Fixed Deposit Up to 5.20%... Woori Comprehensive Financial Interest Rate Increase

CMA Offers Up to 4.25% Annual Interest Rate

[Asia Economy Reporter Minwoo Lee] Woori Financial Group subsidiary Woori Comprehensive Financial is raising interest rates on various deposit products, including increasing the fixed deposit interest rate to a maximum of 5.20%.

Woori Comprehensive Financial announced on the 18th that it has raised interest rates on fixed deposits and Comprehensive Asset Management Account products (CMA Note), which allow flexible deposits and withdrawals, in response to the rise in the base interest rate.

Specifically, fixed deposits offer up to 5.20% per annum (individual, pre-tax, including preferential rates) when opened through non-face-to-face account opening. The 'CMA Note' offers up to 3.65% per annum (individual, pre-tax, including preferential rates) for deposits held for just one day, and up to 4.25% per annum (individual, pre-tax, including preferential rates) for deposits held for one year. Previously, Woori Comprehensive Financial raised interest rates on major savings and installment savings products by up to 0.50 percentage points starting from the 7th.

Detailed information on the interest rate increases for major savings and installment savings products can be found on the Woori Comprehensive Financial website or through smart banking. A Woori Comprehensive Financial official stated, "This interest rate increase also aims to quickly reflect market interest rates during the rising rate period to provide customers with tangible benefits," adding, "In line with Chairman Sohn Tae-seung's commitment to the group's digital transformation, we are actively strengthening digital services."