BNK Busan Bank announced on the 26th that it will conduct a special sale of the "BNK Value Growth Time Deposit" to promote productive finance and support mutually beneficial growth in the local community.
This special sale is for a time deposit product designed to grow together with the region through productive finance, and will be sold up to a total limit of 500 billion won until the end of August.
The subscription period for the "BNK Value Growth Time Deposit" is 12 months, and an annual interest rate of 2.60% is applied by adding a 0.40 percentage point value-growth participation preferential rate to the base rate of 2.20%. There are no restrictions on eligibility, and the subscription amount can range from a minimum of 10 million won to a maximum of 1 billion won.
This product can be subscribed to at branch counters, and the bank plans to expand the sales channels to mobile banking and internet banking in the future.
In particular, the bank plans to make a special contribution of 1 billion won, equivalent to 0.2% of the sales limit, to a guarantee institution to support the expansion of productive finance supply to local companies in a total amount of 100 billion won.
Kim Youngjun, Head of Corporate Banking Group at Busan Bank, said, "The BNK Value Growth Time Deposit is a product that embodies the meaning of growing together with the region through deposit subscriptions," adding, "We will continue to expand financial products that enable local citizens and companies to grow together."
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