Preferential Exchange Rates and Compound Interest... KB Launches Special Promotion for Foreign Currency Time Deposits

Subscription Available Up to $100,000

[Asia Economy Reporter Minwoo Lee] KB Kookmin Bank is conducting a special foreign currency time deposit sales event that offers compound interest benefits and preferential exchange rates.

KB Kookmin Bank announced on the 15th that it will hold the "Roll and Grow Foreign Currency Time Deposit Event" until the end of September.

The deposit subscription period is one day and is automatically extended every business day based on the principal and after-tax interest, allowing customers to enjoy the compound interest effect. Also, even if the deposit is terminated immediately when needed, both the principal and agreed interest can be received. Subscriptions are available in US dollars (USD), with a maximum subscription amount of up to 100,000 USD (approximately 132 million KRW) per account. Any Korean resident can subscribe through branches, internet banking, and KB Star (corporate) banking.

Meanwhile, during the event period, business customers who open a 'KB Export-Import Company Preferred Foreign Currency Account' for the first time and then subscribe to a foreign currency time deposit will receive a 90% preferential exchange rate benefit. Detailed information about the event can be found on the KB Kookmin Bank website or KB Star Banking.

A KB Kookmin Bank official stated, "We will continue to strive to provide various benefits to foreign exchange transaction customers, including foreign currency deposits."

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