K Bank, 1-Year Fixed Deposit Special Offer at 4.0% Annual Interest Rate

K Bank announced on the 1st that it will offer a special fixed deposit promotion with an annual interest rate of 4.0%.

Starting today, customers who choose the 'CodeK Fixed Deposit' for a period of 12 months or more but less than 24 months can receive an annual interest rate of 4.0%. There are no special subscription conditions. This special promotion will continue until the limit of 500 billion KRW is exhausted, and the minimum subscription amount is 1 million KRW with no other restrictions.

Separately from the special promotion, K Bank also raised interest rates. The interest rates for the 'CodeK Fixed Deposit' 3-month and 6-month products have been increased by 0.2 percentage points. The interest rate for products with a term of 3 months or more but less than 6 months was raised from 3.3% per annum to 3.5% per annum, and the rate for products with a term of 6 months or more but less than 12 months was raised from 3.4% per annum to 3.6% per annum.

The newly increased interest rates also apply to K Bank’s industry-first interest rate guarantee service benefit. The interest rate guarantee service retroactively applies the increased interest rate from the subscription date if the interest rate of the deposit product a customer subscribed to is raised within 14 days from the subscription date.