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Savings banks’ frequent deposit and withdrawal deposits (also known as parking bankbooks), which give an annual interest rate of 2.0% even if left only for one day, are in the spotlight as the 2030 generation’s ‘real ammunition warehouse for investment’. It is said that young people who want to’short hit’ are using it as a purpose of leaving money for a while because they can collect interest rates more than three times that of a bank or securities company’s comprehensive asset management account (CMA). In the past year, about 3 trillion won was concentrated.
Parking passbook deposits, tripled in 1 year
According to the industry on the 13th, the balance of the parking passbooks (normal deposits, savings deposits, business deposits) of major savings banks in Seoul (SBI, OK, Welcome, Accuon, JT, Shinhan, Hana, KB Savings Bank) was 3 To 985.7 trillion won, it surged 2.8074 trillion won from the end of last year (1,1783 trillion won). A parking passbook can receive contract interest regardless of the amount or period of deposit or the number of deposits and withdrawals. Savings deposits that can only be subscribed to by individuals, corporate free deposits, and ordinary deposits that can only be paid by self-employed people are called parking accounts.
An official from a savings bank said, “Even in the new year, the inflow of funds to the parking account continues mainly for young people in their 20s and 40s.” “In recent two months, the balance of the parking account has risen from 600 billion won to more than 800 billion won.” An industry insider explained, “Savings banks, which have a high proportion of deposits with frequent deposits and withdrawals, are usually 15% of all deposits, but some of them have recently exceeded 20%.”
The inflow of funds from 2030 households is remarkable. The percentage of subscribers by age group of Welcome Office Workers’ Love Common Deposit (2.0% per year) is half (47.4%) in their 30s. 40s (28.0%) and 20s (12.7%) followed. As for the “Welcomm President Love Normal Deposit”, a deposit product for individual businesses, the proportion of customers in their 40s was the highest at 38.0%, but the inflow of 30s (26.2%) also stood out.
An official at Welcome Savings Bank said, “In the savings banking industry where the percentage of middle-aged people is high, it is unusual for young people to increase their free deposit and withdrawal deposit balance,” he said. “It seems that it is used to temporarily entrust stock investment funds for single purposes.” Analyzed. Savings bank parking passbook deposit rates range from 1.5% to 2.0% per year. It is much higher than the 1.0% annual CMA interest rate for securities companies, which is attracting attention among stock investors.
Parking passbook deposit rate seems to go down
Savings banks are lowering the receiving rate as a lot of money is crowded in the parking account. This is because the interest rate burden increased as deposits increased significantly. An official from a savings and savings bank said, “Some savings banks maintain the interest rate of free deposit and withdrawal products higher than the periodic deposit rate, where deposits and withdrawals are restricted to secure platform customers. However, if the balance increases, it will be difficult to deal with. “I looked out.
On the 7th, Pepper Savings Bank slightly reduced the interest rate of the Peppero Savings Deposit, a free deposit and withdrawal deposit, from 1.7% per annum to 1.6%. SBI Savings Bank, OK Savings Bank, and JT Savings Bank also lowered the interest rate for non-face-to-face ordinary deposits from 2.0% a year to 1.3% a year. The Welcome Savings Bank also lowered the annual interest rate of 2.5% of the annual Welcome Office Workers Love Common Deposit to 2.0%.
On the other hand, interest rates for time deposits are rising. This is to keep the middle-aged people’s money going through stock investment. According to the Federation of Savings Banks, the average deposit rate of 79 savings banks fell to 1.6% per year in September last year, and rose to 1.91% per year in December last year. As of the 13th, it is maintained at 1.86% per year. OK Savings Bank also raised the OKShot Term Deposit Rate from 1.5% to 1.8% a year and launched special products with a limit of 100 billion won.
Reporter Park Jin-woo [email protected]
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