The K Savings Bank Launches Special Savings and Deposit Promotion at 1.9% Annual Rate for Teacher's Day

[Asia Economy Reporter Song Seung-seop] The K Savings Bank announced on the 13th that it will launch the '2021 e-ssam Plus' special fixed deposit in celebration of Teacher's Day.

This deposit is an online-only product available to current elementary, middle, and high school teachers as well as university professors. Only one account per person is allowed, with a maximum limit of 50 million KRW. The subscription period is 12 months, and the pre-tax interest rate is 1.90% per annum. Subscriptions can be made through The K Savings Bank's website.

The total sales limit is 10 billion KRW, and the product will be sold only until the end of this month. Sales may end early if the limit is reached.

Meanwhile, The K Savings Bank, a company invested by the Korea Teachers' Credit Union, has launched special promotions every year to commemorate Teacher's Day.