Sh Suhyup Bank Raises Interest Rates on 18 Deposit Products by up to 0.25%p
[Asia Economy Reporter Bu Aeri] Sh Suhyup Bank raised the base interest rates on major deposit products by 0.25 percentage points on the 7th.
A Suhyup Bank official stated, "Following the Bank of Korea's base rate hike, from today, the base interest rates on a total of 18 deposit products, including fixed-term deposits and installment savings for individual and corporate customers, will be increased by 0.1 to 0.25 percentage points depending on the range."
Accordingly, the deposit product for individual customers, 'Sh Haeyang Plastic Zero! Fixed Installment Savings,' offers a maximum annual interest rate of 3.4% for a 3-year maturity. The non-face-to-face exclusive product, 'Hey Fixed Deposit,' applies a maximum interest rate of 2.5% for a 1-year maturity.
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Deposit products for corporate customers, such as Saranghae Fixed Deposit and Sh Haeyang Plastic Zero! Corporate Deposit, will also have their base interest rates increased by 0.25 percentage points depending on the range.
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