Special Interest Rate for 'SC First Hi Account'
Basic Rate 0.1% + Preferential Rate 2.5%P Until September
Flat 2%P Preferential Rate for All New Customers Until Year-End
SC First Bank announced that it will hold a special interest rate event for the 'SC First Hi Account', a free withdrawal and deposit account that offers up to 2.6% interest when preferential rate conditions are met, until the end of September.
This account is a demand deposit product that carries a double meaning: it greets first-time customers with a 'Hi' and offers a 'High' interest rate. The main feature of this special interest rate event is that, in addition to the basic interest rate of 0.1%, customers can receive up to an additional 2.5 percentage points in preferential rates.
The detailed preferential rate conditions are as follows: for first-time customers of SC First Bank (customers who open an account within 31 days of their initial registration), a preferential rate of 1.2% to 2.0% points is applied depending on the daily balance range in the Hi Account; 0.1 percentage point is added when opening an account through a partner channel; 0.2 percentage point is added when agreeing to marketing; and 0.2 percentage point is added for customers with Priority status or higher at SC First Bank. The preferential rate for first-time customers based on account balance is applied for one year from the date of joining, but can be extended in one-year increments if certain requirements are met.
SC First Bank will run an event until the end of this year, during which all first-time customers will receive a special interest rate of 2.0 percentage points regardless of their daily balance, under the 'preferential rate by account balance for first-time customers' condition. From January 1 next year, after the special interest rate period ends, the preferential rate for first-time customers will be tiered according to the daily final balance: 1.2 percentage points for less than 100 million won, 1.6 percentage points for 100 million to 300 million won, and 2.0 percentage points for more than 300 million won.
The Hi Account also offers various fee waivers, including internet and mobile banking transfer fees, out-of-hours ATM withdrawal fees at the bank, up to 10 interbank ATM transfer fees per month at the bank's ATMs, interbank ATM withdrawal fees (including after-hours and holidays), and interbank automatic transfer fees.
Jung Jaewon, Head of Secured Loans and Deposit Products at SC First Bank, said, "The Hi Account offers not only free withdrawal and deposit but also industry-leading interest rate benefits and various fee waivers," adding, "For customers looking for a parking account to deposit surplus funds, this special interest rate event will provide even greater benefits."
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