NongHyup Bank Raises Savings and Deposit Interest Rates by up to 0.40%p

[Asia Economy Reporter Eunju Lee] NongHyup Bank will raise deposit and savings interest rates by up to 0.40 percentage points (p) starting from the 29th.

The fixed deposit interest rate at NongHyup Bank will increase by 0.25 p, and the installment savings interest rate will rise by 0.25 to 0.40 p.

The Bank of Korea's Monetary Policy Committee raised the base rate by 0.25 percentage points from 2.25% to 2.50% on the same day. This is interpreted as a measure following the 0.25 p rate hike.

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