tabungan

Tabungan is a basic savings product offered by banks and financial institutions, designed to hold money and earn interest while preserving liquidity. In Indonesia and other Malay-speaking regions, tabungan also refers to the act of saving money, and the account is commonly used by individuals for routine savings and payments.

Features and operation typically include the ability to deposit and withdraw on demand, access via teller, ATM, online banking, or mobile apps, and a record such as a passbook (buku tabungan) or digital statements. Opening balances vary by bank, and some accounts charge monthly maintenance fees or require maintaining a minimum balance to avoid fees. Interest is paid on the balance, with rates depending on the bank and product. Many tabungan accounts come with a debit or ATM card and basic payment services, and deposits may enjoy government-backed insurance up to a specified limit in most jurisdictions.

Variants and comparisons: Tabungan differs from time deposits (deposito berjangka), which lock funds for a fixed term in exchange for higher interest, and from checking or giro accounts, which focus on payments and may offer little to no interest. Banks often offer multiple tabungan variants, including options targeted at students, salary accounts, or seniors, each with distinct benefits, requirements, and fee structures.

Role in personal finance: Tabungan supports financial management by providing a safe, accessible place to store funds, encourage saving behavior, and facilitate everyday transactions. It also plays a key role in financial inclusion by offering low-threshold savings options suitable for a broad range of customers.