As of January 2023, we will inform you of the ranking of high interest rates for regular installments. As the real estate and stock markets freeze, money is flowing into the deposit and savings market. However, you shouldn’t put all your neck money just because you pay a lot of interest unconditionally. Just like the lessons learned from experiences such as the bankruptcy of savings banks in the past, please consider the stability of the bank before choosing it.
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Comparison of fixed deposit interest rates based on all banks
1. Online subscription product
[Product Stability]
2. Visit subscription product
MG Saemaul Geumgo Dongan Branch
MG Saemaul Geumgo Changwon Central Branch
Comparison of fixed deposit interest rates based on all banks
1. Online subscription product
This is the ranking of periodic deposit products that you sign up for non-face-to-face. Conditions such as monthly accumulation amount and accumulation period are as follows.
Conditions: 15.4% of general tax / Subscription method Non-face-to-face online subscription / Monthly accumulated amount: KRW 1 million / Accumulation period 12 months
Ranking of high fixed interest rates – Installment Savings Rate Ranking – Join Online
Among regular installment savings products that can be signed up for non-face-to-face subscription, the highest interest rate installment savings products are the ‘Union Regular Installment Savings’ and ‘Regular Installment Savings’ products of Deunsol Credit Union. Both products are installment savings at the same branch, and the annual interest is 6.5% based on 12 months.
Credit unions occupy all of the 1st through 10th places. Nonghyup ranked 11th and 12th with an interest rate of 6%.
[Product Stability]
Let’s check the stability of Densol Shinhyup (not the head office, but the Bongcheon-dong branch).
Judging from the content of key management indicators, it is confirmed that there are no indicators that pose a problem for stability. However, please note that this is a personal analysis confirmed by a few simple figures and may vary depending on various variables.
2. Visit subscription product
This is the ranking of regular payment products that you visit and sign up for. Conditions such as monthly accumulation amount and accumulation period are as follows.
Conditions: 15.4% of general tax / Subscription method Visit signup / Monthly accumulated amount: KRW 1 million / Accumulation period of 12 months
Ranking of high installment interest rates – Installment Savings Rate Ranking – Sign up by visiting
The interest rate for door-to-door subscription products is much higher than online subscription.
The top-ranking products are all Saemaul Geumgo products, and they are ‘regular installment savings’ products of Saemaul Geumgo’s Dongan branch and Changwon central branch, respectively. The installment interest rate is 8% per annum. Both products are special products, and you must inquire by phone for more detailed subscription conditions, such as investment-related conditions and deduction subscription conditions.
Please look at the information of each branch that will be summarized from now on, and be sure to check by phone before visiting.
MG Saemaul Geumgo Dongan Branch
46, Indeokwon-ro 24beon-gil, Dongan-gu, Anyang-si, Gyeonggi-do
Contact: 031-422-2700 (* Please check before visiting)
MG Saemaul Geumgo Changwon Central Branch
25, Yongji-ro 113beon-gil, Seongsan-gu, Changwon-si, Gyeongsangnam-do
Contact: 055-284-4441 (* Please check before visiting)
We looked at the ranking of fixed deposit products with high interest rates by integrating both the 1st and 2nd financial sectors.
The ranking of installment savings rates is also important, but please choose wisely by considering the stability of the financial institution in question. It is a good way to prepare for emergencies by not putting more than 50 million won, which is the amount that can be protected under the Depositor Protection Act, into the second financial sector, and by splitting up the money and investing in several places.