JT Savings Bank Celebrates 1st Anniversary of Mobile App Launch... "Deposit Interest Rate Up to 1.95%"

[Asia Economy Reporter Song Seung-seop] JT Savings Bank has raised interest rates to commemorate the 1st anniversary of the launch of its mobile application (app).

According to JT Savings Bank on the 15th, the interest rate on non-face-to-face fixed deposits was increased by 2.0%p annually. Customers who sign up through the savings bank's mobile app 'SB Toktok Plus' or internet banking can use JT Savings Bank's non-face-to-face fixed deposit products at an interest rate of 1.85%. For non-face-to-face revolving fixed deposits, up to 1.95% annually is offered for a 12-month term.

This is 0.27%p higher than the average interest rate of 1.68% for 12-month non-face-to-face fixed deposit products in the savings bank industry (as of the 10th of this month). Compared to fixed deposits at the four major commercial banks, it is at least 1 to 1.35%p higher, and even compared to internet-only banks, it is up to 0.75%p higher.

Choi Sung-wook, CEO of JT Savings Bank, emphasized, “The ‘JT Savings Bank’ mobile app for better financial services has reached its 1st anniversary,” and added, “We will continue to provide high-quality financial services that customers can feel.”

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