Central bank’s policy rate hike a modest boon for savers, bane for homebuyers

2024-03-27

We’re already seeing ripple effects from the central bank’s policy rate hike last week. Four state-invested banks raised their deposit interest rates from Monday. On Wednesday, Chunghwa Post’s banking system followed suit, raising the interest rate it pays for savings deposits. Following its adjustment, a one-year term CD of NT$1 million will yield an extra NT$1,250 in interest each year. So for savers, the central bank’s rate hike means a modest boost. But homebuyers aren’t smiling, because their mortgages have just gotten more expensive.

Here at the post office, customers wait their turn for service. Chunghwa Post’s banking system is favored by older adults, who see it as a trusted place to save money. Following the central bank’s interest rate hike, the post office has raised rates on its savings accounts.

Lai Chih-chang
Great Home Realty researcher
For an account with NT$1 million in savings, the increase in annual interest will be around NT$1,250. But people who have mortgages, there will be an additional burden.

Chunghwa Post raised its deposit interest rates by a range between 0.115 and 0.13 percentage points. With the adjustment, its one-year term deposit rate is now 1.725%. State-invested banks including Bank of Taiwan, First Bank, Taiwan Cooperative Bank, and Land Bank of Taiwan have also adjusted rates, raising demand deposit and term deposit rates by a range of 0.12 to 0.135 percentage points. One-year term deposit rates now range from 1.725% to 1.755%. But while savers may rejoice, homebuyers are facing steeper payments. A 30-year mortgage of NT$10 million now costs an extra NT$631 a month, or NT$7,572 a year.

Member of public
We do also have a mortgage. When the central bank raises its rates, our interest rates go up, too.

Member of public
There’s inflation and rising electricity prices. Monthly expenses are going up. Say that you have NT$1 million in a bank account. That gets you just NT$1,000 or so in interest. You can spend that in a flash. It’s better to put that money in ETFs, which have higher returns than any bank or the post office.

For savers, the central bank’s surprise rate hike means slightly more bang for their buck. But for mortgage holders, it’s only one more source of financial stress.

For more Taiwan news, tune in:
Sun to Fri at 9:30 pm on Channel 152
Tue to Sat at 1 am on Channel 53

郵局升息! 存百萬年息增1250元千萬房貸年增7千多元

2024-03-27

央行無預警升息半碼，4家公股行庫從周一起調升利率，而郵局也從今天起，正式調升存款利率，以一年期定存100萬來說，一年可以增加1250元的利息，不無小補，但房貸族卻笑不出來，以1000萬房貸、30年來算，光一年利息就多了7572元。

民眾到郵局臨櫃，等著辦理各項業務，不少長輩習慣在郵局存款，不過現在央行宣布升息半碼，郵局也從今天起，調升存款利率。

[[房屋企研公關主任賴志昶]]
“如果是100萬元存款，一年定存為例的話，每一年大概可以增加1250元的利息，但是對房貸族群，這個負擔就會加重一些”

看看郵局利息，調升幅度為0.115到0.13個百分點，調整後，一年期定存利率增加到1.725%，而公股行庫，包括台灣銀行、第一銀行、合庫、土銀已經調升利率，一般活存及定存利率調升0.12到0.135個百分點，等於調高後，一年定存利率為1.725%到1.755%，升息樂到存款族，但房貸族要哭了，如果以貸款1000萬、30年來算，每個月多出631元，一年下來得多繳7572元。

[[民眾]]
“因為像我們也有貸款啊，然後我們就是利率調漲的話，我們也會跟著調漲這樣子”

[[民眾]]
“通膨，現在電價又要漲，然後就是每個月就是又要多支出啊，那你100萬存在裡面，只有1000多塊，那一下子就沒了啦，直接放在ETF就好了，它的利率都比銀行跟郵局高”

央行突然升息半碼，對存款族來說，不無小補，但對貸款族來說，荷包又要失血，還得應付高物價，這樣的壓力誰受的了。

更多新聞內容，請鎖定：
民視台灣台（152頻道）週日至週五晚上9:30
民視新聞台（53頻道）週二至週六凌晨1:00