LPS Data Shows Citizen Savings Above IDR 5 Billion Now Reaches 16 Percent

JAKARTA - Chairman of the Board of Commissioners of the Deposit Insurance Corporation (LPS) Anggito Abimanyu said community savings in various segments experienced growth with the largest increase in savings above Rp5 billion of 16.24 percent.

"For deposits above IDR 5 billion, it grew by 16.24 percent. This is growing quite high," said Anggito at a press conference on the Financial System Stability Committee (KSSK) reported by ANTARA, Monday, November 3.

According to him, the growth of large deposits was driven by the performance of a number of corporations, considering that several sectors seemed to experience positive growth.

In addition, investment credit also shows an increasing trend, which ultimately has a positive impact on the portion of savings above IDR 5 billion.

For other segments, LPS noted that small deposits, namely the range of IDR 5 million to IDR 10 million, grew by 8.55 percent, while savings under IDR 5 million grew 7.91 percent.

"This is an indication of the increasing capacity of small-scale savers. This is our observation from the saver side," he said, explaining.

As for deposits above Rp100 million, it was recorded to grow by 4.19 percent. Despite the increase, the growth slowed down compared to the final record in December 2024 of 4.82 percent.

"We will see later in two months whether his condition will be better than 2024. We cannot convey at this time," said Anggito.

LPS also asked banks to lower the level of deposit interest rates.

The reason is, the average bank deposit interest rate is still above the Guarantee Interest Rate (TBP) even though it continues to reduce TBP.

As of September 2025, LPS has lowered TBP by 25 bps from 3.75 percent to 3.50 percent for Rupiah deposits at commercial banks.

However, the portion of customers who get savings interest rates above TBP has actually increased, from 13 percent in 2022 to 32 percent in September 2025.

"LPS together with other KSSK member institutions encourage banks to adjust deposit interest rates to a reasonable level," said Anggito.