K-Bank Raises Parking Account Interest Rate by 0.3%p... Applies Annual Interest Rate of 0.8%

[Asia Economy Reporter Kiho Sung] K Bank announced on the 28th that starting from the 1st of next month, it will raise the base interest rate of its parking account 'Plus Box' from the current 0.5% by 0.3 percentage points to apply an annual interest rate of 0.8%.

K Bank's parking account 'Plus Box' offers the highest limit in the banking sector of 300 million KRW and allows customers to earn interest unconditionally even if deposited for just one day, making it a popular product across all age groups.

In particular, it is possible to 'split accounts' up to 10 times according to purpose, and automatic transfers from a linked deposit and withdrawal account to various Plus Boxes are also available. Additionally, it has a feature to transfer a fixed amount on the same day of the week every week or on the same date every month.

A K Bank official stated, "We have raised the interest rate of Plus Box, which is popular among the 20s and 30s who are interested in investment and the 40s and 50s who want stable fund management," and added, "We will continue to strive to provide customer benefits in the future."