Gyeongnam Bank Launches 'Main Transaction Premium Savings' Offering Preferential Interest Rates to Key Customers

[Asia Economy Reporter Kim Min-young] BNK Gyeongnam Bank has introduced a premium financial product that offers preferential interest rates to its main transaction customers.

Gyeongnam Bank announced on the 25th that it has launched the ‘Main Transaction Premium Savings Account.’

This savings account provides a preferential interest rate of up to 1.40% depending on whether conditions such as salary or merchant payment deposits, and automatic utility bill transfers are met through the Gyeongnam Bank deposit and withdrawal account. The 3-year term offers up to 2.40% annual interest, the 2-year term up to 2.35%, and the 1-year term up to 2.30% (pre-tax) interest rates.

If more than half of the savings subscription is filled, and either of the following two conditions is met: ▲a salary deposit of at least 500,000 KRW per transaction into the deposit and withdrawal account within 5 business days before or 10 business days after the designated salary date ▲deposit of BC, Samsung, or Shinhan card payment amounts into the deposit and withdrawal account, a preferential interest rate of 0.50 percentage points is granted.

Additionally, if there are 3 automatic utility bill transfers per month, an extra preferential interest rate of 0.40 percentage points is provided, and if there are 4 or more transfers per month, an additional 0.60 percentage points is offered. New customers who have not held any installment or lump-sum deposits in the past 6 months from the subscription date receive an additional 0.20 percentage points preferential interest rate.

At maturity, if the customer holds (is subscribed to) a Gyeongnam Bank Housing Subscription Savings account, an additional 0.10 percentage points preferential interest rate is granted.

Subscription is limited to one account per person, with a subscription amount between 10,000 KRW and 500,000 KRW per month. Customers can subscribe not only at branches but also via mobile banking, internet banking, and the customer center.

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