KB Kookmin Bank Launches Group Purchase Time Deposit Offering Up to 3% Annual Interest

Higher Sales Amounts
Lead to Higher Interest Rates

On November 24, KB Kookmin Bank announced the launch of the "2025 1st Group Purchase Time Deposit," a fixed deposit product that offers tiered interest rates based on the total sales amount.

The available subscription periods are 3 months, 6 months, and 12 months. Customers can sign up through KB Kookmin Bank branches, the KB Star Banking app, or the customer service center. The total subscription limit is 3 trillion won, and subscriptions will be accepted until December 5. However, if the limit is reached, sales may end early.

The minimum deposit amount is 1 million won, and the interest rate will vary depending on the final sales amount and whether the event rate applies.

For a 1-year subscription, if the final sales amount is 100 billion won or less, the annual interest rate will be 2.75%. If the amount exceeds 100 billion won, an annual interest rate of 2.85% will apply. Customers who meet certain conditions, such as having no record of opening (or renewing) a time deposit since November 1, 2024, will be eligible for an additional event rate of 0.15 percentage points, allowing for a maximum annual interest rate of 3.0%.

Detailed information about the product can be found on the KB Kookmin Bank website or the KB Star Banking app.

A KB Kookmin Bank representative stated, "As the total sales amount increases, the interest rate rises, and customers eligible for the event rate will receive additional benefits. We hope that more customers will take advantage of this group purchase time deposit to enjoy favorable interest rates."

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