I would like to find out how to recommend and find banks with high interest rates on savings accounts. With the recent economic downturn, we have entered an era of high interest rates. It is true that many people are having a hard time in the aftermath of high interest rates, and the interest rate on loans has also increased. However, even in this era of high interest rates, there is a unique advantage. It is true that the interest rate on installments has also increased. So, I’m going to tell you about a bank with high interest on installment savings.
Bank Rate – Deposit Rate
outline
The method of determining the deposit interest rate is the base rate + competitive rate. Banks provide interest rates to users of applicable products through deposits or installment savings. The method of decision is determined in consideration of the standard interest rate announced by the Bank of Korea and the status of fund holdings and business conditions by bank. Generally, there is not much difference between the base rate and the deposit rate.
High interest savings bank recommendation
Credit union special sale, credit union installment savings 10% interest rate
<Credit union plus installment payment>
Sales period: March 2, 2023 – September 30, 2023 (7 months)
Monthly payment amount: 6 months – within KRW 600,000, 12 months – within KRW 300,000
Contract period: 6 or 12 months
How to sign up: Visit the window or use on-bank
Credit union plus installment payment
Shinhyup ON Bank – Apps on Google Play
Shinhyup On Bank, provided by the credit union, provides easy and fast financial services anytime, anywhere without visiting the window.
play.google.com
1. Direct debit connection 0.2% per annum
2. Salary transfer (more than KRW 500,000) 0.1% per year
3. Shinhan Affiliate Card Performance Annual 5.0%
4. Affiliate card payment account registration 0.2% per year
Practically, it is said that you can receive 10% interest only when you meet number 3. You must use the affiliated card at least twice a month with a total monthly usage of 100,000 won or more for 3 months. In other words, if you spend only 2 months of 100,000 won each for 3 months right before maturity, you can secure 5.0% per year, but it doesn’t seem difficult.
Shinhan’s unbreakable DRX Installment Savings
Both mobile and branch offices available
up to 9% per annum
Depending on the results of the LOL Champions Korea (LCK) spring and summer season of DRX, an e-sports team sponsored by Shinhan as the main sponsor
It is a product that provides preferential interest rates, and the subscription period is 12 months, and you can pay up to 300,000 won per month. Both mobile and branch subscriptions are available
Shinhan’s Unbreakable DRX Installment Savings
The basic interest rate is 2.5%, and if all the preferential rates are met, 6.5% is added and the maximum interest rate is applied up to 9%. , You can receive 5% more depending on your performance in the LCK.
Shinhan Sol (SOL) – Shinhan Bank Smartphone Banking – Apps on Google Play
“Financial story I create, My Platform Shinhan SOL”
play.google.com
KB Kookmin National Health Installment Savings
Up to 8% available through mobile and branch visits
The product pays interest rates of up to 8% when meeting preferential rates, such as walking 100,000 steps per month, in addition to the basic 2% interest rate. But the period is as short as 6 months, and the payment amount is up to 200,000 won per month…
https://play.google.com/store/apps/details?id=com.kbstar.kbbank
KB National Health Installment Savings
First of all, looking at the preferential interest rate conditions, it seems that it is possible to achieve it. Walk 100,000 steps per month + check the number of steps at KB Star Banking interest rate check (you only need to walk more than 3,340 steps a day), stamp your footprints, and receive a welcome sbang preferential rate for long-term unused customers. You can sign up for the special installment savings account until June 14th.
KB Kookmin Bank Star Banking – Apps on Google Play
In case of failure, please refer to the app information below!
play.google.com
◆Our ‘Daily Working Installment Savings’
Product for exclusive use of mobile smartphone
Highest 11%
The basic interest rate is 1% and the prime interest rate is 10%, but the requirements are surprisingly not difficult. It seems that you can walk more than 10,000 steps a day.
Woori Bank Woori WON Banking – Apps on Google Play
Woori Bank visits customers through 「Woori WON Banking」. Meet the new Woori WON Banking.
play.google.com
Deposits, installment savings banks with high interest rates – How to find high-interest savings accounts
1. Federation of Banks
After accessing the website of the Federation of Banks, click Interest rate/commission comparison disclosure among the above items (consumer portal, financial product information, interest rate/fee comparison disclosure, etc.) and look at the bottom to compare deposit product interest rates (deposits, installment savings).
National Federation of Banks
Financial product information, interest rate/commission comparison disclosure, financial service information, consumer information, member company information and association introduction, etc.
www.kfb.or.kr
For each bank, the deposit interest rate is fixed-rate deposit type or free installment type depending on the accumulation method for time deposit, mutual installment payment, individual MMDA, corporate MMDA and periodic deposit, and interest calculation method is simple interest and compound interest, branch office, internet banking, smart banking, etc. , At the end, you can search by selecting the subscription period.
As an example, if you search for a bank with high interest on installment savings, you can search in descending order of flat-rate savings, simple interest, total subscription, and 12 months, and you can check the current standard base interest rate and prime interest rate in ascending order. You can also find banks with high deposit interest rates in the same way as above.
2. my bank
The second is my bank. You can also compare here. You must check the bank interest rate with the branch and reconfirm the interest rate. You may need preferential conditions. For branches, click the financial company or branch in the image to check the address, contact information, and business hours.
My Bank | easy and convenient finance
Easy and convenient finance: insurance, currency exchange, exchange rate/interest rate comparison, travel insurance
www.mibank.me
3. Utilize Naver Search
If you search on Naver, you will find information. It seems to be the easiest search comparison. I’ll leave a link so you can click and search right away.