Sangsangin Group Raises Savings Bank Deposit Interest Rates... Up to 4.21% Annually

[Asia Economy Reporter Song Seung-seop] Sangsangin Savings Bank and Sangsangin Plus Savings Bank, subsidiaries of Sangsangin Group, announced on the 23rd that they will raise the interest rates on major deposit products by up to 4.21%.

The interest rate hike applies to revolving time deposits and fixed deposits. The rates will be increased by up to 0.2 percentage points. The revolving time deposit product offers an interest rate of up to 4.21% per annum, and if the interest rate rises during the subscription period, the higher rate will be applied. The subscription period can be selected in one-year increments from a minimum of 24 months up to 60 months. For fixed deposits, if the subscription period is 12 months or longer, an interest rate of up to 4.01% per annum is applied, and for 24 months, the rate is 4.11% per annum.

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