Right After Big Step... Hana Bank Raises Savings and Deposit Interest Rates by Up to 0.9%p

Interest Rate Increase on 30 Types of Savings and Deposit Products

[Asia Economy Reporter Yu Je-hoon] Hana Bank announced on the 13th that it will raise the base interest rates of 30 deposit and savings products (8 deposit products, 22 savings products) by up to 0.9 percentage points (p) starting from the 14th, reflecting the Bank of Korea's base rate hike. According to this measure, the interest rates for installment savings will increase by 0.25 to 0.8 p, and for lump-sum deposits by 0.5 to 0.9 p, depending on the subscription period of each product.

The ‘Naejipmaram Double-Up Savings,’ which applies double the interest rate at maturity when subscribed simultaneously with the Housing Subscription Comprehensive Savings, will rise by 0.25 p, increasing the 1-year maturity rate from a maximum annual 5.0% to 5.5%. Hana Bank’s representative monthly compound interest savings products, ▲Jugeorae Hana Monthly Compound Interest Savings ▲Geupyeo Hana Monthly Compound Interest Savings ▲Yeongeum Hana Monthly Compound Interest Savings, will see their interest rates raised by 0.5 p each: for 1-year maturity, from a maximum 3.2% to 3.7%, and for 3-year maturity, from a maximum 3.5% to 4.0%.

Additionally, the ‘Haengbok Knowhow Pension Deposit,’ designed for customers who wish to receive principal and interest monthly, will increase by 0.9 p, changing the 1-year maturity base interest rate to a maximum annual 2.8%. The ‘3·6·9 Fixed Deposit (1-year product),’ which offers high interest rates even in case of early termination, will have its base interest rate raised by up to 0.85 p, applying an annual rate of 2.8%.

A Hana Bank official stated, "We decided to raise deposit interest rates promptly reflecting the Bank of Korea’s base rate hike to provide practical help in increasing the assets of customers using Hana Bank," and added, "We will continue to monitor market conditions and operate customer-centered interest rate policies going forward."

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