Harmony Plus Savings

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Harmony Plus Savings is an attractive savings account with monthly draws held in February each year.

  Minimum initial deposit of IDR 100,000

• Minimum deposit balance of IDR 100,000
• The next deposit is at least IDR 50,000
• Withdrawals are not restricted
• Progressive savings interest rates based on balance:

 Balance Range	 Annual Interest Rate
 IDR 100,000 – IDR 500,000,000	 1.50%
 >IDR 500,000,000 – IDR 1,000,000,000	 1.75%
 >IDR 1,000,000,000 – IDR 2,000,000,000	 2.50%
 >IDR 2,000,000,000	 4.00%

• LPS guarantee interest rate: 6.50% per annum (valid from the date of publication of the brochure)

Cost

Fee Type	Nominal
Monthly administration	IDR 3,000
Book replacement	IDR 10,000
Passive account penalty	IDR 3,000
Account closure	IDR 10,000
Taxes on interest	Valid if the balance > IDR 7,500,000

Note:

• A passive account is an account with no transactions for 6 months

Account Opening Requirements

1. Bring your identity (KTP/SIM/Passport/NPWP – optional)
2. Fill out the account opening request form
3. Fill out the signature specimen form

Benefit

1. Rewarded savings with lots of exciting rewards
2. Competitive interest rates
3. Easy requirements
4. Low administration fees
5. Can be used as a credit card
6. Guaranteed by the Deposit Insurance Corporation (LPS)

Risk

1. Risk of changes in savings interest rates at any time
2. Savings are not guaranteed by LPS if:
   • Total nominal deposits exceeding IDR 2,000,000,000
   • Deposit interest rates exceed LPS guarantee rate
3. Passive accounts can be closed by banks

 

Harmoni Plus Savings Interest Calculation Simulation

Lowest Balance	Interest	Interest Received	Interest After Tax
IDR 10,500,000	1,50%	IDR12,945,21	IDR10,356,16
IDR1,500,000,000	2,50%	IDR 3,082,191,78	IDR 2,465,753.42

Symbol Explanation and Terms

• Lowest account balance in one month

 ** Interest rate in one year

 *** Interest calculation for 1 month (30 days)

 **** Interest tax deduction of 20% if the balance is above IDR 7,500,000

Additional Information

1. Harmoni Plus Savings can be owned by all levels of society individually.
2. The bank issues a passbook as proof of ownership and records the account in the saver's name.
3. If there is a difference in the balance between the passbook and the bank bookkeeping, then the bank bookkeeping is used as a reference, unless it is proven that there is an error.
4. Loss or misuse of passbooks is the responsibility of the saver and must be reported to the bank with a Certificate of Loss from the police.
5. The bank reserves the right to close the account if the data provided proves to be incorrect or false.
6. The passbook must be submitted to the bank upon account closure and become the property of the bank.
7. The depositor is subject to the terms and conditions applicable at the bank.
8. Withdrawals are required to show a passbook and personal identity. If represented, it must be accompanied by a power of attorney and the original identity of the grantor and the beneficiary.
9. Deposits and withdrawals are made on weekdays and are instantly credited to the account.
10. The bank reserves the right to change the terms and conditions by announcement at the bank's office.
11. Interest rates are subject to change at any time. Currently: 1.5% for a minimum balance of IDR 10,500,000 and 2.5% for a minimum balance of IDR 1,500,000,000.
12. Depositors are only allowed to have one master number.