IBK Industrial Bank launches special fixed deposits and medium-term bonds with a 2 trillion KRW limit

60th Anniversary Sale Until the End of August

[Asia Economy Reporter Kim Jin-ho] IBK Industrial Bank announced on the 2nd that it will temporarily offer the ‘IBK 60 Special Fixed Deposit’ and ‘IBK 60 Special Medium-Term Bond’ with a total limit of 2 trillion KRW until the end of August to commemorate its 60th anniversary.

The offer is available to individual customers, with a subscription amount ranging from a minimum of 10 million KRW to a maximum of 500 million KRW per person. The terms are ▲‘IBK 60 Special Fixed Deposit’ for 6 months or 1 year ▲‘IBK 60 Special Medium-Term Bond’ for 1 year.

The basic interest rate of the products is linked to the market interest rate and is fixed at the time of subscription. The highest interest rate, including a maximum preferential rate of 0.6%p per year, is 1.46% per year (based on the medium-term bond).

The preferential interest rate conditions include ▲entering a congratulatory message for the 60th anniversary upon new subscription (0.2%p per year) ▲not issuing a paper passbook from new non-face-to-face subscription until maturity termination (0.2%p per year) ▲subscribing to ESG products (IBK Neulpureun Haneul Account (installment savings) or Green Card V2) or receiving a COVID-19 vaccination during the contract period (0.2%p per year).

Subscriptions can be made at branches and through the non-face-to-face channel, the smart banking app ‘i-ONE Bank’. A prize event will also be held for customers who subscribe. Among customers born in 1961 or in August, 60 people will be selected by lottery to receive a cake mobile gift certificate. Additionally, 60 customers who write congratulatory messages will be selected to receive travel gift certificates, dining gift certificates, and convenience store mobile gift certificates.

An IBK representative explained, “We planned to launch this product as part of a customer appreciation event commemorating the 60th anniversary.”