KB, Shinhan, and Hana to raise interest rates on deposits and savings accounts by up to 0.4%p

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As the Bank of Korea raised the base rate by 0.25 percentage points, commercial banks also started raising interest rates on deposits and savings accounts.

Shinhan Bank announced on the 15th that it will raise interest rates for 36 types of fixed deposits and savings-type deposits by up to 0.4 percentage points from the 18th in accordance with the central bank rate hike.

The maximum interest rate for the ‘Beautiful Container Time Deposit’, which encourages eco-friendly practices, will increase by 0.4 percentage points to 2.2%, and the maximum interest rate for the one-year maturity ‘R.Sol Savings Savings’, which can deposit up to 3 million won per month, will also increase by 0.2 percentage points to 3.0%.

In addition, the interest rate of Shinhan Bank’s representative savings product ‘Shinhan S Dream Installment Savings’, which can select a period from 1 month to 60 months, will also be raised by up to 0.3 percentage points.

A Shinhan Bank official explained, “In line with the recent rise in market interest rates and the central bank rate hike, we have also raised the interest rates for deposits and savings accounts applied to customers.”

KB Kookmin Bank will also raise interest rates for 39 types of time deposits and savings-type deposits by up to 0.4 percentage points from the 18th.

Accordingly, the maximum interest rate for 3-year maturity of KB Kookmin Bank’s companion animal themed product, ‘KB Companion Happiness Savings,’ will increase to 3.60% per annum, and the maximum interest rate for one year of ‘KB Double More Deposit’ will increase to 2.30% per annum.

Interest rates on the ‘KB Golden Life Pension Preferred Deposit’ and ‘KB Golden Life Pension Preferred Savings Deposit’ for senior customers and the ‘KB Palpitating Travel Savings Deposit’, a travel-specialized product, will increase by 0.4 percentage points each.

An official from KB Kookmin Bank said, “We decided to raise the deposit rate in line with the base rate hike and the recent rise in market interest rates.

From the 18th, Hana Bank will also raise the interest rate for its representative products by up to 0.35 percentage points.

The maximum interest rate for a one-year term deposit will rise by 0.25 percentage points from 1.90% to 2.15%, and the maximum interest rate for two-year deposits will rise by 0.30 percentage points from 1.95% to 2.25%, respectively.

369 term deposits, which can receive high interest rates even if canceled prematurely, can receive a maximum interest rate of 1.80% as the basic interest rate for 1-year maturity products is increased by 0.35 percentage points.

Salary Hana monthly compounded interest savings and main transaction Hana monthly compounded interest installments will be raised from 2.70% to 2.95% at one-year maturity, and from 3.0% to 3.25% at three-year maturity, respectively.

For the remaining 27 types of savings and savings products, the basic interest rate will be raised by 0.25 percentage points from the 21st.

An official of Hana Bank said, “The BOK decided to raise the interest rate in line with the base rate hike, to resolve uncertainty among customers of savings and savings accounts, and to help customers increase their assets. It will be implemented quickly,” he said.

Woori Bank and NH Nonghyup Bank, the other five major commercial banks, are also considering raising interest rates on deposits and savings accounts. IBK Industrial Bank of Korea, a national bank, and SC First Bank, a foreign commercial bank, are also highly likely to raise the deposit interest rate, which is the interest rate for deposits and savings accounts.

[ⓒ 세계일보 & Segye.com, 무단전재 및 재배포 금지]


Source: 경제 by www.segye.com.

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