Welcome Savings Bank said on the 15th it will raise interest rates on time deposits by 0.3 percentage points to as high as 3.6% a year. The subscription period is at least 12 months and less than 24 months.
Welcome Savings Bank also expanded the preferred interest rate cap for the "Welcome main transaction account" from 1 billion won to 3 billion won starting the same day. The Welcome main transaction account is a flexible high-yield savings accounts product with free deposits and withdrawals, offering a base rate of 0.8% a year and up to 3.0% a year when conditions are met.
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