Jeonbuk Bank Launches August-Only Special Fixed Deposit... Maximum Annual Rate at 3.80%

Available Until August 31... May End Early if Limit is Reached

Jeonbuk Bank is attracting the attention of customers seeking stable interest income by introducing a special fixed deposit available until the end of this month. JB Financial Group’s Jeonbuk Bank announced on August 11 that it will be offering the “The Dream Special Fixed Deposit,” a limited-time product for August, through August 31.

This product is a time deposit available to individuals, sole proprietors, and corporations. According to the deposit term, the interest rates are as follows: 3.70% per annum base rate up to a maximum of 3.80% per annum for a 9-month maturity, and 3.65% per annum base rate up to a maximum of 3.75% per annum for a 12-month maturity.

Customers who consent to the use of their information for marketing purposes can receive a preferential interest rate of an additional 0.1 percentage point. As a result, the 9-month product offers up to 3.80% per annum, and the 12-month product offers up to 3.75% per annum.

The minimum subscription amount is KRW 1 million per account, and each customer can subscribe for up to KRW 5 billion. The total sales limit for this product is KRW 150 billion, and if the limit is reached, sales may close earlier than the scheduled period.

This special fixed deposit appears to target the recent demand for relatively stable financial products, such as deposits and savings accounts. In particular, the 9-month maturity product stands out for offering up to 3.80% annual interest within a period of less than one year.

A representative from Jeonbuk Bank stated, “We developed this product to provide interest rate benefits while taking into account customers’ interest in stable asset management,” adding, “We will continue to introduce diverse products that meet the financial needs of our customers going forward.”

This content was produced with the assistance of AI translation services.