“I’ll quit stocks and take 3% interest”… 56 trillion won flowed into fixed deposits in just two months

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“I’ll quit stocks and take 3% interest”… 56 trillion won flowed into fixed deposits in just two months
n.news.naver.com
Due to the stock market slowdown and rising interest rates, the total balance of fixed deposits at the five major banks has exceeded 1,000 trillion won, sparking a battle among banks to attract customer funds. As the KOSPI, which surpassed 2,930 in June, fell below 2,700 again, money that had moved into the stock market is returning to the banks.


It seems deposit rates at primary banks have risen to the 3% range.