Woori Bank Raises Savings and Deposit Interest Rates by up to 0.30%P

[Asia Economy Reporter Song Seung-seop] Woori Bank will raise the interest rates on 21 regular savings accounts and 17 installment savings accounts by up to 0.30 percentage points on the 19th.

Woori Bank's non-face-to-face exclusive product, 'Woori First Transaction Preferential Deposit,' will increase from a maximum annual rate of 2.5% to 2.8%. The 'WON Deposit,' which offers a preferential rate equal to the basic interest rate on the new date upon maturity, will rise from 1.60% to 2.20%. The non-face-to-face exclusive product 'WON Installment Savings' will change from 2.60% to 2.80%, and the 'Woori Eusseuk (ESG) Installment Savings' will increase from 2.35% to 2.65%. In addition, the interest rates on most other deposit and installment savings products currently on sale will increase by 0.20% to 0.30 percentage points.

This measure was taken following the recent base rate hike by the Bank of Korea.

A Woori Bank official stated, "In the household credit loan sector, we are exploring measures such as expanding preferential interest rate margins and lowering loan interest rates to alleviate the burden on households due to the rise in market interest rates."

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