A time deposit can be opened starting from IDR 100,000 at certain banks, with tenors ranging from 7 days to 12 months, and the funds are withdrawn at maturity according to the rollover option selected.

One deposit product that can be opened starting from IDR 100,000 is Deposito WOW in the neobank application from Bank Neo Commerce.

What Is Deposito WOW?

Deposito WOW is a deposit product available in the neobank app by Bank Neo Commerce that offers competitive interest rates with various tenor options.

Key Characteristics

• Tenor options: 7 days, 1 month, 3 months, 6 months, and 12 months
• Flexible rollover options (principal only or principal + interest reinvested)
• Minimum placement IDR 100,000
• No administrative fees
• Easily opened through the mobile application

Deposito WOW offers several tenor and interest rate options, including:

• 7-day tenor – 5% per year
• 1-month tenor – 6% per year
• 3-month tenor – 6.5% per year
• 6-month tenor – 7% per year
• 12-month tenor – 7.5% per year

Interest rate information as of 5 February 2026.

The Deposit Insurance Rate (LPS) for Rupiah savings up to 31 May 2026 is 3.50% (https://apps.lps.go.id/BankPesertaLPSRate)

Deposits with interest rates above the LPS guaranteed rate are not covered by LPS insurance.

For more information about Deposito WOW interest rates, visit: https://s.id/tkdepositowow

Interest rates may change for new placements according to bank policy.

What Is the Minimum Amount to Open a Deposit?

Deposito WOW in neobank from Bank Neo Commerce can be opened starting from IDR 100,000.

How to Open Deposito WOW in neobank

If you already have an active account:

1. Open the neobank application
2. Select the Deposito menu
3. Choose the tenor (7 days – 12 months)
4. Enter the deposit amount
5. Choose a rollover option:
   • Principal only
   • Principal + interest
   • Non-rollover
6. Confirm the deposit opening

The entire process is done online through the application.

When Can a Deposit Be Withdrawn?

Deposito WOW funds are disbursed at maturity according to the selected tenor.

Options at Maturity

• ARO Principal – principal automatically renewed, interest credited to the account
• ARO Principal + Interest – principal and interest automatically renewed
• Non-ARO – principal and interest credited to the main account

If the deposit is withdrawn before maturity, the interest will be adjusted to 2% per year.

There is also a product such as Deposito FLEXI, which allows early withdrawal with adjusted interest.

Simulation: How Much Interest for a IDR 50 Million Deposit?

Example calculation for Deposito WOW with a 6-month tenor and 7% annual interest rate.

Formula

Gross Interest = Principal × Interest Rate × (Days / 365)
Interest Tax = 20% × Gross Interest
Net Interest = Gross Interest − Interest Tax

Deposit IDR 50.000.000 – 7% – 6 months (180 days)

Gross Interest

= IDR 50.000.000 × 7% × (180 / 365)

= IDR 50.000.000 × 0,07 × 0,4931506849

= IDR 1.726.027

Interest Tax

= 20% × IDR 1.726.027

= IDR 345.205

Net Interest

= IDR 1.726.027 − IDR 345.205

= IDR 1.380.822

Total Received at Maturity

= IDR 50.000.000 + IDR 1.380.822

= IDR 51.380.822

Simulation: How Much for a IDR100 Million Deposit?

Example using 6-month tenor with 7% annual interest.

Deposit IDR 100,000,000 – 7% – 6 months (180 days)

Gross Interest

= IDR 100.000.000 × 7% × (180 / 365)

= IDR 100.000.000 × 0,07 × 0,4931506849

= IDR 3.452.055

Interest Tax

= 20% × IDR 3.452.055

= IDR 690.411

Net Interest

= IDR 3.452.055 − IDR 690.411

= IDR 2.761.644

Total Received at Maturity

= IDR 100.000.000 + IDR 2.761.644

= IDR 102.761.644

The calculation above is an illustration.

What Are the Risks of Deposits?

Although deposits are considered a relatively stable financial instrument, they still carry several risks.

1. Liquidity Risk

Funds are locked until maturity.

2. Interest Rate Risk

If market interest rates increase, existing deposits remain at the original rate.

3. LPS Guarantee Risk

Deposits are insured up to IDR 2 billion per depositor per bank, provided that:

• The interest rate does not exceed the LPS guarantee rate
• The deposit meets other guarantee requirements.

4. Inflation Risk

If inflation is higher than the deposit interest rate, purchasing power may decline.

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Customers are advised to read the Product and Service Information Summary (RIPLAY) before opening a deposit.

If you want to explore available products, you can check them through neobank on the PlayStore or App Store.
For more information, visit: https://s.id/fbdepositowow

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