Last Thursday, the Bank of Korea raised its last interest rate this year.With an increase of 25 BP, Korea’s benchmark interest rate is now 3.25%.So let’s organize high-interest parking accounts that can be used as parking accounts at this point.First, we will look at the savings bank, and the bank with the highest interest rate as a deposit and withdrawal bank is Accuon Savings Bank.
Parking bankbook recommendation
Bank product name interest rate limit interest payment method
Accuon Savings Bank money splitting machine 4% 20 million won. once a month
Daol Savings Bank Fi savings account 3.8% None. quarterly
Welcome Savings Bank WELCOME office worker 2.3~3.8% 50 million won. once a month
Hana Savings Bank Haihana ordinary deposit 2.8~3.8% 50 million won. once a month
Daol Savings Bank’s FI savings deposit has no option and is just 3.8% interest rate applied.However, it is regrettable that interest payments are made once a quarter, and Welcome Savings Bank and Hana Savings Bank give interest rates up to 3.8% if they meet the options.
And the most attractive product among the mentioned products is Acuon Savings Bank’s Money Splitting, and let’s take a closer look at this product.
Advantages and disadvantages of Acuon Money Splitting
The interest rate is 4 percent, the highest rate among parking accounts.However, if the limit was up to 20 million won and the deposit limit was up to 50 million won, which is the depositor protection limit, it would have been a very good choice, but it is regrettable that the limit is 20 million won.
Interest is paid on the third Saturday of each month and paid monthly.However, it is said that non-taxable savings are not possible, but of course, non-taxable savings are rarely used as deposit and withdrawal accounts.
free termination deposit
Bank product name interest rate limit Remarks
Daol Savings Bank Fi Free Terminated Time Deposit 4.2% None. –
Hana Savings Bank I’ll stop in the middle.
time deposit 4.2% None. Interest rate reduction if terminated within a month of subscription
(4.2% > 0.2%)
Woori Financial Savings Bank The Mani Dream time deposit 4.1% None. –
cider bank compound interest deposit 4.0% None. 5.8% if held for more than a year
Free termination deposits can be used like parking accounts because they give all the agreed interest even if they are terminated in the middle.So, I organized these deposits, and I made regular FI deposits at Daul Savings Bank and Hana Savings Bank, which is the highest interest rate among deposits, with a rate of 4.2 percent.
However, Hana Savings Bank’s product has a disadvantage that interest rates will decrease sharply if it is terminated within a month after signing up.And Woori Financial Savings Bank’s Dermani Dream regular deposit has a 4.1% interest rate, and Cider Bank’s compound interest rate has a 4% interest rate.
Cider Bank If you hold this product for more than a year, interest rates rise to 5.8%, so let’s look at the two products with a slightly unique structure again.
Hana Savings Bank vs. Cider Bank.
First of all, Hana Savings Bank’s interest rate is only 0.2 percent if the deposit period is less than a month.This product is not suitable for those who need to deposit for more than a month to receive a 4.2% interest rate.And Sprite.If banks deposit more than a year, the interest rate will be applied at 5.8%.
Since the monthly compound interest rate is applied, the actual interest rate is 5.95%, but if you deposit it and cancel it a year ago, the interest rate will be only 4% lower than the highest interest rate products, but if you hold it for more than a year, the interest rate will be 1.6%.There’s a low probability of finding money from time to time, but you can still find it in the middle.I think it’s the best choice for those who think.
issued note CMA
Bank interest rate limit interest payment method Remarks
Mirae Asset Securities Co., Ltd. 3.9% None. once a month –
NH Investment & Securities Co., Ltd. 3.7% None. every day –
KB Securities Co., Ltd. 3.7% None. every day Applicable from 28th.
Korea Investment & Securities Co., Ltd. 3.55% None. every day –
The benchmark interest rate was raised and bills issued raised interest rates together.Mirae Asset Securities raised its interest rate to 3.9% and NH Investment & Securities and KB Securities are the highest among the four securities firms, with NH Investment & Securities currently subject to interest rates and KB Securities at a 3.7 percent rate from the 28th.
And Korea Investment & Securities, which remains, has not yet raised interest rates to 3.5%, but Korea Investment seems to be always a little slow.So I used Hantu and slightly moved it to Mirae Asset.
Mirae Asset Securities pays interest only once a month and the rest of the securities firms pay it every day.So there is a daily compound interest effect, which is about 0.1%.Currently, the gap is 0.2%, and even if Mirae Asset Securities gives interest only once a month, the interest rate is the highest.
When banks’ interest rates are slowing down, the issued bills hit hard again, but the issued bills do not protect depositors.Keep that in mind when you invest.
1. Recommended parking bank accounts in the financial sector
Bank product name interest rate limit interest payment method
K-Bank plus box 2.7% 300 million. monthly payment
Kakao Bank safe box 2.6% one hundred million monthly payment
Industrial Bank of Korea KDB Hi non-face-to-face
deposit and withdrawal 2.5% – monthly payment
And these days, deposit rates for long-term customers in the primary financial sector continue to rise little by little, but the rate hike in deposit and withdrawal accounts is now slowly being raised.
This is a certain amount of money being raised through deposits.Looking at it, I think it is a situation where even short-term funds do not have to be aggressively received.
So, there is a slight difference in interest rates compared to savings banks, but the highest interest rate among the primary financial sector is K-Bank Plus Box, which is 2.7% and the limit is 300 million won.
In addition, Kakao Bank has a 2.6% interest rate, a limit of up to 100 million won, and the Korea Development Bank deposit and withdrawal bankbook has no limit of 2.5%.Those who think they will use the parking lot as the primary financial sector do not have much difference in interest rates.It would be better to choose the Korea Development Bank with the highest stability.
The Monetary Policy Committee will no longer be held in Korea to discuss raising interest rates this year.So, the next interest rate hike will be early next year, and the Monetary Policy Board said Thursday that it expects an appropriate interest rate of 3.5 percent or 3.75 percent next year.Therefore, it is expected that the U.S. interest rate gap will not widen too much by raising it by 25 BP or 50 BP in the first half of next year.
The U.S. has the last FOMC early next month, and the current market atmosphere is likely to increase by 50bp.Then this year, the U.S. final interest rate will be 4.5%, and the interest rate gap with Korea will widen to 1.25%.The U.S. is also predicting that it will either raise interest rates by 50bp next year to 5% or raise interest rates by only 25bp to 4.75%.
Therefore, as the market predicts that the current interest rate atmosphere will continue at least until the first half of next year, good times continue for depositors.