NOW Savings is a digital savings product from Bank Neo Commerce that pays out interest daily. The product is issued by a bank licensed and supervised by the Financial Services Authority (OJK) and is a participant of the Indonesia Deposit Insurance Corporation (LPS) in accordance with applicable regulations.

What Is NOW Savings?

NOW Savings is a digital savings account offering 4.25% annual interest, which can be opened and fully managed through the neobank application.

Key Product Information

• Product Name: NOW Savings

• Product Type: Savings account (deposit account)

• Issuer: Bank Neo Commerce via the neobank application

• Interest Rate: 4.25% per year, paid daily

• Monthly Admin Fee: Rp0 as long as the account remains active (Rp5,000 per month applies if the account is inactive for 6 consecutive months)

• Initial Deposit: No minimum

• Access: Fully online via the application

• Interbank Transfers: According to membership level quota

• Liquidity: Funds can be withdrawn anytime

For more information regarding NOW Savings interest rates, visit https://s.id/fbtabungannow. Interest rates for new accounts may change according to bank policy.

5 Reasons Why You Should Have NOW Savings

1. Daily Interest Payout

Interest is calculated based on the daily balance and paid out every day.

This means:

• Your balance growth can be monitored daily.

• The potential compounding effect happens faster compared to monthly interest payments.

2. No Monthly Admin Fee

There is no monthly administrative fee as long as the account remains actively used.

A Rp5,000 monthly admin fee may apply if there is no login and/or transaction activity for 6 consecutive months, in accordance with applicable terms.

3. Flexible for Emergency Funds

Funds can be withdrawn and used anytime without penalty.

This type of savings is suitable for:

• Emergency funds (ideally 3–6 months of expenses)

• Urgent needs

• Short-term goals (1–12 months)

4. Suitable for Short-Term Financial Goals

NOW Savings is ideal for goals such as:

• Concert tickets

• Wedding funds

• Gadget upgrades

For long-term goals, it can be combined with time deposits or other instruments according to your risk profile.

Time deposits can be used for long-term purposes such as:

• Business capital

• Building a house

• Retirement funds

Read: Recognize the Wrong Transfer Fraud Mode to Stay Alert 

5. Part of a Multi-Product Digital Banking Ecosystem

NOW Savings is part of the neobank digital ecosystem, which includes:

• Regular Savings

• NOW Savings

• Neo Green Savings

• WOW Time Deposit

• FLEXI Time Deposit

• Neo Loan

• Neo Business

• Neo Wish

• Neo Gold

• Mutual Funds (through partner cooperation) 

• Cardless Cash Withdrawal

• Bill payments and top-ups

• Payment features: QRIS & Virtual Account

• Social and digital transaction features

• Neo Bisnis Account

Customers can manage various financial needs within a single application.

Risks You Should Understand

Every banking product carries risks. Here are important points to consider:

• Interest rates may change according to bank policy.

• The LPS guaranteed interest rate until May 31, 2026 is 3.50% (https://apps.lps.go.id/BankPesertaLPSRate). Interest above the guaranteed rate is not covered by LPS.

• Funds above Rp2 billion are not guaranteed by LPS.

• Interest is subject to tax in accordance with applicable tax regulations.

Understanding these risks helps customers make rational financial decisions.

Does NOW Savings Provide a Passbook?

NOW Savings does not provide a physical passbook.

All transaction records, interest history, and balances are available digitally through the application. Account statements can be downloaded as electronic documents for selected periods.

NOW Savings is suitable for customers who want the convenience of digital savings, daily interest payouts, no monthly admin fee (as long as the account remains active), and flexible access to funds anytime.

Saving still requires consistency. The right product helps make the process more efficient.

FAQ

1. Which bank issues NOW Savings?

NOW Savings is issued by Bank Neo Commerce, a bank licensed and supervised by OJK and a participant of LPS.

2. Does NOW Savings earn interest?

Yes. The current interest rate is 4.25% per year, with daily payout.

3. Does NOW Savings provide a passbook?

No. NOW Savings is fully digital, so all transactions and reports are accessible through the application instead of a physical passbook.

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Interest information for the period February 24, 2026.

To learn more about available savings products, you can check them through the neobank application on the PlayStore or App Store. For the latest information, visit https://s.id/fbtabungannow.

PT Bank Neo Commerce Tbk is licensed and supervised by the Financial Services Authority (OJK) and Bank Indonesia (BI), and is a participating bank of the Indonesia Deposit Insurance Corporation (LPS).