KB Kookmin Bank Launches Group Purchase Fixed Deposit Sales... Up to 3.2% Annual Interest Rate

6-Month and 1-Year Fixed Deposit Products Offering Tiered Interest Rates Based on Final Sales Amount
Higher Interest Rates the More You Join, Up to 3.20% Annual Interest Rate

[Asia Economy Reporter Song Hwajeong] KB Kookmin Bank announced on the 6th that it will sell a fixed deposit product called 'Group Purchase Fixed Deposit,' which offers differentiated interest rates based on the sales amount, until the 15th.

Following its launch in June, this Group Purchase Fixed Deposit is available in 6-month and 1-year terms and can be subscribed to through KB Kookmin Bank branches, customer centers, and KB Star Banking. The total subscription limit is 2 trillion KRW, and sales will end early if the limit is reached.

The minimum subscription amount is 1 million KRW or more, and the interest rate is applied differently depending on the final sales amount and whether the event interest rate applies. For a 1-year subscription period, if the final sales amount is 100 billion KRW or less, the interest rate is 2.60% per annum; if it exceeds 100 billion KRW, the interest rate is 2.70% per annum. Additionally, customers who have no new fixed deposit (including reinvestment) history from July 1, 2021, and newly subscribe to the Group Purchase Fixed Deposit with 10 million KRW or more will receive an event interest rate of 0.5 percentage points, allowing for a maximum interest rate of 3.20% per annum.

A KB Kookmin Bank official said, "We have increased the subscription limit and interest rates so that more customers can benefit compared to the Group Purchase Fixed Deposit sold in June," and added, "We ask for your interest in the Group Purchase Fixed Deposit, which offers higher interest rates as the sales amount increases."