Money Today reporter Hwang Ye-rim | 2023.03.07 05:16
As deposit interest rates at commercial banks and savings banks have fallen to the 3-4% range, ordinary people looking for high-interest deposits are turning their eyes to local Saemaul Geumgo, which offers 5-6 special products. Experts advise that special attention is needed as the red light has been put on the asset soundness of some safes due to the recent insolvency of group loans.
According to the Saemaul Geumgo Federation and others on the 6th, some local Saemaul Geumgo are handling special products with high interest rates.
The interest rate of ‘MG The Banking Time Deposit’ of Daecheong Saemaeul Vault reaches 6.0% per annum as of this day. Nakwon Saemaul Geumgo is 5.0% per year. In particular, the interest rate of MG The Banking term deposits of Saemaul Geumgo in Daegu, such as Sincheon, Daehyeon, Keungogae, and Seongil, reached 5.0 to 5.2% per year. This is in contrast to the deposit interest rates of commercial banks and savings banks, which have fallen to the 3% level.
Some safe deposit boxes are attracting customers by offering high-interest deposits, but there are concerns regarding their solvency. In particular, safes in the Daegu region, such as Shincheon, Daehyeon, Keungogae, and Seongil, are also experiencing concerns regarding insolvency due to the recent Dain Construction incident.
12 local safes, including Shincheon, Keungogae, Daehyeon, and Seongil, participated as major shareholders of officetels started by Dine Construction in 2016 and gave collective loans to subcontractors. In response, the Saemaul Credit Cooperative Federation demanded at the end of last year that 12 local safes accumulate more than 55% of the balance of group loans as loan loss provisions. However, local coffers refused and entered into a legal battle with the central association for reasons such as being unable to afford the loss. When the news of the lawsuit between the central bank and the local safe became known, deposit withdrawal inquiries reportedly increased as depositors became more anxious.
Seo Ji-yong, a professor of business administration at Sangmyung University, said, “Depositors who want to take the last train with high interest rates are turning to mutual finance such as Saemaul Geumgo in the first financial sector, but in the case of local safes, inquiries regarding withdrawals from depositors are pouring in due to the recent group loan failure.” The limit of deposits that can be protected under the law is 50 million won per person, so you need to be extra careful when signing up.”
However, there is an analysis that only some safes are concerned regarding insolvency, and most safes have room to raise the deposit interest rate. This is because last year, regional safes raised their deposit interest rates relatively less.
An official from the Saemaul Geumgo Federation said, “Of the total 1,394 Saemaul Credit Cooperatives, only a few were affected by the Dain Construction Incident.” It will be,” he said.
[저작권자 @머니투데이, 무단전재 및 재배포 금지]
