Why is the interest rate high in hana bank?

There are many reasons for the high interest rate in hana bank. 1 is due to the particularity of banks. Joint-stock banks or foreign banks may have a wider source of funds, which enables them to offer higher deposit interest rates.

2. For some time deposit products, banks may offer higher interest rates to attract more depositors. For example, the interest rate of newly issued deposit products in hana bank is as high as 6% to 8%, which is much higher than the industry standard.

This may also be related to the bank's business strategy. Banks may increase market share or enhance brand influence by offering higher deposit interest rates.

This may also be related to the market environment faced by banks. For example, the interest rate of bank time deposits in South Korea is generally high, which may be caused by the special situation in the Korean market.