As the Bank of Korea lowered the benchmark interest rate by 0.25 percentage points (p), commercial banks also followed up.

2% of the receivable interest rate products such as savings and savings will disappear and the 1% base rate will start again.

According to the banking system, commercial banks will lower the interest rate on their savings accounts as early as this week.

The cut-off will be 0.1-0.3% p.

Even before the Bank of Korea cut interest rates, it was difficult to find deposits with interest rates of 2% on commercial banks.

If additional cuts are made this time, the rate of 1% per annum is expected to come in earnest.

At present, the one-year base rate of the major deposit products of the five major banks including Shinhan, KB Kookmin, Woori, KEB Han and NH Nonghyup Bank is up to 1.9%.

As for the savings product, the basic interest rate of one year is up to 2.2%, and the interest is a little lagged but it does not make much difference.

The market is expected to adjust interest rates in the middle and the middle of this week.

In terms of commercial banks, if the interest rate is adjusted to reflect the base rate cut, there will be a concern that the interest rate will be shortened for the time being, which may be advantageous in terms of profitability.

In particular, since the government's loan-to-deposit ratios have been strengthened since next year, banks that need to raise more deposits are less likely to have a greater sense of bankruptcy.

In the case of customers, if you plan to pay for a savings account, it may be advantageous to join before the interest rate adjustment is made.