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Term Deposit
Differences between Jago Term Deposit and Locked Pocket
Here are the differences between Jago Term Deposit and Locked Pocket:
| Locked Pocket | Term Deposit | |
| Early unlocking/ withdrawal penalty |
Early unlocking fee* | No penalty** |
| Min. deposit | Rp100.000 | Rp1.000.000 |
| Adding money during the ongoing term |
Max. Rp500.000.000 | - |
| Lock duration/deposit terms |
Min. 14 days Max. 6 months flexible, you can set the unlock date |
1, 3, 6, 12 months fixed terms |
| Interest rate*** | The latest interest rate of Term Deposit and Lock Pocket can be read here. | |
| Auto-renewal options |
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| Destination for disbursement | Bank Jago Locked Pocket will be changed into Savings Pocket |
Bank Jago (Main Pocket) Term Deposit Pocket will be closed |
| Pocket's purposes |
- For your short-to-mid term savings - To keep you disciplined with your savings for any of your financial goals |
- For your long term savings - To keep your emergency fund as it can be withdrawn anytime with no penalty**! |
*Learn more about the early unlock fee for Locked Pocket here.
**For the Term Deposit with a monthly interest disbursement option, the accumulated interest that's not been paid out will be forfeited when you withdraw your Term Deposit early.
***Interest rate can change at any time according to bank policy and will be informed through media owned by Jago.
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About Jago Term Deposit
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How to open a Term Deposit
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Time to Manage Your Money
the Way You Want
Create up to 60 Jago Pockets (bank accounts) without monthly admin fees to start saving, transacting, and managing expenses.
Open a Term Deposit in minutes directly from the app and get competitive interest. Withdraw your Deposit early (if needed) without penalties. Plus, there is a free quota for inter-bank transfers and e-Wallet top-ups up to 150x according to Account Level.
Grab your smartphone, scan the QR code below to download and register Jago from anywhere and anytime.
