Sangsangin Savings Bank Raises Deposit Interest Rate up to 2.21% on 1st Anniversary of 'BangBangBang' Launch
[Asia Economy Reporter Song Seungseop] SangSangIn Savings Bank announced on the 2nd that it will raise deposit interest rates to celebrate the 1st anniversary of the launch of its mobile platform ‘BangBangBang’.
The ‘BangBangBang Time Deposit’ offers interest rates of 1.91% for 1 month, 2.01% for 3 months, and 2.11% for 6 months, depending on the deposit period. The 12-month maturity product provides a maximum interest rate of 2.21%. For the ‘BangBangBang Parking Account 369 Time Deposit,’ even a one-day deposit as a parking account offers a pre-tax interest benefit of 1.81%. Deposits of 9 months or longer receive an interest rate of 2.11%.
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Lee Inseop, CEO of SangSangIn Savings Bank, stated, “We have prepared a dramatic interest rate benefit with a 0.51% increase compared to existing time deposit rates,” and emphasized, “BangBangBang is scheduled for a major upgrade in the second half of this year, and various products will continue to be launched.”
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