Do you run your own business or are just starting a business? As a business owner, you certainly want the money from your business to continue to grow. There are many ways to grow business income, one of which is by keeping business funds in deposits. Why choosing a deposit is the right thing?
Why Choose a Term Deposit for Your Business
Surplus business funds? This is a great sign. Business is running as expected. Business income is greater than expenses. But, rather than being left idle, it would be better if these surplus funds could grow.
1. Deposits are safe and low-risk investment instruments
Unlike stocks, deposits provide peace of mind because they are not affected by market conditions. When you invest business funds in a deposit, you already know how much interest you will receive and how much money you will get when the deposit matures.
By putting your business funds in a Jago Term Deposit, you can choose to save money for 1, 3, 6 or 12 months. By investing starting from Rp1,000,000 in a Jago Term Deposit, you can already enjoy a competitive interest. You can check the latest Jago Term Deposit interest rates at any time on this page.
Not bad for adding cash reserves right? Especially if you save more, of course the total interest that you will get will also be greater.
2. Deposits can be used as a place to build emergency funds for business
We hear a lot about the importance of an emergency fund in our personal lives. But it turns out, an emergency fund also needs to be prepared to anticipate various unexpected events that might happen to your business. Some examples of business emergencies are floods, fires that destroy the building where you run your business, equipment failure that must be fixed or even replaced, cyberattacks, data loss, etc.
By building your business emergency funds in a Jago Term Deposit, you can have peace of mind. Unlike deposits in general, the Jago Term Deposit provides you with the option of withdrawing early or before the maturity date without imposing penalties or fines. And, if you choose monthly interest payment, you don't need to worry about the interest that has been transferred into your Main Pocket every month being taken back.
3. Deposits secure company money intended for future business goals
Who doesn't want their business to progress or continue to grow? In the future, you might want to expand your business by opening new branches in various places. Maybe you also want to diversify the products you sell, and to be able to create something unique and different from other business products, research is needed.
One thing is certain, future company goals require costs that may not be small. In this case, deposits can secure company funds. Consistent saving in deposits ensures you are one step closer to achieving your goals.
It's Easy to Save Business Funds in Jago Term Deposit
Apart from getting all the benefits above, you are free from the hassle of opening and withdrawing deposits if you choose Jago Term Deposit.
When you want to open a Term Deposit, you can do it online through the Jago application. Fill in the deposit details as desired and confirm. Your Term Deposit is created right away.
Then what about when the Term Deposit matures? It's just as easy and fast as when you made the Term Deposit at the beginning. All processes are carried out via the Jago application, so you don't have to bother stopping by Bank Jago. Funds kept in the Term Deposit (along with interest if you choose to cash out the principal funds along with interest at the end of the period) will go directly to the Main Pocket at maturity.
Can Open Many Deposits Through the Jago Application
No less important is that if you want to open many deposits, you can do it with Jago. For example, in addition to growing company funds, you also want to save in deposits for personal financial needs or goals such as building child's education funds if you have a family, buying a car and preparing funds for umrah or hajj.
You can create up to 20 Jago Term Deposits as needed. As such, funds for business needs and personal needs do not mix. In addition, it will be much easier when you want to monitor each of your savings or investments.
