per annum depending on the tenor. The highest rate applies to 36-month deposits.
2. PT Bank Aladin Syariah Tbk. (BANK): Provides competitive profit-sharing rates up to 9% per annum through their Ala Deposito product, with varying tenors and nisbah ratios.
3. PT Bank Raya Indonesia Tbk. (AGRO): Offers deposit rates between 4% and 6% per annum through their Saku Jaga Optimal product, with the highest rate for 24-month deposits.
4. Blu by BCA (BBCA subsidiary): Offers bluDeposit with rates ranging from 3.5% to 4.75% per annum, depending on deposit amount and tenor.

Market Implications

The varying deposit rate adjustments among Indonesian digital banks reflect the competitive dynamics in the rapidly evolving digital banking landscape. While some banks are reducing rates, others maintain competitive offerings to attract and retain customers. These changes demonstrate the sector's responsiveness to market conditions and customer preferences.