KB Kookmin to Raise Savings and Deposit Interest Rates by Up to 0.4%p
[Asia Economy Reporter Bu Aeri] KB Kookmin Bank will raise the interest rates on savings and deposits by up to 0.4 percentage points starting from the 29th, following the Bank of Korea's base rate hike.
According to KB Kookmin Bank on the 25th, the KB Kookmin Happiness Savings will increase by 0.4 percentage points, and travel-specialized products such as KB Dugundugun Travel Savings will increase by 0.25 percentage points.
For vulnerable groups such as basic livelihood security recipients and earned income tax credit recipients, the KB Kookmin Happiness Savings supports asset formation, offering a maximum annual interest rate of 5.25% for a 1-year fixed installment savings plan, and the KB Companion Happiness Savings provides up to 4% annually.
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A KB Kookmin Bank official stated, “We are implementing an increase in savings and deposit interest rates reflecting the Bank of Korea's base rate and market interest rates,” adding, “We will continue to do our best to help customers build their assets.”
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