BCA deposits offer many advantages such as competitive interest rates, flexible facilities, and term options to suit your needs, making them an attractive investment choice.
Investing in deposits is one of the choices for many people who want to save money safely while getting profit in the form of interest.
Bank BCA, as one of the largest banks in Indonesia, offers time deposit products with various advantages that make them worthy of consideration as an investment instrument.
BCA provides competitive interest rates, flexibility in terms of time, and various facilities that make it easier for customers. This article will review 10 advantages of BCA deposits that make it an attractive and profitable investment choice.
1. Very Competitive Interest Rates
One of the main reasons why many people choose BCA deposits is because the interest offered is very competitive compared to other banks.
CA consistently offers deposit interest rates that can compete with other banks, allowing customers to get maximum profit from their investments.
With high interest rates, the funds you save in BCA Deposits will grow better, making it an excellent choice for short or medium-term financial goals.
2. Can be made in the name of a person or company
Another advantage of BCA deposits is their flexibility in creating accounts. You can open a BCA deposit in your personal or corporate name according to your needs.
If you are an individual who wants to save or invest in the long term, then you can open a deposit in your personal name.
However, if you have a business or company, you can also make a deposit in the name of the company to manage company funds. This flexibility allows BCA to serve various types of customers with different needs.
3. Flexible Deposit Period
BCA deposits offer a variety of term options that can be adjusted to your investment goals. You can choose a deposit period starting from 1 month, 3 months, 6 months, to 12 months.
With these various time period options, you can adjust the deposit to your funding needs. If you need funds in the near future, you can choose a shorter period.
Meanwhile, if you want to get more optimal interest and are not in a hurry to withdraw funds, you can choose a longer period.
4. Currency Used in Rupiah
BCA Deposit uses Indonesia’s native currency, namely Rupiah (IDR), for its term deposit products.
This makes it very easy and practical for domestic customers who want to invest without having to worry about foreign currency conversion.
You can invest an amount that suits your capabilities, without being affected by fluctuations in international currency exchange rates. This advantage is very beneficial for those who want to avoid risks associated with foreign currencies.
5. Automatic Interest Transfer Facility
BCA provides convenience for customers in managing interest earned from deposits through automatic transfer facilities. With this facility, the interest you earn from deposits can be directly transferred to your savings account, be it a BCA account or another bank account.
This makes it very easy for you to manage deposit interest and use it for other purposes without having to bother with the manual transfer process. You can also choose to transfer interest automatically to an account that you have specified.
6. ARO and Non-ARO Facilities
BCA offers two types of roll over (ARO) facilities to make it easier for customers who want to extend their deposits. ARO (Automatic Roll Over) means that your deposit will be automatically extended for the same period without the need for additional notification or procedures.
This is very beneficial for those of you who want to let your funds continue to grow without having to worry about extending your deposit.
On the other hand, if you choose Non-ARO (Non-Automatic Roll Over), your deposit will end according to the agreed period, and you can decide whether or not to extend it afterwards.
7. ARO Plus (Automatic Roll Over Plus) Facility
The ARO Plus facility provides more benefits compared to regular ARO. With ARO Plus, your deposit is not only automatically extended, but the interest earned will increase each time an extension is made.
This facility allows your deposit interest to grow over time, giving you more benefits without the hassle of managing extensions manually. This facility is perfect for customers who want to enjoy maximum interest growth.
8. You don’t have to have a savings account at BCA
Another advantage of BCA deposits is that you do not need to have a savings account at BCA to open a deposit. So, if you already have an account at another bank and want to take advantage of deposit products from BCA, you can still open a deposit without having to change banks.
This provides more flexibility for customers who want to continue using their existing bank but still benefit from BCA deposits that have competitive interest rates.
9. Guaranteed Security with LPS Guarantee
Like other banking products, BCA deposits are guaranteed by the Deposit Insurance Corporation (LPS) which provides a sense of security for customers.
With this guarantee, your funds will be protected up to the limit determined by LPS. This provides more confidence for customers who are worried about the potential risk of losing funds due to losses that may occur to the bank.
10. Easy and Fast Opening Process
The process to open a BCA deposit is very easy and fast. You only need to visit the nearest BCA branch, fill out the form, and complete the required documents, such as an identity card and NPWP (if required).
If you are already a BCA customer, you can open a deposit online via BCA mobile services or internet banking. This makes it easier for you to open a deposit account anytime and anywhere without having to come directly to the branch.
BCA Deposit is a very attractive investment option for those of you who want to save safely while getting competitive interest.
With various advantages such as high interest rates, flexible term options, automatic rollover facilities, and security guaranteed by LPS, BCA offers deposit products that are suitable for various types of customers.
Plus, you don’t need to have a savings account at BCA to open a deposit, giving you more convenience and flexibility. With these various advantages, BRI Deposits can be the right choice to manage and develop your funds safely and profitably.