Korea Citi Bank Launches 'Citi Level Up Account' with Free Deposits and Withdrawals

[Asia Economy Reporter Kim Min-young] Korea Citibank announced on the 16th that it has launched the 'Citi Level-Up Account,' a deposit account with free deposits and withdrawals.

This account offers a tiered basic interest rate ranging from 0.01% to a maximum of 0.4% per annum based on the daily ending balance. Additionally, a preferential interest rate of up to 0.6 percentage points is added depending on the Citibank Wealth Management (WM) service tier, allowing customers to enjoy a maximum interest benefit of 1.0%.

For new subscribers, an additional preferential interest rate of 0.6% is applied unconditionally from the account opening date until the day before the first business day of the third week of the following month.

An event is also being held. Customers who open this account by the 31st of next month and maintain a balance of at least 1,000,000 KRW on the last business day of the month of account opening will be entered into a prize draw to win generous gifts such as a Galaxy Note20, Dyson Airwrap, Balmuda toaster, and coffee coupons.

Furthermore, if a customer recommends this account to an acquaintance and the recommended acquaintance opens an account, both the recommending and the recommended customers will receive convenience store gift certificates worth approximately 10,000 KRW. Up to 10 acquaintances can be recommended, and each recommending customer can receive up to 10 convenience store gift certificates, one per recommended acquaintance. For every three recommended customers, an additional Starbucks dessert set coupon will be provided, up to a maximum of three dessert set coupons.

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