OK Savings Bank Raises Time Deposit Interest Rates... Up to 4% Annual Return

On June 12, OK Savings Bank announced that it will raise the interest rates for its non-face-to-face exclusive time deposit product, "OK e-Time Deposit," as well as its branch-exclusive product, "OK Time Deposit."

OK e-Time Deposit is a non-face-to-face exclusive product with a fixed interest rate, making it suitable for managing surplus funds over a set period. With this rate increase, customers who subscribe to OK e-Time Deposit for a term of 3 months or more but less than 7 months will receive an annual interest rate of 4.0% (before tax).

The interest rate for the branch-exclusive "OK Time Deposit" has also been adjusted. This product offers an annual interest rate of 3.9% (before tax) for a term of 3 months or more but less than 7 months. In addition, customers who hold a regular savings account with OK Savings Bank that is eligible for normal transactions at the time of product opening can receive a preferential rate of 0.1 percentage points, enjoying a maximum annual interest rate benefit of 4.0% (before tax).

The subscription period for both products ranges from 3 to 15 months. Deposits can be made from as little as 100,000 won up to 10 billion won. For more details about the products, customers can refer to the OK Savings Bank mobile app and official website.

An OK Savings Bank representative stated, "We decided to raise interest rates to offer higher returns to financial consumers seeking stable asset management," adding, "We will continue to closely monitor market conditions and customer demand to consistently introduce competitive financial products and services."

This content was produced with the assistance of AI translation services.