Nice to meet you, 2% deposit rate

Based on a little rise after the rate increase 
savings banks 2% product also 
significantly raised the interest rate in advance hybridization

After the benchmark interest rate hike, financial companies are raising the interest rate on their savings accounts to 2%. 

Woori Bank raised interest rates on fixed deposit rates by 0.1 to 0.3 percentage points starting on the first day after the rate hike, from 2.1 percent a year earlier to 1.8 percent from the previous year. Other commercial banks, including Kookmin Bank, Shinhan Bank, and KEB One Bank, are expected to increase interest and deposit rates within the same range this week. K bank, an Internet bank, raised the interest rate on "K-K" fixed deposit from 2.1% to 2.25%. 

In the savings bank, 2% of the second-half deposits also appeared. According to the 'Financial products at a glance' on the Financial Supervisory Service (FSS) on April 4, the highest interest rate is 2.75 percent higher than the e-commodity 'e- It was announced. Last week, Shinjong Savings Bank's non-face-to-face deposit of 2.63% was the best interest rate savings bank product. 

The interest rate on the insurance product which had been unstable rose slightly. Kyobo Life Insurance's December disclosure of savings-type insurance (excluding pension) was 2.53%, up 0.03%, and Hana Life's 0.03% point of savings-type insurance was 2.45%. 

On the other hand, the interest rate on loans has been somewhat lower than before the rate hike. KB Kookmin Bank's mortgage-backed long-term mortgage interest rate (0.07 percent) declined to 3.58 percent from 4.85 percent last week. Woori Bank's "Wibio apartment lending" interest rate also dropped to 3.52 percent from 3.57 percent.

The reason why deposit rates and lending rates are reversed is because deposit rates are linked to benchmark interest rates, and lending rates are linked to market rates. The market interest rate, which had played a major role in reflecting the base rate hike expectations in advance, declined as the possibility of further increases after the rate hike on May 30 was lowered. For this reason, after the base rate hike this time, the deposit interest rate has risen more than the lending rate. When the interest rate was raised by 0.5 percentage points from July to October 2010, the deposit interest rate rose 0.32 percentage point and the loan interest rate rose 0.08 percentage point.