Sh Suhyup Bank Raises Deposit Interest Rates... Some Savings Products Offer Up to 4.8%

[Asia Economy Reporter Buaeri] Sh Suhyup Bank has raised the base interest rates of major savings and time deposit products by up to 1.15 percentage points depending on the subscription period, following the Bank of Korea's base rate hike.

According to Suhyup Bank on the 19th, demand deposits for individual customers such as 'Saranghae Time Deposit', 'Fishing Village Welfare Deposit', 'Dokdo Sarang Deposit', 'Sh Marine Plastic Zero! Deposit', and 'Hey Time Deposit' have had their base interest rates increased by 0.20 to 1.15 percentage points depending on the subscription period.

'Hey Time Deposit' offers a maximum interest rate of 4.8% without any conditions, and the special promotion 'Sh Plus Alpha Deposit' for individual customers provides a maximum interest rate of 4.7% for a 1-year maturity.

The public interest product supporting marine environment protection, 'Sh Marine Plastic Zero! Installment Savings', offers a maximum interest rate of 5% for a 1-year maturity, and the 'Travel Installment Savings', popular among the MZ generation, offers a maximum interest rate of 6% for a 6-month maturity.

Suhyup Bank also raised interest rates by 0.2 to 0.7 percentage points depending on the subscription period for corporate customer deposit products such as 'Saranghae Time Deposit', 'Fishing Village Welfare Deposit', 'Sh Marine Plastic Zero! Corporate Deposit', as well as installment savings products like 'Regular Installment Savings' and 'New Freedom Savings'.

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