Here comes Citibank ‘Very Smart A+’ Savings Account on its way to popularity

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2009-09-09 11:54

Seoul--(뉴스와이어)--Citibank Korea Inc.(CEO Yung-Ku Ha, www.citibank.co.kr)’s ‘Very Smart A+ Savings Account, which was launched on Aug 20, has put CMAs’ popularity into the shade with its highest interest rate of 4.2% p.a. as its strength. The product has reached the balance of KRW 500billion within 15 business days, which is an exceptionally fast increase for a savings account.

This product offers competitive pricing that is as high as that of CMA, while maintaining current features of savings account that allow free debit and credit such as account transfer, utility bill payment, and card payment.

The tiered pricing for ‘Real Smart A+’ is ; ▷annual rate of 0.1%(before tax) for tenor of 1~30 days ▷4.2%(before tax) for tenor of 31+days. The applicable pricing matching to the tenor is applied to daily final balance for each deposit transaction and after tax interest is deposited into customer account on the first business day in the third week of the month .

Also, if the account fulfills the condition of payroll transfer or the previous month’s average balance is 900+M won, varied benefits are offered; ▶CKI ATM / ARS Internet Banking /Mobile banking fee waiver ▶other bank’s ATM fee waiver (withdrawal 8 times/month , transfer 5 times /month) ▶Money exchange/ discount of remittance fee ▶waiver of diverse fees for basic transactions.

The target for this product is individuals with proper personal identification. One account can be opened per person at the branch and the minimum down payment is 10M won (For the case of customers who wishes to use this account for credit card and loan payments , or customers who are younger than 18 or older than 65 years wishes to utilize this product as a new household savings account, they are not subject to minimum down payment criteria.)

Please visit a close branch, Citibank homepage (www.citibank.co.kr) or Citiphone(T. 1588-7000) for product details.

About Citibank Korea Inc.

Citibank had opened its first branch in Korea in 1967, and was born newly as Citibank Korea Inc. (CKI) through integration with KorAm Bank in 2004. CKI serves customers at 231 branches (as of end of June in 2009) in Korea by providing the first class financial products and services based on the various products and now-how of Citi with global network including more than 100 years of history and 200 million customers in more than 100 countries. CKI delivers new financial world to the customers through development of innovative financial products and services, encompassing from corporate and investment banking to consumer banking, private banking, and wealth management. Furthermore, Citibank Korea Inc., as a responsible corporate citizen, conducts diverse community activities in the areas of financial education, next generation education, woman, diversity, community, and environment consistently in corporation with sound non-profit organizations.

웹사이트: http://www.citibank.co.kr