Suhyup Bank Launches 'Sh Susanmul-eul Joahae' Savings Account with Up to 7% Interest
Base Interest Rate 3%, Up to 4% Additional Benefits Under Preferred Conditions
Sh Suhyup Bank recently announced on the 18th the launch of a public interest savings product called 'Sh I Like Seafood (海)' that offers an annual interest rate of up to 7% to promote the sales of domestic seafood, which is struggling due to reduced consumer spending.
This product is a high-interest public interest product that provides a basic interest rate of 3% per year, with the possibility of receiving up to 7% annually if preferential interest rate conditions are met. The preferential interest rate conditions are as follows: ▲3% for purchases of 200,000 KRW or more using Suhyup credit or debit cards at Bada Mart or Suhyup Shopping ▲1.5% for submitting receipts of 100,000 KRW or more spent at restaurants that purchase and sell domestic seafood. However, even if both seafood usage conditions are met, the maximum preferential interest rate applied is only 3%.
Additionally, if all of the following conditions are met?▲bank transaction performance (0.5% for automatic savings transfer or card usage) ▲seafood consumption pledge (0.1%) ▲marketing consent (0.1%) ▲My Asset Service subscription (0.3%)?a maximum preferential interest rate of 4% can be received.
This product is limited to 10,000 accounts, with one account per person allowed, and the subscription period is one year. The maximum deposit amount is 300,000 KRW.
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Kang Shin-sook, President of Suhyup Bank, stated, “Suhyup Bank will strengthen support for fisheries and fishery workers nationwide who are facing difficulties due to decreased seafood consumption and take the lead in helping our economy regain vitality. We will continue to do our best as a cooperative bank to fulfill our fundamental role by supporting the revitalization of fishing village economies and selling public interest products to bring hope to fishing communities.”
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