BNK Busan Bank Launches Customized Preferential Savings Product for Individuals

Customized Preferential Interest Rates
for Salaried Employees, Public Officials, and Sole Proprietors
Up to 5% Annual Interest with Additional Bonus Benefits

BNK Busan Bank has announced the launch of the "Only One Main Transaction Preferential Savings," which offers customized preferential interest rates for customers such as salaried employees, public officials, and sole proprietors.

The base interest rate is 2% per annum, and customers can receive an additional preferential rate of up to 3.00 percentage points depending on their customer type and eligibility for common preferential benefits, for a maximum annual interest rate of 5%. For salaried employees, the preferential rate is determined based on the customer rating of their employer, the number of employees participating in the savings plan, and salary transfer records. In particular, the more employees from a company who enroll in the savings plan, the higher the preferential rate for "employee participation in the savings plan."

Public officials are eligible for preferential rates based on proof of employment and salary transfer records, while sole proprietors can receive customer-type preferential rates by newly joining the Yellow Umbrella Mutual Aid Fund and meeting merchant account transaction requirements.

The common preferential rate is applied based on maintaining an average balance in a transaction account, subscribing to a time deposit, holding a group account, having an individual IRP, and using credit or debit cards. Notably, if all five of these conditions are met, a bonus interest rate of 1.00 percentage point is additionally provided.

Individuals aged 14 or older are eligible to open an account, and each person may open only one account. The term is 12 months, with flexible monthly deposits of up to 500,000 KRW. Detailed information about the product can be found on the Busan Bank website and the mobile banking application (app).

Shin-Sik, Head of the Personal Customer Group at Busan Bank, stated, "We will continue to strengthen our product lineup for main transaction customers and expand tangible financial benefits for our clients."

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