Jeonbuk Bank, Special Term Deposit Promotion for 51st Anniversary Celebration
Maximum Annual Interest Rate of 1.5%
[Asia Economy Reporter Park Sun-mi] JB Financial Group Jeonbuk Bank announced that it will sell the '51st Anniversary Customer Appreciation Time Deposit' from the 7th to the 11th to support customers going through difficult times due to the spread of COVID-19, in celebration of its 51st anniversary on the 10th.
Subscriptions are available from 3 million KRW to 500 million KRW, with a 12-month term and an interest rate of up to 1.50% per annum (including a preferential rate of 0.80% per annum). The sales limit is 50 billion KRW and will end early once the limit is reached.
This time deposit offers a basic preferential interest rate of 0.20% per annum on top of the market interest rate for irregular time deposits, and an additional preferential interest rate of up to 0.60% per annum is provided if certain conditions are met.
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A Jeonbuk Bank official said, “We have prepared a special time deposit product to express our gratitude to customers and to support overcoming COVID-19 on the occasion of our 51st anniversary,” adding, “Jeonbuk Bank will continue to practice warm financial services for everyone with more diverse services to become a 100-year bank together with our customers.”
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