K-Bank Parking Account Interest Raised to 2.7%... Maximum Limit is 300 Million Won

Interest Rates on Fixed Deposits Also Raised by Up to 1.0%p

[Asia Economy Reporter Minwoo Lee] K Bank is raising the interest rate on its parking account product, a regular savings account with flexible deposits and withdrawals, to an industry-leading annual rate of 2.7%.

K Bank announced on the 27th that it will increase the interest rate of the parking account "Plus Box" by 0.2 percentage points to 2.7%.

As a result, an annual interest rate of 2.7% will be applied even if the deposit is held for just one day, and interest will be paid on the fourth Saturday of every month. If you deposit 10 million KRW, you can receive 19,000 KRW (after tax) in interest per month. The maximum deposit limit is 300 million KRW.

Along with this, the interest rate on the fixed deposit product "CodeK Fixed Deposit" was also raised by up to 1.0 percentage point. Accordingly, an annual interest rate of 3.10% to 4.20% will be applied depending on the subscription period. New customers can receive the highest interest rate simply by signing up without any conditions such as card usage performance, and the minimum subscription amount is 1 million KRW. There is no limit on the maximum subscription amount.

A K Bank official explained, "Following the 0.2 percentage point increase on the Plus Box parking account on the 5th, we have raised the rate twice this month alone, reaching the highest level in the industry," adding, "Reflecting the preference for short-term deposits, we have also significantly enhanced the interest rate benefits for deposit products with a subscription period of less than one year."

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