Sh Suhyup Bank Raises Deposit Interest Rates... Up to 3.8% on Savings

[Asia Economy Reporter Buaeri] Sh Suhyup Bank announced on the 7th that it has raised the base interest rates of major deposit products following the Bank of Korea's base rate hike.

For individual customers, installment deposit products such as 'Saranghae Jeonggi Deposit', 'Eochon Welfare Deposit', 'Dokdo Sarang Deposit', 'Sh Marine Plastic Zero! Deposit', and 'Hey Jeonggi Deposit' have been increased by 0.25 to 0.55 percentage points depending on the subscription period.

The 'Ddanjumeoni Deposit', which allows free deposits and withdrawals, was raised by 0.8 percentage points, applying a maximum annual interest rate of 2%.

Savings deposit products such as 'Partner Household Installment Savings', 'The Plus Installment Savings', and 'Sh Marine Plastic Zero! Installment Savings' were also increased by 0.25 percentage points depending on the subscription period.

'Sh Plus Alpha Deposit' increased by up to 0.3 percentage points, offering a maximum interest rate benefit of 3.8% for a 1-year maturity.

'Sh Marine Plastic Zero! Installment Savings' offers a maximum interest rate of 4.05% for a 3-year maturity.

Interest rates for deposit products for corporate customers were also raised.

Accordingly, interest rates for installment and savings deposit products such as 'Saranghae Jeonggi Deposit', 'Eochon Welfare Deposit', 'Sh Marine Plastic Zero! Corporate Deposit', and 'Sh Bogosipda! Myeongtaeya Installment Savings II' were increased by 0.1 to 1 percentage point depending on the subscription period.

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