Following KB Kookmin and Shinhan Bank, Hana Bank Also Raises Savings and Deposit Interest Rates by up to 0.35%P

Impact of Bank of Korea Base Rate Hike

[Asia Economy Reporter Minwoo Lee] Following KB Kookmin Bank and Shinhan Bank, Hana Bank will also raise interest rates on a total of 32 deposit products, including savings and time deposits. This is due to the Bank of Korea's recent base rate hike.

On the 15th, Hana Bank announced that it will increase interest rates by up to 0.35 percentage points on a total of 32 products, including savings and time deposits. This reflects the Financial Monetary Committee's decision the previous day to raise the base rate by 25 basis points (bp, 1bp=0.01%) to an annual rate of 1.50%.

Starting from the 18th, Hana Bank will raise the base interest rates by 0.25% to 0.35%p on five representative deposit and installment savings products, including Hana One Time Deposit, 369 Time Deposit, Salary Hana Monthly Compound Interest Savings, and Main Transaction Hana Monthly Compound Interest Savings.

Accordingly, the highest interest rate for the 1-year Hana One Time Deposit will increase from 1.90% to 2.15%, and the highest rate for the 2-year term will rise from 1.95% to 2.25%, representing increases of 0.25%p and 0.30%p, respectively.

For the 369 Time Deposit with a 1-year term, which applies high interest rates even in case of early withdrawal, the base rate will be raised by 0.35%p, offering a maximum interest rate of 1.80%.

The Salary Hana Monthly Compound Interest Savings and Main Transaction Hana Monthly Compound Interest Savings will see their highest rates for a 1-year maturity increase from 2.70% to 2.95%, and for a 3-year maturity from 3.0% to 3.25%, each rising by 0.25%p.

Additionally, starting from the 21st, the base interest rates on the remaining 27 deposit products will also be raised by 0.25%p.

Through this, the highest interest rate for the Hana Travel Savings with a 1-year maturity will increase from 2.95% to 3.20%, and for the Hana OneQ Savings with a 1-year maturity, the highest rate will rise from 2.85% to 3.10%, each increasing by 0.25%p.

A Hana Bank official stated, "In line with the Bank of Korea's base rate hike, we decided to raise interest rates to reduce uncertainty for deposit customers and help them grow their assets," adding, "We plan to quickly apply product interest rates according to future base rate changes and market conditions."

This content was produced with the assistance of AI translation services.