SBI Savings Bank Raises Saida Bank Deposit Interest Rates... Fixed Deposit Annual 4.2%

[Asia Economy Reporter Song Seung-seop] On the 21st, SBI Savings Bank raised the interest rates on deposit products of its financial platform 'Cider Bank' by 0.25 to 1 percentage points. The rate hike applies to Cider Bank's regular savings account (parking account), compound interest fixed deposit, compound interest fixed deposit (variable rate), and compound interest installment savings. The regular savings account (parking account) increased by 1 percentage point to 3.2%, the compound interest fixed deposit rose by 0.35 percentage points to 4%. The compound interest fixed deposit (variable rate) increased by 0.25 percentage points to 4.2%, and the compound interest installment savings rose by 0.35 percentage points to 4%.