Welcome Savings Bank Raises Maximum Time Deposit Rate to 3.3% Per Annum
Welcome Savings Bank announced on March 19 that it will raise the maximum interest rate on its time deposit products to 3.3% per annum. This is an increase of 0.1 percentage points from the previous maximum rate of 3.2% per annum, and the new rate will take effect starting today.
This interest rate increase applies to the time deposit products offered at Welcome Savings Bank's branches, as well as through internet banking and mobile banking channels.
The time deposit offers an annual interest rate of 3.3% for terms of 12 months or more but less than 24 months.
Welcome Savings Bank recently strengthened its competitiveness in deposit products and is working to attract new customers by increasing the maximum interest rate of its flagship parking account product, the 'Welcome Main Transaction Account,' to 3.0% per annum.
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A representative from Welcome Savings Bank stated, "We decided to raise the interest rate to enhance customer benefits and to address various needs for fund management," adding, "We will continue to support customers in building stable assets and fulfill our role as a financial institution for ordinary people."
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