Interest rates on new deposits in South Korea averaged 2.51% in July 2025, a slight decrease of 0.04% from the previous month. This is according to data released by the Bank of Korea.
Other key findings from the report include:
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The average rate for existing deposits dropped to 2.12% at the end of July, down 0.03% from June.
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Rates on new loans also fell to 4.06%, a decline of 0.03%.
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The average rate for existing loans was 4.3% at the end of July, down 0.05% from the end of June.
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Rates for corporate loans decreased by 0.05% to 4.25% in July, while rates for household loans fell by 0.04% to 4.39%.
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