Still unsure about starting to invest because you don’t want to take on too much risk? Don’t worry, there is an investment solution that remains profitable and could be the ideal choice: time deposits. A time deposit is an investment product where you place a certain amount of money in a bank for a fixed period. During this period, the funds cannot be withdrawn. However, in certain cases, early withdrawal may be allowed under specific conditions.

If you want to start investing in a practical and low-risk way, Time Deposits on myBCA can help you achieve your financial goals. Enjoy the convenience of investing at your fingertips with flexible terms (1, 3, 6, or 12 months), competitive interest rates, and an initial deposit starting from just IDR1 million.

To optimize your investments and get the most out of them, it’s a good idea to implement a few simple strategies. Below are four investment tips you can apply:

1. Determine your goals

The main thing in investing is determining your goals. That way, you will have an idea of the estimated principal amount that needs to be deposited and the interest you will earn.

2. Determine the amount

The ideal deposit amount should be adjusted to your needs. In addition, the money to be deposited should be considered “spare cash.” This means that the funds are not needed in the short term.

3. Determine the time frame

When investing in deposits, you need to decide how long you want to keep your money invested. The time frame for fixed-term deposits varies, ranging from 3, 6, to 12 months.

4. Deposit extension

If you feel that investing in a deposit provides commensurate returns, there is no harm in extending the deposit period. Consider extending your deposit in one of the following ways:

• Principal Extension (ARO): automatic extension of the deposit principal without interest for the same period.
• Principal + Interest Extension (ARO Plus): automatic extension of the deposit principal along with the interest for the same period.

Let’s start investing through myBCA now to prepare for your financial future!