KB Kookmin Bank Launches 'KB Child Allowance Account'... "Preferential Benefits for Child Allowance Customers"

Preferential interest rates and fee waivers for customers receiving child allowance

KB Kookmin Bank announced on November 6 that it has launched the “KB Child Allowance Account,” which offers preferential interest rates and fee waivers to customers receiving child allowance, in line with the gradual expansion of the age range eligible for child allowance.

The KB Child Allowance Account is a parking account for customers receiving child allowance. It offers a base annual interest rate of 0.1%, with a preferential rate of up to 3.0 percentage points for customers who meet the requirements, bringing the maximum annual rate to 3.1%.

There are three preferential rate benefits: an additional 2.0 percentage points per year under the “Child Allowance Preferential Rate” for customers who receive child allowance through KB Kookmin Bank; 0.6 percentage points per year under the “Welcome Preferential Rate” for customers who have not received child allowance through KB Kookmin Bank in the six months preceding the account opening date; and 0.4 percentage points per year under the “Card Payment Preferential Rate” when payments made with a KB Kookmin Card (credit, debit, KB Kookmin, or BC) are debited from the account. The preferential rates apply to balances of up to 1 million won, and customers can also receive waivers on various financial transaction fees.

To mark the launch, KB Kookmin Bank is holding an event through the end of the year. All customers who open a KB Child Allowance Account and meet the event entry requirements can choose to receive either a 5,000-won Baedal Minjok mobile gift voucher or 5,000 won in Naver Pay points.

Customers can open the account at KB Kookmin Bank branches or through KB Star Banking. They can also convert an existing account into a KB Child Allowance Account.

A KB Kookmin Bank official said, “We will continue to expand our range of products and services as a reliable financial partner for families raising children.”

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