BNK Gyeongnam Bank Raises Interest Rates on Time Deposits and Savings by up to 0.50%p

Gyeongnam Bank Headquarters.

[Asia Economy Yeongnam Reporting Headquarters, Reporter Song Jong-gu] BNK Gyeongnam Bank announced on the 12th that it has raised the interest rates on deposit products such as fixed deposits and installment savings by up to 0.50%p.

The interest rates on seven lump-sum deposit products including Fixed Deposit, ManiMani Fixed Deposit, Housing Subscription Deposit, ISA Dedicated Fixed Deposit, and special promotional products were increased by 0.45%p to a maximum of 0.50%p. (Only the ISA Dedicated Fixed Deposit rate increase will take effect from October 17)

Accordingly, the Happy Together Fixed Deposit and Ulsan 2022 Fixed Deposit, which are being specially sold, offer a maximum annual interest rate of 4.30% for a 1-year maturity. (Before tax)

The interest rates on 20 installment savings products including Fixed Installment Savings, Mutual Installment Savings, ManiMani Free Installment Savings, Happy DREAM Installment Savings, and iDREAM Free Installment Savings were raised by 0.30%p to a maximum of 0.50%p.

The interest rates on three short-term deposit products including Negotiable Certificates of Deposit, Repurchase Agreement Bonds, and Promissory Notes were increased by 0.50%p.

For more details on the interest rate increases for deposit products, customers can check at BNK Gyeongnam Bank branches or on the official website.

Choi Myung-hee, Head of the Marketing Promotion Department, said, “We have proactively raised the interest rates on deposit products in preparation for the Bank of Korea’s base rate hike. We will continue to actively reflect market interest rate conditions to ensure that customers receive significant benefits.”

BNK Gyeongnam Bank is specially selling products such as ▲Happy Together Fixed Deposit ▲Ulsan 2022 Fixed Deposit ▲This Year’s Deposit (Season 2).

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