Jeonbuk Bank 'Provincial Residents Preferred Installment Savings... Limited to 2024 Special Autonomous Province Launch'

Jeonbuk Governor First Member... 'Wishing for a Successful Launch'

From the 19th, Residents' Preferential Rate 1.0%, Up to 5.5% Annually

Jeonbuk Bank (President Baek Jong-il) announced on the 19th the launch of a special term savings product, "Jeonbuk Special Self-Governing Province Companion Savings," to commemorate D-30 until the launch of Jeonbuk Special Self-Governing Province.

According to Jeonbuk Bank, this product will be sold in limited quantities of 2024 accounts until the end of January next year. It can be subscribed to at branch counters. The subscription period is 12 months, the monthly deposit amount ranges from 50,000 to 500,000 KRW, and it offers a maximum annual interest rate of 5.5% for one account per person.

On the 19th, Jeonbuk Bank launched a special fixed deposit product, "Jeonbuk Special Self-Governing Province Companion Savings," to commemorate D-30 until the launch of Jeonbuk Special Self-Governing Province.
[Photo by Jeonbuk Bank]

The base interest rate is 4.00% per annum, and if the registered home or work address is in Jeonbuk (Jeonbuk Special Self-Governing Province) at the time of subscription, an additional 1.00% per annum is applied. If automatic transfers are made more than six times through a Jeonbuk Bank deposit and withdrawal account, an additional 0.30% per annum is given, and with marketing consent, an additional 0.20% per annum is provided, resulting in a maximum preferential interest rate of 1.50% per annum.

The passbook is issued as a dedicated passbook visualizing the beauty of Jeonbuk to wish for the successful launch of Jeonbuk Special Self-Governing Province.

On the first day of sales, Governor Kim Kwan-young commemorated the launch by becoming the first subscriber to the "Jeonbuk Special Self-Governing Province Companion Savings," and Jeonbuk Bank plans to conduct various promotional campaigns.

A Jeonbuk Bank official stated, "In line with the launch of Jeonbuk Special Self-Governing Province, Jeonbuk Bank will provide financial services to the residents," adding, "As the only local bank in Jeonbuk, we will actively participate in promoting the Special Self-Governing Province."

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