OK Savings Bank Launches Special Fixed Deposit with 5.3% Annual Interest Rate
[Asia Economy Reporter Song Seung-seop] OK Savings Bank conducted a special sale of the ‘OK Eutshot Fixed Deposit’ on the 24th.
The OK Eutshot Fixed Deposit is a fixed deposit product with a 6-month maturity, offering a special interest rate of 5.3% per annum (before tax). The minimum subscription amount is 100,000 KRW, and the interest payment method can be chosen between monthly payment or payment at maturity. OK Savings Bank explains that the 6-month contract period is relatively short, making it suitable for short-term fund management during a period of rising interest rates. The special sale will end once the quota is exhausted, with a separate notice provided.
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An OK Savings Bank official stated, “We decided on the special sale as demand for short-term high-interest deposit products has increased.”
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