Strengthening Competitiveness In ASEAN, BTN Sets 4 Percent Deposit Interest

JAKARTA - PT Bank Tabungan Negara (Persero) Tbk or BTN has adjusted the return deposit interest rate in the denomination of the United States Dollar (USD) as a strategic step to anticipate the potential entry of foreign funds into Indonesia.

President Director of BTN Nixon LP Napitupulu said this adjustment was also part of BTN's efforts to increase the competitiveness of foreign exchange products in the ASEAN regional market.

Nixon explained that this policy aims to attract more foreign exchange funds from domestic and international customers to Indonesia.

"We want to ensure that BTN's foreign exchange product remains competitive and is an attractive choice for customers, both from within and outside the country," he explained in his statement, quoted Thursday, September 25.

With these adjustments, BTN now offers interest rates of 4.00 percent per year for USD deposit and USD e-Deposit products, with tenor choices of 1, 3, 6, and 12 months for all nominal levels.

Nixon added that this step reflects BTN's commitment to strengthening national financial sector stability through raising funds in foreign exchange denominations.

"With a more attractive foreign exchange interest rate, we hope that customers will be more confident in placing USD funds in the country. The placement is not only as an instrument for safe investment but also strengthens Indonesia's banking liquidity," he said.

Meanwhile, he conveyed that customers who are interested in USD BTN deposit products can now easily access it, either through branch office networks or digitally through BTN bale by superapps.

Ia menambahkan bahwa platform bale by BTN juga dilengkapi dengan fitur-fitur seperti transaksi jual beli varias real-time, transfer antar rekening valas sesama BTN, remittansi internasional, layanan money changer digital, hingga informasi kurs terbaru.

"With this integration, the BTN's e-deposit of foreign currency does not only provide competitive returns, but also convenience and convenience in foreign exchange transactions," he said.