This page was machine-translated from English. Rates, banks and figures are identical to the English page.
Landen / 🇰🇷 South Korea
Best time deposit rates in South Korea
KRW time deposit rates from 3 providers, read directly from each bank's website every day, plus 4 more providers to check. Sorted by rate; no paid rankings.
Last checked 18 Oct 2026, 05:37 UTC · all 7 providers
Best 3-month rate
3.10% p.a.
Toss Bank (토스뱅크)
Board rate
Best 6-month rate
3.40% p.a.
Woori Bank (우리은행)
Board rate
Best 12-month rate
3.60% p.a.
Toss Bank (토스뱅크)
Board rate
Best rate for a 10,000,000 KRW deposit, open to any customer. Promotions can end early; confirm with the bank.
Vergelijk time deposit tarieven
2 banken met een 12‑maandsrente voor 10,000,000 KRW
| Bank | Rate p.a. | Tenure | Deposit | Details | Link |
|---|---|---|---|---|---|
| Toss Bank (토스뱅크)먼저 이자 받는 정기예금 | 3.60%≈ 360,000 KRW in 12 months | 12 months | Not stated | Board rate | Go to bank |
| Woori Bank (우리은행)WON플러스 예금 | 3.60%≈ 360,000 KRW in 12 months | 12 months | Not stated | Board rate | Go to bank |
"Fresh funds" means money brought in from another bank. Board rates are standing rates; promos are time-limited. How we collect and check rates.
How is this list ordered?
By rate, highest first, for the amount and term you chose. Where a bank publishes its own blended effective rate we use that. Each bank appears once with its best matching offer unless you tick "Show every rate". Banks cannot pay to change the order.
Plan your deposit
Best rate by term
Best rate open to any customer for 10,000,000 KRW at each term, from today's verified offers. Hover a point for the bank.
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Official benchmarks
Source: bok.or.kr. Shown as a reference point, not a recommendation.
Deposit protection: Korea Deposit Insurance Corporation (KDIC)
Principal plus prescribed interest is protected up to ₩100 million (1억원) per depositor per insured financial institution; amounts above that are not protected. DC/IRP retirement pensions, pension savings and accident insurance payouts are each protected separately up to ₩100 million. Source, checked 2026-10-18.
More time deposit providers in South Korea
We list these providers but do not read their rates automatically yet, so we never show a number for them. Check the rate on the bank's own page. Know a bank we should read? Suggest it.
- IBK Industrial Bank of Korea (IBK기업은행)Bank · check rate on bank site
- KakaoBank (카카오뱅크)Digital bank · check rate on bank site
- KB Kookmin Bank (KB국민은행)Bank · check rate on bank site
- K Bank (케이뱅크)Digital bank · check rate on bank site
- SC First Bank Korea (SC제일은행)Bank · check rate on bank site
Questions about deposits in South Korea
What is the best 12-month time deposit rate in South Korea today?
3.60% p.a. at Toss Bank (토스뱅크) (minimum deposit: Not stated), read from the bank's website at 18 Oct 2026, 05:37 UTC. Promotions change often, so confirm with the bank before you deposit.
What is the best 6-month time deposit rate in South Korea today?
3.40% p.a. at Woori Bank (우리은행) (minimum deposit: Not stated), read from the bank's website at 18 Oct 2026, 05:37 UTC. Promotions change often, so confirm with the bank before you deposit.
Are time deposits in South Korea protected?
Principal plus prescribed interest is protected up to ₩100 million (1억원) per depositor per insured financial institution; amounts above that are not protected. DC/IRP retirement pensions, pension savings and accident insurance payouts are each protected separately up to ₩100 million.
How many banks do you compare in South Korea?
We list 7 providers. Rates for 3 of them are read automatically from their own websites every day; for the rest we link to the bank's official rate page and never show a number we have not read.
How do time deposit rates compare with the Bank of Korea base rate (ECOS, monthly)?
The Bank of Korea base rate (ECOS, monthly) is 3.00% (202609). The best 12-month time deposit rate open to any customer today is 3.60%.
Deposit rates in nearby countries
🇮🇳 India🇨🇳 China🇮🇩 Indonesia🇵🇰 Pakistan🇧🇩 Bangladesh🇯🇵 Japan🇵🇭 Philippines🇻🇳 Vietnam
Missing a bank? Suggest one
We're a comparison service, not a bank: we don't take deposits. Rates change without notice; verify with the bank before you deposit. Not financial advice.