Finance · 2 sources combined
Fixed deposits up 81 trillion won
Personal deposits down 30 trillion won
In short
There was an expectation that when stock markets shake, money would flow back to banks.
However, most of the deposits that increased since July were corporate funds.
Personal deposits have actually continued to decline throughout this year.
Key facts
| When | As of end-October, the fixed deposit balance at the top 5 banks totaled 1,029.8 trillion won. |
|---|---|
| Who | The target is fixed deposits at KB Kookmin, Shinhan, Hana, Woori, and NH Nonghyup (the top 5 banks). |
| What | Of the 81 trillion won increase since July, 77.9 trillion won (96%) was corporate funds. |
| How | During the same period, personal fixed deposits only increased by 3.1 trillion won, and declined by 19.5 trillion won for the year. |
What it means for me
This can be seen as a signal that household overall liquidity is declining rather than deposit interest rates rising.
If funds are tied up in stocks, there may be less room to shift money to deposits.
Deposit interest rates may decline, so it is necessary to review plans for interest income.
