ExpatWonMoney & Life in Korea

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USD time deposit rate at Korean banks

≈3% pre-tax% per year, before tax

Dollar deposits in Korea track international rates rather than the Korean policy rate, so they can pay materially more or less than a won deposit at the same bank in the same month. One reading is a snapshot; a run of them is a record of what holding dollars in Korea actually paid, which nothing in English keeps.

Applies to
Foreign currency time deposits in US dollars at the major Korean commercial banks
Review cadence
Checked quarterly

What we have recorded

  1. 2026-08-31
    ≈3% pre-tax

    Published rates for USD foreign currency time deposits, varying by term. A snapshot of advertised rates, not a quote made to any individual.

    KB and Woori published rates

One reading so far. This becomes a history the first time the figure moves while we are watching — which is the part that cannot be reconstructed later.

Guides that depend on this figure

When this figure moves, every guide above needs the same edit. That is why it is tracked here rather than copied into each one.