Woori Bank Raises Deposit and Savings Interest Rates by 0.25–0.30%p

▲ Woori Bank and Woori Financial Group

Woori Bank announced today (July 16) that it will raise interest rates on its deposit and savings products by 0.25 to 0.30 percentage points (p), effective from the 20th.

Interest rates for most deposit and savings products, including demand deposit accounts, will be increased by 0.25%p, while rates for some flagship products, such as the Woori SUPER Regular Deposit and Savings, will be raised by 0.30%p.

Following this adjustment, the maximum annual interest rate for the standard regular deposit (with a maturity of 1 year or more and less than 2 years) will rise from 1.95% to 2.20%, and the rate for the Woori SUPER Regular Deposit (with a maturity of 1 year or more and less than 2 years) will increase from 2.15% to 2.45%.

The maximum annual interest rate for the standard regular savings account with a maturity of 1 year or more and less than 2 years will be adjusted from 2.45% to 2.70%, while the rate for the Woori SUPER Main Transaction Regular Savings (1-year maturity) will be raised from 3.55% to 3.85%.

(Photo: Yonhap News)

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