Kookmin Bank, KB Star Regular Deposit Special Interest Rate... Up to 1.5% Annual Yield

[Asia Economy Reporter Park Sun-mi] KB Kookmin Bank announced on the 17th that it will hold the ‘KB Star Time Deposit Special Interest Rate Event’ starting from the 20th in celebration of the Chuseok holiday.

‘KB Star Time Deposit’ is a non-face-to-face exclusive time deposit product available for subscription through internet banking or KB Star Banking. The subscription targets are individuals and sole proprietors, with a minimum subscription amount of 1 million KRW.

This event will be held for 14 days from the 20th of this month to the 3rd of next month. During the event period, the subscription interest rates are applied as follows: ▲0.6% for 1 month or more but less than 3 months ▲1.0% for 3 months or more but less than 6 months ▲1.2% for 6 months or more but less than 12 months ▲1.4% for 12 months or more but less than 24 months ▲1.5% for 24 months or more up to 36 months.

A KB Kookmin Bank official said, “We prepared the special interest rate event for time deposits so that customers can enjoy a prosperous Chuseok holiday,” adding, “We hope this will help customers manage their assets during the difficulties caused by COVID-19.”