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Recently, bank deposit interest rates have dropped slightly from the 5% range, but popularity is still high.
The stock market is sluggish, so there's that aspect as well.
When interest rates are this high, the number of people signing up for 2-3 year time deposits has also increased dramatically.
Reporter Nam Jung-min reports.
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These days, the highest interest rate for time deposits at major commercial banks is in the 4% range.
It's down from the upper half of 5%, but it's still a high level, so people looking for time deposits continue to visit.
Another factor is the continuing slump in other asset markets, such as stocks.
[Term deposit subscribers in December of last year: It has risen enough, and the interest rate is rising like an idiot, so I pulled out money (from somewhere else) and moved it now.]
As the expectation that the current deposit interest rate is at its peak spread among consumers, , In particular, the number of long-term product subscribers who want to receive high interest rates for a long time has increased significantly.
The number of new subscriptions for 2- and 3-year time deposits at the four major commercial banks started to increase significantly from October of last year and continued to increase until December.
[Hwang Se-woon/Senior Research Fellow, Capital Market Institute: It should be seen as an attractive interest rate.
At least until the first half of the year, you will be able to continue to find a deposit interest rate of 4%.
We can continue to fully predict the inflow of funds and net increase.]
It is likely that the base rate will rise by 0.25%p at this week's Monetary Policy Committee, but experts predict that the possibility of a rapid rise in the deposit rate is not high as the prospect of an increase has been reflected in advance.
[Kim Dae-jong/Professor of Business Administration, Sejong University: If you raise the deposit interest by attaching an additional interest rate, the loan interest will rise.
So the government (banks) told them to limit the deposit interest...
.]
Since it is a term deposit with a long maturity, the interest rate can be significantly lowered if canceled early.
(Video coverage: Yoon Hyung, video editing: Choi Eun-jin)