If You Start Transactions at SC Jeil Bank, Regular Deposit Interest Rate Up to 2.1% per Year

Special Interest Rate Promotion Until This Month
Various Prizes Also Awarded to Customers with Balances Over 100 Million Won

[Asia Economy Reporter Minwoo Lee] SC First Bank offers up to 2.1% annual interest rate on time deposits to first-time customers.

SC First Bank announced on the 11th that it will provide up to 2.1% (annual, pre-tax) interest rate on 12-month maturity time deposits (interest paid at maturity) to first-time customers who open an account by the 28th of this month.

Accordingly, customers starting their first transaction with SC First Bank who maintain a balance of at least 300,000 KRW in their checking account can receive an interest rate of 2.1% on new deposits of 100 million KRW or more, and 2.05% on amounts less than 100 million KRW, with no limit on the amount.

The 'My Signature Account,' which allows free deposits and withdrawals, is also offering a special interest rate of up to 1.5% to first-time customers until the 28th. If the customer's bank transaction performance exceeds 100 million KRW two months after the deposit month, they will receive up to 1.2% interest on amounts held for 31 days or more. First-time customers at SC First Bank receive an additional 0.3% interest, making the maximum applicable rate 1.5%.

However, the promotional interest rate applies only to deposits up to 1 billion KRW for three months. Bank transaction performance refers to the total balance at the end of the month two months prior in securities (funds) held by the depositor at SC First Bank, trust contracts (excluding MMT and unspecified money trusts), and KRW/foreign currency deposit accounts.

Among the eligible My Signature Account holders, customers with a balance of 100 million KRW or more at the end of next month will be entered into a prize draw. Prizes include: 1st place (1 winner) Tiger Gold Coin 37.5g, 2nd place (3 winners) Tiger Gold Coin 18.75g, 3rd place (6 winners) Samsung Galaxy Z Flip 3, 4th place (12 winners) Samsung BESPOKE Cooker, and 5th place (2,000 winners) Emart gift certificates worth 20,000 KRW.

Detailed information about the products and promotions can be found on the SC First Bank website, mobile banking application (app), or customer center.

Baesoonchang, Head of Deposit Products at SC First Bank, said, "We offer various high-interest products that allow customers to freely choose based on their purpose and operating period during the rising interest rate period, not only with time deposits but also with 'parking accounts' such as My Signature Account and My Zoom Account, which allow daily deposits and withdrawals while earning monthly interest, similar to parking a car briefly."

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