Gyeongnam Bank Sells Baseball Love Savings and Deposits to Support NC Dinos' Success

[Asia Economy Reporter Minyoung Kim] BNK Gyeongnam Bank has launched savings and deposit products to support the success of the professional baseball team NC Dinos.

Gyeongnam Bank announced on the 6th that it is selling the ‘2020 BNK Baseball Love Fixed Deposit’ and ‘2020 BNK Baseball Love Installment Savings’ in line with the opening of this year's professional baseball season.

These products, available until August 31, offer preferential interest rates based on the performance of the NC Dinos this season.

The fixed deposit, with a sales limit of 300 billion KRW, provides all subscribers with a preferential interest rate of 0.20 percentage points as a gesture of overcoming the novel coronavirus disease (COVID-19). Additionally, depending on whether the NC Dinos win the regular season, win the Korean Series, or advance to the postseason, all subscribers receive an extra 0.10 percentage points preferential interest rate for each achievement.

Furthermore, if an NC Dinos player ranks within the top 3 in individual home runs or top 3 in individual wins, 500 accounts among the subscribers will be selected by lottery to receive an additional 0.20 percentage points preferential interest rate.

The one-year 2020 BNK Baseball Love Fixed Deposit offers a basic interest rate of 1.00% per annum, and with a maximum preferential interest rate of 0.90 percentage points applied, subscribers can expect a maximum interest rate of 1.90%. The subscription amount for this product ranges from a minimum of 1 million KRW to a maximum of 300 million KRW.

The installment savings, which has no sales limit, also provides all subscribers with a preferential interest rate of 0.20 percentage points. Depending on whether the NC Dinos win the regular season, win the Korean Series, or advance to the postseason, all subscribers receive an additional 0.30 percentage points preferential interest rate for each achievement.

Moreover, if an NC Dinos player ranks within the top 3 in individual home runs or top 3 in individual wins, 500 accounts among the subscribers will be selected by lottery to receive an additional 0.30 percentage points preferential interest rate.

The installment savings, available in one-year, two-year, and three-year terms, offers a maximum preferential interest rate of 1.70 percentage points on top of the basic interest rate. This results in maximum interest rates of 2.80% for one year, 2.90% for two years, and 3.00% for three years. The monthly payment amount ranges from a minimum of 10,000 KRW to a maximum of 1 million KRW.

These products can be subscribed to not only at all Gyeongnam Bank branches but also through mobile banking, internet banking, and the customer center.

This content was produced with the assistance of AI translation services.