WOW Time Deposit Is a Fixed-Term Deposit with Competitive Annual Interest

WOW Time Deposit is a fixed-term deposit product from Bank Neo Commerce offering competitive annual interest rates with a minimum placement of Rp100,000.

The product is available through the neobank application from Bank Neo Commerce. A time deposit is a fixed-term savings product where funds are locked until the maturity date.

What Is WOW Time Deposit?

WOW Time Deposit is a digital fixed-term deposit product in neobank that offers competitive interest rates with various tenor options.

Key Characteristics:

• Tenors: 7 days, 1 month, 3 months, 6 months, and 12 months

• Flexible rollover options (principal only or principal + interest reinvested)

• Minimum placement: Rp100,000

• No administrative fees

• Conveniently opened via the application

WOW Time Deposit Tenors and Interest Rates

WOW Time Deposit offers several tenor options with the following interest rates:

• 7 days – 5% per year

• 1 month – 6% per year

• 3 months – 6.5% per year

• 6 months – 7% per year

• 12 months – 7.5% per year

Interest rate information as of February 24, 2026.

Visit https://s.id/tkdepositowow for more details about WOW Time Deposit interest rates. Interest rates for new placements may change according to bank policy.

Read: Recognize the Wrong Transfer Fraud Mode to Stay Alert 

How to Calculate WOW Time Deposit Returns

Gross Interest = Principal × Interest Rate × (Days / 365)

Interest Tax = 20% × Gross Interest

Net Interest = Gross Interest – Tax

Simulation

On January 5, 2026, a customer opens a 3-month WOW Time Deposit with:

• Principal: Rp10,000,000

• Interest rate: 6.50% per year

• Tenor: 90 days

Calculation:

Gross Interest = Rp10,000,000 × 6.50% × (90 / 365)
= Rp160,273

Interest Tax (20%) = Rp32,054

Net Interest = Rp160,273 – Rp32,054
= Rp128,219

Total amount received at maturity:

Rp10,000,000 + Rp128,219

This simulation refers to the official example in the neobank application and is for illustrative purposes only.

Can WOW Time Deposit Be Withdrawn Early?

WOW Time Deposit cannot be withdrawn before maturity without consequences, according to the bank’s terms and conditions.

However, there is also a product such as FLEXI Time Deposit in neobank that allows early withdrawal without penalty, with adjusted interest calculations.

At maturity, customers can choose:

• ARO Principal (interest is credited to the source savings account on the rollover date, and the principal is automatically renewed for the same tenor)

• ARO Principal + Interest (principal plus interest is automatically renewed for the same tenor)

• Non-ARO (principal plus interest is credited to the source savings account at maturity)

Is WOW Time Deposit Subject to Tax?

Deposit interest is subject to a 20% tax on the interest earned (income) for deposits above Rp7.5 million, not on the total principal amount, in accordance with applicable tax regulations. The tax is automatically deducted by the bank. Deposits below Rp7.5 million are not subject to tax.

Things to Consider Before Opening WOW Time Deposit

WOW Time Deposit is designed as a fixed-term savings product with a clear system. However, there are several risks to understand before opening a deposit:

• Fixed-term nature: Funds are optimal when kept until maturity. Early withdrawal follows the bank’s applicable terms.

• Interest rate changes: Interest rates may change for new placements. Changes do not affect active deposits until maturity.

• LPS insurance conditions: Pay attention to the LPS guaranteed interest rate. Deposits with interest rates exceeding the guaranteed rate are not covered by LPS. The LPS guaranteed interest rate until May 31, 2026 is 3.50% (https://apps.lps.go.id/BankPesertaLPSRate).

• Tax on interest: Deposit interest is subject to final tax in accordance with applicable tax regulations.

By understanding these points, customers can adjust their tenor and placement amount according to their financial needs.

FAQ

What is WOW Time Deposit?

A digital fixed-term deposit product from Bank Neo Commerce available in the neobank application.

Can WOW Time Deposit be withdrawn anytime?

No. It can only be withdrawn at maturity or according to the bank’s terms and conditions.

Is WOW Time Deposit subject to tax?

Deposit interest is subject to a 20% tax on the interest earned for deposits above Rp7.5 million, not on the principal amount, in accordance with applicable tax regulations. The tax is automatically deducted by the bank. Deposits below Rp7.5 million are not subject to tax.

***

To explore available products, you can check them through the neobank application on the PlayStore or App Store. For the latest updates, 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 participating bank of the Indonesia Deposit Insurance Corporation (LPS).