SC First Bank Offers Up to 4.2% Special Interest Rate on Dollar Time Deposits

Join with Over $100,000 by July 31
For First-Time Customers
Total Subscription Cap of $30 Million

SC First Bank announced that it will be running a special event offering a maximum annual interest rate of 4.2% (before tax) for customers who open a US dollar time deposit (3 or 6 months) until July 31.

The event is open to first-time customers who open a foreign currency time deposit of at least USD 10,000 and up to USD 300,000 at an SC First Bank branch. Customers who deposit between USD 10,000 and less than USD 100,000 will receive a special interest rate of 4.0%, while those who deposit between USD 100,000 and up to USD 300,000 will receive a rate of 4.2%. The total subscription cap is USD 30 million, and the event will end early if the cap is reached.

The bank is also running a special interest rate event for US dollar demand deposits, which allow free withdrawals and deposits, until July 31. This event is available to first-time customers who newly open a US dollar demand deposit account with at least USD 10,000 at an SC First Bank branch. Customers who deposit between USD 10,000 and less than USD 100,000 will receive a special interest rate of 2.7%, while those who deposit USD 100,000 or more will receive a rate of 3.5%. These special rates will be provided for up to 60 days from the account opening date. The total subscription cap is USD 30 million, and the event will end early if the cap is reached.

For both special interest rate events, customers who exchange their currency for US dollars and newly open an account at a branch will also receive a 100% preferential exchange rate benefit (based on the telegraphic transfer selling rate at the time of account opening) on the deposit amount.

Bae Soonchang, Head of Deposit Products at SC First Bank, stated, "We have prepared this special interest rate event to meet the needs of customers who wish to manage US dollars as a stable asset and those seeking high time deposit interest rates." He added, "This is a great opportunity to enjoy industry-leading high interest rates and access global wealth management services."