Busan Bank Launches Special Sale of Eco-Friendly Financial Product 'Low-Carbon Practice Deposit'

BNK Busan Bank is launching a special sale of the regionally cooperative eco-friendly financial product, the ‘Low Carbon Practice Deposit’.

The ‘Low Carbon Practice Deposit’ is Busan Bank’s representative eco-friendly product that offers preferential interest rates based on the fulfillment of low carbon practice activities and allocates a portion of the sales amount to a fund for environmental improvement projects in the Busan area.

This special sale will be offered with a total limit of 500 billion KRW. The subscription period is one year, and anyone can subscribe with a minimum of 10 million KRW.

BNK Busan Bank 'Low Carbon Practice Savings' promotional image.

The basic interest rate is 2.85%, with a special sale preferential interest rate of 0.70%p and an additional preferential interest rate of up to 0.40%p for low carbon practice activities, allowing for a maximum annual interest rate of 3.95%.

The low carbon practice activities that provide preferential interest rates include ▲using public transportation with credit (or check) card transactions 0.1%p ▲participation in the Carbon Point System 0.1%p ▲ownership of eco-friendly vehicles 0.1%p ▲certification as an eco-friendly company 0.1%p, among others.

This special sale fixed deposit will be available until December 31 and will end early if the limit is reached.

Park Bong-woo, Head of Marketing Promotion at Busan Bank, said, “We hope that this special sale will encourage more customers to take an interest in environmental protection,” adding, “Busan Bank will continue to develop eco-friendly financial products that consider the environment and practice ESG values.”