KB Kookmin Bank Raises Savings and Deposit Interest Rates by up to 0.6%P

KB Kookmin Premium Savings Account Interest Rate Increased by up to 0.6%P

[Asia Economy Reporter Yu Je-hoon] KB Kookmin Bank announced on the 19th that it will raise the interest rates on 15 types of fixed deposits and 23 types of installment savings accounts starting from the 20th, in accordance with market interest rate fluctuations.

For fixed deposits, the interest rates will increase by up to 0.5 percentage points (p), and among installment savings accounts, the KB Kookmin Premium Savings will see an increase of up to 0.6 percentage points.

In particular, for the KB Kookmin Happiness Savings, which supports asset formation for vulnerable groups such as basic livelihood security recipients and earned income tax credit recipients, the highest interest rate for a 1-year fixed installment savings account is 5.75% per annum, and the KB Companion Happiness Savings offers up to 5.0% per annum for a 3-year term.

A KB Kookmin Bank official stated, "We are implementing interest rate increases on savings and installment savings accounts reflecting the Bank of Korea's base rate and market interest rates," adding, "We will continue to do our best to help customers build their assets."