(Yonhap)
The number of fixed deposit accounts with less than 100 million won ($68,000) fell to its lowest level in more than six years, data showed on Tuesday.
According to the Bank of Korea, there were 21.62 million fixed deposit accounts at commercial banks with balances of 100 million won or less at the end of last year. This is the lowest figure since 20.7 million at the end of June in 2019. It is also down 3 percent from 22.33 million at the end of the first half of last year.
Most fixed deposits under 100 million won are presumed to be individual accounts.
The decline points to a shift away from deposits as investors seek higher returns in the stock market.
“More investors are choosing to invest in stocks rather than placing large sums in bank deposits,” said a financial industry official.
댓글
0