DB Savings Bank Launches Fixed Deposit Savings Offering Up to 5.5% Interest Rate
[Asia Economy Reporter Song Seung-seop] DB Savings Bank launched the ‘M-Withyu Installment Savings’ on the 2nd, offering a maximum annual interest rate of 5.5%.
The base interest rate is 3.0%, and preferential rates can be received by meeting various conditions such as first-time transactions, customers in their 20s and 30s, customers of DB Financial affiliates, transfers from DB Savings Bank ordinary deposit accounts, and consent to use customer personal information for marketing. The monthly deposit is up to 1 million KRW, and the subscription period is one year.
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This product is a mobile-only deposit product planned to commemorate the 50th anniversary of DB Savings Bank. A DB Savings Bank official explained, “When the contract balance reaches 30 billion KRW, the event interest rate and limit will be adjusted, and it will be converted into a regular product for general sale.”
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