Busan Bank, Special Fixed Deposit Promotion for the New Year of the Year of the Ox

[Asia Economy Reporter Kim Hyo-jin] BNK Busan Bank announced on the 25th that it will conduct a special sale of fixed deposits to welcome the New Year.

First, the bank will hold a second round of sales for the "The Special Fixed Deposit," which was sold last October to commemorate its 53rd anniversary, starting from February 1.

The subscription is available to individuals with real names and can be done through Busan Bank's mobile banking. It is a one-year fixed deposit product with a subscription limit ranging from a minimum of 3 million KRW to a maximum of 10 million KRW.

The interest rate is a base rate of 1.0% per annum with a maximum preferential rate of 0.2 percentage points applied, making the highest rate 1.2% per annum. The preferential rate includes 0.1 percentage points for new subscriptions to fixed deposits when withdrawing from other bank accounts via Busan Bank's open banking, and another 0.1 percentage points for agreeing to financial information benefit notifications through Busan Bank's mobile banking.

From the same day, the bank also offers the "Live Fixed Deposit" for both individual and corporate customers. The subscription limit is 10 million KRW or more, and subscriptions can be made at Busan Bank branch counters.

The interest rates vary by subscription period: 0.8% for 6 months or more, 0.9% for 9 months or more, and 1.0% for 12 months.

This special fixed deposit sale has a total limit of 500 billion KRW and will run until March 31, ending early if the limit is reached.