
Money Market Time Deposit
Money Market Time Deposit (MMTD) is a deposit in Rupiah and USD that can be invested in the money market, with disbursements permitted only within a specified period.
Key Features
- Available in Rupiah and USD currencies with six flexible term options, namely 1 day (overnight), 1 week, 2 weeks, 1 month, 2 months, and 3 months.
- It is Non-ARO (Non-Automated Roll Over), meaning the MMTD expires at the end of the agreed period and cannot be extended.
- Minimum placement of IDR 50,000,000,000 or USD5,000,000.
- Received a Notification Letter of MMTD placement as proof of fund placement.
- Provides competitive interest rates.
- Deposits are not tradable.
Benefits
- As a means of customer investment in the future.
- Adding alternative investment options for customers in Rupiah and USD.
- Customers can find information and offers on bank products and services.
Risks
- LPS does not guarantee savings accounts with balances exceeding IDR 2 billion and interest rates exceeding the interest rate set by LPS.
- Potential fluctuations in the MMTD interest rate and the USD exchange rate due to market conditions.
- Potential for failure due to internal system or process issues, external events, and human error.
Requirements and Procedure