Interest Rate Increases Every 3 Months... Accuon Savings Bank's '3-UP Fixed Deposit' Interest Rate Up to 4.45%

Increase by 0.80~3.05%P by Section

Accuon Savings Bank has raised the interest rates on its ‘3-UP Time Deposit,’ which increases rates every three months, offering a maximum annual interest rate of 4.45%.

Accuon Savings Bank announced on the 31st that it will increase the interest rates of the ‘3-UP Time Deposit’ by up to 3.05 percentage points per tier. This product is a one-year time deposit with interest rates that rise in tiered increments.

The rate hike was applied by tier. In the 1st tier (first 3 months), the contracted interest rate increased from 1.70% to 2.5%; in the 2nd tier (second 3 months), from 1.95% to 3.5%; in the 3rd tier (third 3 months), from 2.50% to 5.5%; and in the 4th tier (fourth 3 months), from 2.85% to 5.9%. The increase ranged from 0.80 to 3.05 percentage points. If the product is maintained for one year, customers can receive an average tier interest rate of 4.35% per annum.

Preferential interest rates are also offered depending on the subscription method. Customers who subscribe via internet banking receive an additional 0.05 percentage points, while those who subscribe via mobile banking receive an additional 0.1 percentage points. Accordingly, the maximum average interest rate reaches 4.45% per annum.

Even if the deposit is withdrawn early, the contracted interest rate is guaranteed according to the elapsed period. If early withdrawal occurs after each tier, the rate applied is the ‘contracted interest rate + ordinary deposit interest rate for the remaining elapsed days’ of that tier. Early withdrawal before 3 months will apply the ordinary deposit interest rate.

Customers can choose between simple and compound interest payment methods. The minimum subscription amount is 1,000,000 KRW. Both individual and corporate customers can subscribe, and subscriptions are available not only through internet and mobile banking but also at branch offices.

An Accuon Savings Bank representative said, "The ‘3-UP Time Deposit’ product guarantees the contracted interest rate for each tier even if withdrawn early, allowing customers to subscribe without worry," and added, "We will continue to make our best efforts to provide various products and services to our customers."

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