Korea Citibank "Up to 5% Benefits for New Savings Account Sign-ups"

[Asia Economy Reporter Kim Min-young] Korea Citibank announced on the 23rd that it will hold a variety of events offering abundant benefits to celebrate this year's Chuseok holiday.

Until October 31, customers who subscribe to the mobile-only product, Citi The Dream Installment Savings, with a monthly deposit of at least 100,000 KRW for a 6-month term, and register automatic transfers from a Korea Citibank deposit account linked for more than 5 months, will receive an interest rate of 2% (annual, before tax). Additionally, the first 5,000 customers who meet the conditions will receive a CU mobile gift certificate worth approximately 6,000 KRW upon maturity. For customers saving 100,000 KRW monthly, including the gift certificate amount, the benefits amount to an annual pre-tax interest rate of over 5%.

Along with this, the bank is currently running a launch event for the Citi Level Up Account, a deposit account with free withdrawals, which was introduced on the 16th. Customers who newly open a Citi Level Up Account and maintain a final balance of at least 1,000,000 KRW on the last business day of the month of account opening by November 11 will be entered into a draw to win generous prizes such as the Galaxy Note 20 and Dyson Airwrap.

During the same period, customers who recommend the Citi Level Up Account to acquaintances and have them join together will each receive a CU mobile gift certificate worth 10,000 KRW. The Citi Level Up Account, available both at branches and via the mobile app, offers a basic daily balance interest rate plus a preferential rate based on the Citibank asset management service tier. However, new customers receive a preferential rate of 0.6% (annual, before tax) regardless of their asset management service tier, from the day after the account opening until the business day before the third week of the following month, allowing them to enjoy rates ranging from a minimum of 0.61% to a maximum of 1.0% (annual, before tax).

Furthermore, Korea Citibank is running a program that offers new asset management customers visiting branches a special 3-month fixed deposit interest rate of up to 1.4% (annual, before tax) and a minimum of 1.2% (annual, before tax), along with Shinsegae gift certificates worth up to 400,000 KRW. These customers are also eligible to receive various generous gifts such as Dyson vacuum cleaners and TVs.

The special fixed deposit interest rate event runs until the end of October and may end early if the quota is exhausted. Additionally, all customers who visit branches for asset management consultations and agree to marketing will receive masks and mask straps. Citibank's asset management service starts from the Citi Priority tier for transaction amounts of 50 million KRW or more, and offers differentiated benefits according to tiers, including Citi Gold and Citi Private Client, based on transaction amounts.

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