KB Securities Launches Special Term Deposit Linked to KB Pay

KB Securities announced on the 17th that it has launched a special issuance of promissory notes through KB Pay starting from the 16th, offering a maximum annual pre-tax yield of 4.85%.

To commemorate the sale of promissory notes via KB Pay, KB Securities has prepared a special issuance with a limit of 100 billion KRW. The special issuance promissory notes are sold exclusively to individual discretionary clients of KB Securities who use KB Pay, with a minimum purchase amount of 1 million KRW per individual.

The promissory notes available for purchase through KB Pay consist of two types: demand promissory notes, which can be bought and sold at any time without a fixed period, and term promissory notes, where the amount is deposited as a lump sum for a fixed period, after which the principal and earnings are returned together.

The 6-month term special issuance promissory notes offer a pre-tax annual yield of 4.70% with a limit of 50 billion KRW, while the 12-month term special issuance promissory notes provide a pre-tax annual yield of 4.85% with a limit of 50 billion KRW. Additionally, the demand promissory notes offer a pre-tax annual yield of 3.40%, allowing customers to select products according to their investment goals and periods.

With the recent rise in the base interest rate, there is growing interest in products that combine stability by paying agreed earnings upon subscription with profitability, making this special issuance promissory note expected to be useful for investors.

Ha Woo-sung, Head of the Platform Division at KB Securities, said, "Through the sale of promissory notes via KB Pay, we have been able to provide customers with interest rate benefits through various channels," adding, "We will continue to strive to assist customers in managing their assets with a competitive lineup of diverse financial products."

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