Due to Base Rate Hike... Hana Bank Deposit Product Interest Rates Increase by up to 0.30%P

Interest Rate Increase on 26 Deposit Products Including Savings and Time Deposits

Lee Chang-yong, Governor of the Bank of Korea, is presiding over the Monetary Policy Committee plenary meeting held on the 25th at the Bank of Korea in Jung-gu, Seoul. 220825

[Asia Economy Reporter Minwoo Lee] Following the Bank of Korea's decision to raise the base interest rate to 2.5%, Hana Bank has decided to increase the interest rates on deposit products such as savings and time deposits by up to 0.30 percentage points (P).

Hana Bank announced on the 25th that in response to the Bank of Korea's base rate hike, it will raise the interest rates on a total of 26 deposit products, including 18 types of savings and 8 types of time deposits, by up to 0.30%P starting from the 26th.

Accordingly, for the 'Geubyeo Hana Monthly Compound Interest Savings' and 'Jugyerae Hana Monthly Compound Interest Savings,' the maximum interest rate for a 1-year term will increase from 3.70% to 3.95%, and for a 3-year term, from 4.0% to 4.25%, each rising by 0.25%p.

For the '369 Time Deposit' 1-year product, which offers high interest rates even in case of early withdrawal, the base interest rate will increase by 0.30%p, providing a maximum rate of 3.10%.

A Hana Bank official stated, "In line with the Bank of Korea's base rate hike and the rise in market interest rates, we have decided to raise deposit interest rates to provide practical assistance in increasing the assets of customers using Hana Bank," adding, "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.