NongHyup Bank announced on the 26th that it will reduce its savings and deposit interest rates by up to 0.25 percentage points.
NongHyup Bank has decided to lower the annual interest rate for its time deposit products by 0.05 to 0.20 percentage points starting from the 27th. The interest rate for savings products will drop by 0.05 to 0.20 percentage points.
A NongHyup Bank official noted, "We reflected the actual market interest rates in the deposit interest rates following the Bank of Korea's base rate cut."