Gwangju Bank Launches Special Rate Event for Digital-Only Time Deposit

Gwangju Bank is holding a special interest-rate event for its digital-only fixed deposit product, "Digital Deposit Special Rate Event". Provided by Gwangju Bank.

Gwangju Bank announced on the 4th that it is offering a digital-only time deposit product called the "Digital Deposit Special Rate Event." This limited-time product is designed for non-face-to-face customers and offers a maximum annual interest rate of 3.01%.

The event runs until March 12 and is operated with a total limit of 300 billion won. Once the limit is reached, it will end early regardless of the scheduled period.

Eligible applicants are individuals with verified real-name accounts, and the minimum subscription amount is 1 million won. The event is limited to individual customers who have no record of early termination of any Gwangju Bank time deposit within one month prior to the new subscription date (including the subscription date).

The interest rate benefits vary depending on the subscription period. For a 12-month subscription, if the deposit is newly opened and held to maturity, a maximum annual interest rate of 3.01% is offered. This rate consists of a base rate of 2.70% per annum, a 0.10 percentage point preferential rate for agreeing to marketing communications, and a 0.21 percentage point event preferential rate.

For a subscription period of at least 6 months but less than 12 months, if the deposit is newly opened and held to maturity, a maximum annual interest rate of 2.91% is offered. This rate consists of a base rate of 2.65% per annum, a 0.10 percentage point preferential rate for agreeing to marketing communications, and a 0.16 percentage point event preferential rate.

The product can be opened through the "Gwangju Wabank" app and mobile web banking, and detailed information about the event can be found on the Gwangju Bank website or by contacting the customer center.

Moon Sangyong, Head of New Growth Business at Gwangju Bank, said, "We have prepared competitive interest rate benefits to express our gratitude to customers who use our digital financial products," adding, "We will continue to introduce practical benefits and various events that customers can truly experience."

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