Korean average deposit rates rise 24 basis points in September 2026

In September 2026, the average interest rate on new deposits in Korea reached 3.45%, up 24 basis points from the previous month. The average rate on outstanding deposit balances was 2.27%, up 7 basis points. Meanwhile, new loan rates averaged 4.57%, up 17 basis points, and outstanding loan balances averaged 4.48%, up 8 basis points.