Welcome Savings Bank Raises Savings Interest Rates by up to 1.5%P... Maximum Annual Rate of 6.5%
[Asia Economy Reporter Song Seung-seop] Welcome Savings Bank announced on the 22nd that it will raise the interest rates on regular savings deposits by up to 1.5 percentage points.
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The products to which the interest rate increase applies are the First Transaction Preferential Regular Savings, Wellbang Haja Regular Savings, Check Plus 2 Regular Savings, and Regular Savings. The First Transaction Preferential Regular Savings will have its base interest rate increased by 1.0 percentage point annually, and when preferential interest rate conditions are met, a maximum interest rate of 6.5% will be applied. The Wellbang Haja Regular Savings also raised its base interest rate from 1.0% to 2.0%. The maximum interest rate based on preferential conditions is 5.5% annually. The Check Plus 2 Regular Savings offers up to 5.2% (24 months), and the Regular Savings offers up to 4.3% (36 to less than 60 months).
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