Jeonbuk Bank Launches Special Savings Account for Jeonbuk Residents... Up to 5.1% Annual Interest Rate
[Asia Economy Reporter Kim Min-young] Jeonbuk Bank announced on the 30th that it will launch a special sales product called 'The Warmer Regular Savings' for the first 10,000 customers starting from the 1st of next month.
Jeonbuk Bank explained that this special sale contains warm support for the residents of Jeollabuk-do who are going through difficult times due to the spread of the novel coronavirus infection (COVID-19).
The eligible applicants are individuals and sole proprietors whose registered residence is in Jeollabuk-do and who have properly registered automatic payments for apartment management fees or city gas. The monthly payment amount can be chosen from 100,000 KRW, 150,000 KRW, or 200,000 KRW. The product has a maturity of one year, with an interest rate of up to 5.10% per annum (including a preferential interest rate of 3.80 percentage points). The sale will end early once 10,000 accounts are sold out.
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A Jeonbuk Bank official stated, “To overcome COVID-19, we prepared this special regular savings product to create a warmer local community through finance and to express our support and gratitude to the residents.”
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