Major Indonesian Banks Adjust Deposit Rates for January 2026

BCA Implements Rate Changes

Bank Central Asia (BCA) has adjusted its deposit interest rates effective January 2026. The bank reduced rates by 15 basis points to 3.00% for deposits between Rp2 billion and Rp5 billion, and by 25 basis points to 3.00% for deposits above Rp5 billion. The adjustments reflect BCA's response to changing market conditions and monetary policy developments.

Bank Mandiri Maintains Existing Rates

In contrast, Bank Mandiri has maintained its deposit interest rates since July 15, 2025. The bank continues to offer rates ranging from 2.25% to 2.50% across different tenors. Mandiri's decision to keep rates steady suggests a stable approach to deposit pricing amid market fluctuations.

Market Context and Implications

These adjustments come as Bank Indonesia continues to monitor the transmission of rate changes throughout the banking sector. Recent data showed that deposit rates have decreased by 67 basis points to 4.14% as of November 2025, while lending rates have seen a more modest decline of 24 basis points to 8.96%. The difference in adjustment speeds between deposit and lending rates highlights the complex dynamics at play in Indonesia's financial sector.