KB Kookmin Bank announced on October 29 that it has launched the 'KB My Own Installment Savings,' which allows customers to directly choose the conditions required to receive preferential interest rates.
'KB My Own Installment Savings' is a flexible installment savings product that offers preferential interest rates based on transaction conditions. Customers can combine one of three 'Package Preferential Rates' with two out of four 'Selectable Preferential Rates,' allowing them to choose the most advantageous conditions for themselves.
The base interest rate is 2.0% per annum (for a 12-month term), and depending on the transaction conditions, up to an additional 2.0 percentage points in preferential rates can be applied, for a maximum annual interest rate of 4.0% (for a 12-month term, before tax). The subscription period ranges from a minimum of 3 months to a maximum of 12 months, and any individual customer can sign up regardless of age.
For the 'Package Preferential Rates,' customers can choose one of the following: the 'Welcome Package' for first-time customers, the 'Employee Package' for those who transfer their salary, or the 'Main Transaction Package' for primary banking customers. By selecting one, customers can receive up to an additional 1.0 percentage point per annum in preferential interest.
For the 'Selectable Preferential Rates,' customers can choose two out of the following four: automatic payment, salary transfer, KB Card, or MyData. If the preferential conditions are met, each selection provides an additional 0.5 percentage point per annum, for a total of up to 1.0 percentage point per annum in preferential interest.
For more details about the product, please visit the KB Kookmin Bank website or the KB Star Banking app.
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