Interest rate on bank deposits reached 1.20% in 2021 in South Korea, according to the National Central Bank. This is 3.09% more than in the previous year.
Historically, interest rate on bank deposits in South Korea reached an all time high of 13.3% in 1998 and an all time low of 1.16% in 2020.
South Korea has been ranked 71st within the group of 96 countries we follow in terms of interest rate on bank deposits.
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