KEB offering higher rates for deposits for one month

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KEB offering higher rates for deposits for one month

Korea Exchange Bank said yesterday it is offering a “F/C Joint Purchase Time Deposit” from July 10 to Aug. 10.

The bank said preferential interest rates will be granted when customers open an account in any of 13 foreign currencies, including the U.S. dollar, euro, yen and British pound.

For example, a 0.05 percent rate is offered for accounts below $5 million, but this grows to 0.1 percent for those that exceed that figure.

For those who open their account online, an additional rate of 0.1 percent is added.

The bank said the first 100 customers to deposit at least $5,000 will receive Baskin Robbins gift vouchers worth 10,000 won.

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