KB Kookmin Bank announced on July 22 that it will increase its major savings and deposit rates.
Starting today, the bank will raise its time deposit rates, with regular savings rates set to increase from July 24 by 0.20 to 0.30 percentage points. As a result, the interest rate for the bank's flagship non-face-to-face time deposit product, 'KB Star Time Deposit,' has been raised from 2.90% to 3.20% for a one-year term.
Additionally, the interest rate for the 'Regular Time Deposit' for a one-year term has increased from 2.25% to 2.50%. The 'KB Golden Life Pension Deposit' has also been adjusted, with the maximum rate rising from 3.20% to 3.40%. The highest rate for the 'KB Clear Sky Savings' for a one-year term will increase from 3.25% to 3.45%.
The 'KB National Happiness Savings,' aimed at supporting asset formation for vulnerable groups, will see its base rate increase by 0.30 percentage points, offering a maximum interest rate of 5.70%. A Kookmin Bank official stated, "We have adjusted the rates of our major savings and deposit products to support our customers' asset formation in response to the rise in the base rate and market interest rates. We will continue to introduce financial products that provide real benefits to our customers."
Starting today, the bank will raise its time deposit rates, with regular savings rates set to increase from July 24 by 0.20 to 0.30 percentage points. As a result, the interest rate for the bank's flagship non-face-to-face time deposit product, 'KB Star Time Deposit,' has been raised from 2.90% to 3.20% for a one-year term.
Additionally, the interest rate for the 'Regular Time Deposit' for a one-year term has increased from 2.25% to 2.50%. The 'KB Golden Life Pension Deposit' has also been adjusted, with the maximum rate rising from 3.20% to 3.40%. The highest rate for the 'KB Clear Sky Savings' for a one-year term will increase from 3.25% to 3.45%.
The 'KB National Happiness Savings,' aimed at supporting asset formation for vulnerable groups, will see its base rate increase by 0.30 percentage points, offering a maximum interest rate of 5.70%. A Kookmin Bank official stated, "We have adjusted the rates of our major savings and deposit products to support our customers' asset formation in response to the rise in the base rate and market interest rates. We will continue to introduce financial products that provide real benefits to our customers."
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.