DB Savings Bank Launches 'Dream Big Time Deposit' to Celebrate 48th Anniversary

[Asia Economy Reporter Kim Min-young] DB Savings Bank announced on the 2nd that it has launched the Dream Big Fixed Deposit to celebrate its 48th anniversary.

This product features a preferential interest rate of 0.1% per annum for each 1-year revolving cycle. Upon initial subscription, a preferential interest rate of 0.1% per annum is applied to the 1-year maturity fixed deposit interest rate, and after the 1-year revolving cycle, a preferential interest rate of 0.1% per annum is applied based on the fixed deposit interest rate at that time. The maturity period is 3 years and can be automatically extended annually.

Customers can receive a 0.1% preferential interest rate when extending after the 1-year maturity or, even if they terminate early at the revolving cycle point, the interest rate for 1 year is guaranteed, allowing effective management of lump-sum funds.

As of today, the interest rate for this product is 1.9%, and the minimum subscription amount is 100,000 KRW. Subscriptions are available at branches, online, and via smart banking.

They are also selling fixed installment savings. The Dream Big Installment Savings has a 1-year maturity, and the monthly payment amount can be selected between 100,000 and 400,000 KRW. If you subscribe to DB Insurance's direct internet automobile insurance with a coverage of 300,000 KRW or more and a 1-year insurance period at least 30 days before maturity, you can receive an interest rate of up to 6.9% per annum.