"If You Spend 150,000 Won Over 4 Months, Up to 8.5% Annual Interest" K Bank Offers Limited High-Interest Savings Account Sale

Monthly limit up to 200,000 KRW, interest rates from 1.8% to 8.5% per year savings sale
Use only 150,000 KRW with one of three Shinhan Card types by March next year for up to 8.5% annual interest

[Asia Economy Reporter Kim Hyo-jin] K Bank announced on the 8th that it will jointly launch the ‘Hot Deal Savings x Shinhan Card’ product with Shinhan Card, offering interest rates ranging from a minimum of 1.8% to a maximum of 8.5% per annum.

This product is characterized by providing a high annual interest rate of up to 8.5% by meeting relatively simple usage conditions.

The basic interest rate is 1.8% per annum, and a preferential interest rate of 0.5% is applied to new K Bank members or customers who set up automatic transfers when subscribing to the savings account. In effect, anyone can receive an interest benefit of 2.3% per annum.

Additionally, customers who have no Shinhan Card usage record in the six months prior to the savings subscription date and use a preferential interest rate eligible card for more than 150,000 KRW by March 31 of next year will receive an additional 6.2% preferential interest rate, allowing them to earn up to 8.5% per annum.

The eligible cards are three types: ‘Yolo’, ‘Simple+’, and ‘Deep Dream Platinum+’ cards, and preferential interest rates are provided to customers who apply for one of these through online channels.

Customers who meet all the Shinhan Card preferential interest conditions will additionally receive five Starbucks coffee coupons in mid-April next year. The subscription period is one year, and the monthly payment amount is up to 200,000 KRW. Sales are limited to the first 30,000 customers on a first-come, first-served basis until January 29 of next year.

Meanwhile, K Bank will launch on the 9th of this month the time deposit product ‘Hot Deal Deposit x KB Insurance’ offering an interest rate of 7% per annum (maximum interest of 34,904 KRW before tax) to customers who newly subscribe or change their ‘KB Insurance Direct Auto Insurance’ through the bank’s application and maintain it until the deposit maturity. The subscription period is 182 days, and the payment amount is up to 1,000,000 KRW.

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