Citibank Launches 'Citi The Dream Savings'... Interest Rate Up to 2.5%

[Asia Economy Reporter Minyoung Kim] Korea Citibank announced on the 3rd that it has launched a flexible installment savings product called ‘Citi The Dream Savings.’

This savings product is a non-face-to-face exclusive product available for subscription through the Citibank website or the Citi Mobile application (app). The subscription period ranges from 6 months up to a maximum of 36 months (on a monthly basis), and it offers an interest rate of up to 2.0% per annum (before tax) depending on the subscription period.

The deposit amount can be from a minimum of 10,000 KRW to a maximum of 1,000,000 KRW per month without any limit on the number of deposits.

If linked to a Citibank deposit and withdrawal account and an automatic transfer of at least 10,000 KRW per month is maintained for at least 5 months, a preferential interest rate of 0.3 percentage points is provided. Including the launch event coupon interest rate, customers can enjoy an interest rate of up to 2.5%.

There is also an event. Customers who newly subscribe to this product by the 31st and enter the preferential interest coupon number in the mobile app will receive an additional preferential interest rate of 0.2 percentage points.

Customers who open their first account with Citibank and subscribe to this savings product will be entered into a draw to win prizes such as an iPad Pro or a 10,000 KRW mobile gift certificate for CU convenience stores. A friend referral event is also ongoing, where both the referrer and the referee receive a ‘coffee and dessert’ set coupon and a coffee coupon respectively when the referred friend subscribes to the product. First-time customers refer to those who had no transactions as of the 31st of last month or banking grade customers whose total balance of deposits and investment products held at Citibank is less than 10 million KRW.

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