KB Kookmin Bank Raises Savings and Deposit Interest Rates by up to 0.3%P
[Asia Economy Reporter Buaeri] KB Kookmin Bank announced on the 31st that it will raise the interest rates on savings and time deposits by up to 0.3 percentage points.
Starting today, Kookmin Bank will increase the interest rates on 34 types of fixed deposits and installment savings.
The interest rates for the 'Business Owner Preferential Savings' to support small business owners struggling due to COVID-19 and the 'KB Kookmin First Financial Planning Savings' for young adults will be raised by 0.3 percentage points.
For the KB Double Moa Deposit, the maximum annual interest rate for a 1-year term will change to 2.55%, and for the KB Kookmin Premium Savings, the maximum interest rate for a 5-year term will change to 3.75%.
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Meanwhile, major commercial banks are gradually raising their deposit interest rates. Woori Bank raised interest rates on savings and time deposit products by up to 0.4 percentage points starting from the 27th. Shinhan Bank and NH Nonghyup Bank also raised their rates by up to 0.4 percentage points and 0.25 percentage points respectively from the previous day. Hana Bank increased the interest rates on a total of 22 deposit products, including savings and time deposits, by up to 0.25 percentage points.
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