SC Jeil Bank "Join Interest Rate Group Purchase and Earn 1.8% Deposit Interest"

[Asia Economy Reporter Song Seung-seop] SC First Bank announced on the 13th that it will hold an event called ‘Interest Rate Group Purchase,’ offering a maximum annual interest rate of 1.8% depending on the amount of deposits collected.

According to SC First Bank, it will collect up to 200 billion KRW for the mobile-only fixed deposit product ‘e-Green Save Deposit’ until the 24th of this month. The interest rate applied for the event will be determined based on the total amount collected by the deadline.

If the final collected amount is 50 billion KRW or more, an annual interest rate of 1.8% (1.7% for monthly interest payment type) will be applied. If the amount is between 30 billion and less than 50 billion KRW, the rate is 1.6% (1.5%), between 10 billion and 30 billion KRW is 1.4% (1.3%), and if less than 10 billion KRW, the basic interest rate of 1.25% per annum will be applied. If the limit is reached before the deadline, the event will end early.

The event is open to customers who subscribe through the SC First Bank mobile banking application (app). The subscription limit per account is from 1 million KRW to 500 million KRW. There is no limit on the number of accounts one person can open.

Bae Soon-chang, Head of Deposit Products at SC First Bank, said, “Following the Bank of Korea’s base rate hike, we raised the interest rate of the e-Green Save Fixed Deposit by up to 0.4 percentage points on the 3rd, which has significantly increased customer inquiries and subscriptions. We have prepared this group purchase event with greater benefits as a year-end customer appreciation.”

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