Risk and sentiment
KR Bank Deposit Rate
The average rate Korean banks pay on new savings deposits, a read on household interest income.
At a glance
KR Bank Deposit Rate: latest value and prior change
As of 2026-06-30, KR Bank Deposit Rate is 3.08 %. It is 0.15 pp higher than 2.93 % on 2026-05-31.
Across 47 available observations from 2022-08-31 to 2026-06-30, the latest value is at the tie-adjusted 39th percentile.
- Observed on
- Default comparison window
- 2022-08-31–2026-06-30
- Observations · observed cadence
- 47 · Monthly
- Data source
- Bank of Korea ECOS
A high or low percentile does not by itself make the indicator positive, negative, or a buy or sell signal.
Time-series chart
KR Bank Deposit Rate
2022-08-31–2026-06-30
Long-history series are stored as real provider observations. Index, FX, VIX, and ratio charts use historical backfill where providers expose it; Korean investor flow and margin-credit feeds expand as stable historical endpoints become available.
Interpretation guide
Deposit rates: what savers actually earn
This is the average rate Korean banks committed to pay on savings deposits newly taken in during the month. It is where household interest income starts and the reference line for whether money stays in deposits or moves toward equities and property.
How the rate gets set
Deposit rates track policy and market rates but bend to banks' funding needs and rules such as loan-to-deposit limits. When loan demand runs hot and banks need funding, they raise deposit rates to attract it.
- Even in hiking cycles, deposit rates typically lag lending rates.
- Competitive deposit-gathering pushes rates around independently of policy.
- A flattening term structure across maturities prices in expected cuts.
Money migration and asset markets
Higher deposit rates make cash relatively more attractive and pull money out of equities and property. Lower rates push savers dissatisfied with interest income back toward risk assets.
- Rising investor deposits while rates fall signals money migrating toward equities.
- A negative real deposit rate — after inflation — erodes savers' purchasing power.
- Read with TapeFlow's bank deposit growth to confirm the actual money movement.
Uses and misreads
The published figure is a new-deposit average and sits well below the promotional rates individual banks advertise. Read it for the direction of the average, not for the best rate available.
- A gap between advertised promotional rates and the average always exists.
- Paired with lending rates it reveals, via the spread, how banks allocate rate changes.
- Any real-rate judgment requires consumer inflation alongside it.