K Bank Raises Main Transaction Preferred Free Installment Savings Interest Rate by Up to 0.6%p Annually

[Asia Economy Reporter Bu Aeri] K Bank announced on the 1st that it will raise the interest rates of the 'Main Transaction Preferential Flexible Savings' by up to 0.6 percentage points depending on the period.

When preferential conditions are met, the interest rate for a 1-year subscription period increased from up to 2.7% per annum to up to 3.2% per annum, for 2 years or more but less than 3 years from up to 2.9% per annum to up to 3.4% per annum, and for 3 years from up to 3.1% per annum to up to 3.7% per annum.

The 'Main Transaction Preferential Flexible Savings' offers preferential interest benefits if two conditions are met. If salary transfer or automatic payment of communication fees is made through a K Bank account, 0.3 percentage points can be received, and if K Bank check card usage reaches 200,000 KRW per month, another 0.3 percentage points can be received, providing a maximum preferential interest rate of 0.6 percentage points.

The 'Main Transaction Preferential Flexible Savings' guarantees a maximum monthly deposit of up to 3 million KRW. If 3 million KRW is deposited monthly for a 1-year maturity product, the interest benefit after tax at maturity amounts to approximately 530,000 KRW.

K Bank also announced that it will raise the interest rates of the 'CodeK Flexible Savings' by up to 0.4 percentage points starting from the 1st.

The interest rate for a 1-year subscription period increased from 2.6% per annum to 2.9% per annum, for 2 years or more but less than 3 years from 2.8% per annum to 3.1% per annum, and for 3 years from 3.0% per annum to 3.4% per annum, a 0.4 percentage point increase.

The monthly deposit amount for 'CodeK Flexible Savings' is up to 300,000 KRW.

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