Unlike the loan interest rate, the deposit rate is not reflected immediately.
That’s why it’s important to choose a place with a high interest rate when you sign up for the first time.
Since the interest rates for term deposits differ from bank to bank, be sure to compare before signing up. Today, we will look at the comparison of term deposit interest rates and the ranking of high places.
Term Deposit Interest Rate Comparison 정기예금 금리비교
Determination of deposit interest rates 좋은뉴스
The deposit interest rate is calculated in consideration of the base rate announced by the Bank of Korea. The deposit rate trend basically coincides with the base rate trend. However, since deposit products are mainly fixed-rate deposits with maturities of one to two years, in the case of deposit interest rates, there is a time lag before the base rate increase is reflected in the deposit interest rate.
loan interest rate difference
In the case of loan interest rates, a significant portion of the loan balance is a variable rate loan and is linked to market interest rates such as financial bond interest rates and COFIX.
When the interest rate calculation cycle of 3 to 6 months arrives, it is immediately reflected in the loan interest rate according to changes in the base interest rate and the market interest rate.
Base rate trend
Term Deposit Interest Rate Comparison
1. You can compare interest rates on term deposits on the Consumer Portal of the Federation of Banks.
Korea Federation of Banks Consumer Portal
2. Select a bank to compare interest rates with. KDB Industrial Bank, NH Nonghyup Bank, Shinhan Bank, Woori Bank, Standard Chartered Bank, Hana Bank, IBK Industrial Bank, KB Kookmin Bank, Citibank Korea, SH Suhyup Bank, DGB Daegu Bank, BNK Busan Bank, Kwangju Bank, Jeju Bank , Jeonbuk Bank, BNK Kyongnam Bank, K Bank, Kakao Bank, Toss Bank, etc. can be selected.
Term Deposit Interest Rate Comparison Result
3. Compare the interest rate results. You can compare interest rates for 6-month, 12-month, 24-month, and 36-month term deposits. You can sort in ascending or descending order by clicking the number of months in the table. As of today, IBK’s 36-month term deposit interest rate is 4.05%.
Notes on comparison of deposit interest rates
The comparative results are provided as a schematic reference.
The disclosed interest rate is the interest rate before tax deduction, please check “Details” for more information.
The disclosure may be delayed due to information change and time lag, so please contact your bank for details.