Seram Savings Bank "Join 3% Savings Account When Driving Eco-Friendly Cars"

[Asia Economy Reporter Song Seung-seop] Seram Savings Bank launched the ‘Good Driving Installment Savings’ on the 20th, offering an annual interest rate of up to 3%.

The base interest rate for this product is 2% per year, with preferential interest rates ranging from 0.5% to 1.0% depending on conditions. The term is up to 12 months, and customers can subscribe by visiting a branch counter. Upon maturity, it can be automatically renewed as a fixed deposit, and it can be used with a contract amount limit of 12 million KRW and a monthly deposit limit of 1 million KRW.

The preferential interest rate conditions include applying for ‘Good Driving Mileage’ through the police station or driving an eco-friendly vehicle (low-emission, hybrid, electric, hydrogen) or a vehicle for the disabled.

A Seram Savings Bank official stated, “As part of ESG management (environment, society, governance), we developed this preferential interest rate product to encourage safe driving and the use of eco-friendly vehicles while considering socially vulnerable groups,” and emphasized, “We will strive to fulfill the role of a social enterprise and continuously promote ESG management.”

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