Although interest rates are low, there is no financial product with high stability like term deposits. So, despite the low interest rates, many people are looking for term deposits.
Term deposits in banks are used for storage of money rather than profits. In the old days, interest rates were high and deposit interest rates were high.
As the Bank of Korea’s base rate fell, the bank’s term deposit interest rate also fell. It is becoming increasingly difficult to raise large sums of money through term deposits. 정기예금 금리비교
However, let’s take a look at the interest rates on term deposits. 좋은뉴스
Term deposit rates of commercial banks range from 1.60% to 2.00%.
Savings banks still offer products with a slightly higher interest rate of 2.30% to 2.50%.
Let’s look at other sources. Term deposit repayment to commercial banks.
This is a savings bank term deposit product.
It is now taken for granted that inflation exceeds the rate of fixed-term deposits. In times like these, the importance of financial technology that can generate profits is growing. Considering both safety and profitability, it may be a good idea to invest in the right product.