Jakarta, CNBC Indonesia – Chairman of the Board of Commissioners of the Deposit Insurance Corporation (LPS), Yudhi Sadewa, spoke about digital banks that offer high interest rates. He asked banks to continue to provide clear information regarding guarantees at LPS.
He did not dismiss this as a way for digital banks to attract new customers, by providing attractive incentives for potential users, such as the provision of savings interest that reaches 8%.
“As long as they fair and provide clear information about why – why, what is unfair is to give 8% interest but say it is guaranteed by LPS,” said Yudhi, at the Media Workshop in Bandung, Saturday (11/12/2021).
Basically LPS guarantees all banks including digital banks. However, providing information is needed so that customers know the risks. Finally, the loan interest rate guaranteed by LPS is 3.50%.
LPS also does not prohibit banks from providing cash back and high interest rates to customers, exceeding the guaranteed interest rate. It’s just that the customer must know the high interest risk.
However, according to him, customers should not be tempted by very high interest rates, because they are not guaranteed by LPS. Currently, there are three conditions that must be met, called 3T, which are recorded in the bank’s books, the deposit interest rate does not exceed the guarantee interest, and does not cause the bank to become a bank failure.
To note, a number of digital banks offer high savings interest rates. Such as Seabank Indonesia, which is owned by e-commerce giant Shopee 7.00% and Bank Neo 6.00% owned by fintech Akulaku which is funded by the Alibaba Group, which was originally named Bank Yudha Bhakti.
(Hi Hi)
– .
