BNK Busan Bank Regular Savings and Installment Savings Interest Rates Increase ... Up to 0.30%p Raise by Product

BNK Busan Bank Headquarters.

[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Yong-woo] BNK Busan Bank's interest rates on savings and time deposits will increase starting from the 31st.

BNK Busan Bank announced on the 30th that it will raise the interest rates on time deposits and savings by up to 0.30%p depending on the product.

Busan Bank decided to raise deposit products by 0.15%p to a maximum of 0.25%p and savings products by 0.20%p to a maximum of 0.30%p in line with the Bank of Korea's base rate hike.

First, the interest rate for the product 'BNK Naemamdaero Deposit,' which allows customers to directly select and change preferential rates, will increase by 0.25%p from the previous highest annual rate of 2.15% to 2.40% for the one-year term.

For savings products, the interest rate for the '2030 Busan World Expo Savings,' a product supporting the bid for the World Expo in Busan, will increase by 0.30%p from the highest annual rate of 4.30% to 4.60% for the three-year term.

Other savings and deposit products will also be promptly raised by about 0.25%p for terms of one year or more to reflect the Bank of Korea's base rate hike.

Busan Bank had previously raised interest rates on time deposits and savings by up to 0.4%p in April in line with the Bank of Korea's base rate increase.

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