Woori Bank has raised their interest rates for fixed deposits with a monthly payout and it’s much more consistent than the changes ACLEDA made. Across the board, for deposits in both Khmer Riel and US Dollar, Woori raised rates with 0.25 percentage points.
Highest rates for KHR deposits
This means Woori Bank has taken over from LOLC when finding the highest percentage for deposits in Khmer Riels for terms of 3, 6, and 9 months, and 3 years. LOLC still offers better rates for 1 and 2 years.
Maturity Payout
Woori Bank is very consistent with their interest rate hikes, as rates for all deposits with payout at maturity were also raised by 0.25 percentage points. For fixed deposits in Khmer Riel with maturity payouts at 6 and 9 months, Woori Bank is now on par with Amk. For 3-year term deposits in KHR Woori beats the previous number one, LOLC. For KHR fixed deposits with maturity payout at 1 and 2 years, LOLC still has higher rates.