KB Savings Bank Celebrates Reaching 2 Trillion Loan Assets... Launches Special Promotion on Regular Savings and Time Deposits

[Asia Economy Reporter Song Seung-seop] KB Savings Bank announced on the 24th that it has achieved loan assets of 2 trillion won and will implement a special promotion for fixed deposits and installment savings.

The target products are fixed deposits and the non-face-to-face exclusive product ‘KB Chakan e-Plus Fixed Installment Savings.’ Anyone can apply without any special conditions. When subscribing for 36 months, deposit products offer up to 2.1% annual interest, and installment savings products offer 3% annual benefits.

The fixed deposit is operated with a total limit of 50 billion won and can be opened with a minimum of 1 million won. Applications can be made through branch counters, the application (app), or internet banking. However, a 0.1% preferential interest rate is applied when subscribing non-face-to-face. Interest rates are applied according to the subscription period: 1.7% (12 months), 1.9% (24 months), and 2.1% (36 months) annually.

The fixed installment savings operate with a limit of 1,000 accounts and allow up to 1 million won per month. As a non-face-to-face product, the interest rates are set at 2.5% (12 months), 2.6% (24 months), and 3% (36 months) annually according to the subscription period. If subscribing at a branch counter under ‘KB Chakan Fixed Installment Savings,’ the interest rates are 2.4%, 2.5%, and 2.6%, respectively.

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