BNK Busan Bank Raises Interest Rates on Regular Savings and Installment Savings Products by up to 0.70%p

Busan Bank Headquarters.

[Asia Economy Yeongnam Reporting Headquarters Reporter Hwang Dooyul] BNK Busan Bank will raise the interest rates on fixed deposits and installment savings by up to 0.70%p per product starting from the 17th.

In line with the Bank of Korea's base rate hike, installment savings products will increase by up to 0.70%p, and deposit products will also rise by up to 0.50%p.

First, the interest rate for the senior-exclusive 1-year installment savings product, "Baekse Cheongchun Silver Savings," which can be reinvested annually for up to 10 years, will be raised by 0.70%p from a maximum annual rate of 3.35% to 4.05%.

For deposit products, the interest rate for the ESG environmental product "Low Carbon Practice Deposit" will be increased by 0.50%p from a maximum annual rate of 3.45% to 3.95% for the 1-year term.

The interest rate for "BNK Nae Mamddero Deposit," a product where customers can directly select and change preferential rates, will be raised by 0.50%p from a maximum annual rate of 3.25% to 3.75% for the 1-year term.

Other deposit and installment savings products will also be promptly increased to reflect the Bank of Korea's base rate hike.

Park Bongwoo, Head of Marketing Promotion at Busan Bank, said, "We are strengthening customer-centered interest rate policies by quickly raising fixed deposit and installment savings rates in line with the ongoing interest rate hike trend this year while monitoring market conditions."

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