OK Savings Bank Raises Deposit Product Interest Rates by up to 0.6 Percentage Points
[Asia Economy Reporter Song Seung-seop] OK Savings Bank raised the interest rates on major deposit products by up to 0.6 percentage points on the 21st.
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The interest rate for the demand deposit product ‘OK Bedaemyeon Botong Yegum’ will be increased by 0.6 percentage points. An interest rate of 3.3% per annum is applied to deposits up to 100 million KRW. However, the amount exceeding this will continue to receive the existing pre-tax interest rate of 1.0% per annum. The ‘Jungdohaeji OK Jeonggi Yegum 369’ saw a 0.2 percentage point increase to 3.4% per annum (pre-tax). This product’s interest rate changes every three months, and the agreed interest rate (variable rate every three months) is applied even if deposited for just one day.
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