Woori Bank Raises Interest Rates on 46 Savings and Deposit Products by up to 0.8%P

[Asia Economy Reporter Song Seung-seop] Woori Bank decided on the 13th to raise the interest rates of 21 fixed deposits and 25 installment savings accounts by up to 0.8 percentage points in line with the Bank of Korea's base rate hike.

For deposit products, the non-face-to-face exclusive 'Woori First Transaction Preferential Deposit' will be increased from a maximum annual rate of 3.10% to 3.60%. Other fixed deposit product rates will be raised by 0.25 to 0.50 percentage points. The market interest rate-linked product 'WON Plus Deposit' will reflect the rate hike and offer the highest interest rate level among commercial banks.

Among installment savings products, the 'Woori SUPER Main Transaction Installment Savings' will rise from a maximum annual rate of 3.65% to 4.15%, and the 'Woori Eusseuk (ESG) Installment Savings' will increase from 2.90% to 3.70%. Not only non-face-to-face products but also most installment savings products sold at branches will see interest rates rise by 0.20 to 0.80 percentage points.

A Woori Bank official stated, "We promptly raised product interest rates following the base rate hike," adding, "We plan to provide customers with tangible benefits by immediately reflecting market interest rates during the rate hike period."

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