SC First Bank Offers Up to 4.2% Special Interest Rate on US Dollar Time Deposits

For New Customers Making Their First Transaction
With Deposits of $200,000 or More Until the 29th

SC First Bank announced that it will hold a special event offering a maximum pre-tax interest rate of 4.2% for customers who open US dollar-denominated time deposits (3- or 6-month terms) until August 29, 2025.

The event is open to first-time customers who open a foreign currency time deposit in US dollars at an SC First Bank branch, with a deposit amount of at least $10,000 (approximately 13,901,000 KRW) and up to $500,000. A special interest rate of 4.0% will be offered for deposits of $10,000 or more but less than $200,000, and 4.2% for deposits of $200,000 or more but less than or equal to $500,000. The total subscription limit is $30 million, and the event will end early if the limit is reached.

SC First Bank is also running a special interest rate event on foreign currency demand deposits (US dollars), which allow free withdrawals and deposits, until August 29, 2025. The event is open to first-time customers who newly open a US dollar demand deposit account with at least $10,000 at an SC First Bank branch. A special interest rate of 2.7% will be offered for deposits of $10,000 or more but less than $100,000, and 3.5% for deposits of $100,000 or more, for up to 60 days from the date of new account opening. The total subscription limit is $30 million, and the event will end early if the limit is reached.

For both special interest rate events, customers who exchange Korean won for US dollars and newly open an account at a branch will also receive a 95% preferential exchange rate benefit (based on the telegraphic transfer selling rate at the time of deposit) on the deposit amount.

Bae Soonchang, Head of Deposit Products at SC First Bank, said, "We have prepared this special interest rate event to meet the needs of customers who want to manage US dollars as a stable asset and those seeking high time deposit interest rates," adding, "It will be a great opportunity to enjoy industry-leading high interest rates and receive global wealth management services."

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