Interest Rate Up to 3.0%... SC Jeil Bank Launches 'My100 Account'

Promotional Events Including Cash Giveaways to Celebrate Launch

[Asia Economy Reporter Minwoo Lee] SC First Bank has launched a demand deposit account offering an interest rate of up to 3.0% per annum and is holding a commemorative event.

SC First Bank announced on the same day that it launched the 'SC First My100 Account (hereinafter My100 Account)' on the 4th and will hold a commemorative event starting from the 18th.

The My100 Account is a new demand deposit product exclusively for mobile banking. The basic interest rate is applied based on the daily balance: ▲1.5% (annual, before tax) for amounts up to 1 million KRW ▲0.1% for amounts exceeding 1 million KRW. If additional conditions are met, a preferential interest rate of up to 1.5 percentage points is added. This means that for amounts up to 1 million KRW based on the daily balance, customers can receive an interest rate of up to 3.0%.

The detailed preferential interest rate conditions are ▲0.5 percentage points for first-time transactions with SC First Bank ▲0.2 percentage points for logging into SC First Bank internet banking or mobile banking at least once a month ▲0.1 to 0.8 percentage points for new subscriptions through SC First Bank affiliated channels. Each preferential interest rate is available for one year from the date of new subscription to the My100 Account.

A launch commemorative event is also being held. Until the 30th of next month, all customers who newly subscribe via SC First Bank mobile banking will receive a special interest rate of 0.8 percentage points. However, customers who receive preferential interest rates by subscribing to the My100 Account through SC First Bank affiliated channels are excluded from the special interest rate of the launch event. Additionally, among customers who enter the prize event via mobile banking during the launch event period, 10 will be selected by lottery to receive cash prizes (up to 1 million KRW per person) deposited based on their My100 Account balance as of the 30th of next month.

More detailed information about this product can be obtained through SC First Bank branches or the customer contact center. Bae Soonchang, head of the deposit products department at SC First Bank, said, "We designed this new product so that customers who mainly use mobile banking for small transactions in a digital environment can enjoy various fee exemption benefits and receive high interest benefits even on small deposits."

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