Woori Investment & Securities raises commercial paper rates across all maturities, with the highest annual rate at 3.8%

Woori Investment & Securities announced that on 7 of 10 it raised rates for commercial paper-type products for individual customers across all maturities, by 0.1 percentage points to 0.5 percentage points. The measure applies to commercial paper-type products covered by deposit insurance.

1-year (365 day) maturity fixed-term commercial paper-type time deposits were raised to a pre-tax annual rate of 3.7%. Customers subscribing through non-face-to-face channels receive a preferential rate of 0.1 percentage points, providing a maximum annual rate of 3.8%.

270–364-day maturity time deposits were adjusted to an annual rate of 3.6% on a fixed-term basis, while time deposits with monthly interest payments for the same maturity were changed to an annual rate of 3.5%.

The company also said it had raised the rates on demand deposit products. The rates are applied differentially by product type and tier.

The issuance note-type product (CMA Note) was raised by up to 0.45percentage points across all tiers, while the cash management account (CMA) was raised by up to 0.5percentage points. Woori WON CMA Note was raised by 0.4percentage points.

The company explained that the rate adjustment was aimed at strengthening its competitiveness in managing short-term funds. The applicable rate for individual customers is the pre-tax rate.

Detailed subscription conditions and preferential rate application methods should be checked in the product terms and the company's notices. The rate changes are based on the announcement issued in 7month 10day.