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A digital-based term savings account with flexible time periods tailored to each customer’s financial goals.

 

Benefits

  1. Open your account online without visiting a bank branch.

  2. Affordable initial and monthly deposits.

  3. Attractive reward packages.

  4. Helps build consistent saving habits and financial discipline.

 

Terms and Conditions

  1. You must have a main account (Primary Account – My MiND), and the Online Term Savings Account must be opened under the same customer name (CIF).

  2. You must provide an email address when opening the Online Term Savings Account.

  3. The monthly deposit will be automatically debited from your main account each month on the same date as your account opening, starting immediately upon account creation.

  4. The Bank may terminate the Online Term Savings service if:

    • Requested by the customer before the savings period ends.

    • The customer passes away.

    • Insufficient funds in the main account after the grace period expires.

    • The main account is blocked by regulatory or authorized institutions in accordance with applicable laws.

  5. The Bank provides a 3 (three) business day grace period for customers to fund their main account after the monthly debit due date.

  6. Ensure your mobile network is stable during the account opening process until you receive confirmation that your account has been successfully created.

 

Additional Information

  1. Account opening and closure can only be done via the MiND by Bank Mestika app.

  2. You may open more than one Online Term Savings Account.

  3. If the monthly debit date falls on a public holiday, the debit will occur one business day earlier.

  4. You must maintain sufficient funds in your main account one business day before the scheduled debit date.

  5. Cancellation of participation after the grace period ends is considered early withdrawal and will be subject to a penalty based on the selected reward.

  6. Deposits are counted on the same day only if the funds are received in the main account by 18:00 WIB. Funds credited after 18:00 WIB will be recorded the next business day and may cause failed monthly debits.

  7. Cashback rewards will be credited to the main account within a maximum of 5 (five) business days from the account opening date.

  8. Upon maturity or early termination, the Online Term Savings funds will be credited to your main account.

  9. The Online Term Savings Account will be automatically closed by the system when the saving period ends or if a failed debit triggers early withdrawal.

  10. Early withdrawal (whether requested by the customer or due to failed debit) will incur a penalty based on the Bank’s penalty table agreed upon during account opening.

 

Download  Overview of Product and Service (Personalized) of Online Term Savings