[Sponsored Report] SC Korea offering ISA subscription incentives

Standard Chartered Bank Korea launched an ISA subscription event offering customers free gifts and FD interest rate benefits. The event runs through May 31.[SC KOREA]

Standard Chartered Bank Korea (SC Korea) is hosting an individual savings account (ISA) subscription event that offers customers free gifts and higher fixed deposit (FD) interest rates.

As part of the event, customers will also be entered into a monthly prize draw to win reward points that can be used as cash.

During the event, all customers who open ISAs at the bank are eligible to receive a card holder necklace. Those with an initial deposit of 3 million won ($2,519) or more will receive a set of foaming hand soaps, while those who start with 20 million won or more will be given portable external cell phone batteries.

Furthermore, customers who join SC Korea in 2016 can enjoy a 2 percent increase in fixed deposit interest rates should they invest in a separate 12-month FD after opening an ISA. However, the rates are only applicable up to the value of the customer’s initial ISA deposit and are available on a first-come, first-served basis.

Each month, 10 customers will also receive reward points worth 6 percent of their initial FD investments through a prize draw. The lucky winners will enjoy combined interest rate benefits worth 8 percent of their initial investment. The points can be used as cash for transaction fees, interest on loans and advance credit card payments at SC Korea. Alternatively, they can be redeemed for gift cards and vouchers that can be used at “360° Reward Mall,” the bank’s online shopping site.

Customers who open a fixed deposit account can check the results of the monthly drawing online on the 15th of the following month. The reward points will be provided as lump-sum payments after the deposits reach maturity.

For more information on the ISA subscription event, visit the SC Korea website at www.sc.co.kr.

BY PARK HYE-MI [park.hyemi@joongang.co.kr]