Citibank Korea Launches “Time Deposit favorable to Main Bank Customers”

- Max 4.4% p.a. applied to 3Yr TD, including the preferential rate

- Less disadvantages from early termination

News provided by
Citibank Korea Inc.
Dec. 18, 2011 10:00
SEOUL--(Korea Newswire)--Citibank Korea, Inc. (CEO Ha Yung Ku, www.citibank.co.kr) launched a “Time Deposit favorable to Main Bank Customers”. The new product offers preferential interest rate to customers who are main bank customers to Citibank. Also customers subscribed to the product are able to withdraw the accrual interest at any time within the term of contract.

Max 0.2%p.a. (pre-tax) of preferential interest rate can be added when two conditions are satisfied. The conditions are as follows; 1. Credit card and check card spending – use total amount of 3Million KRW or 300,000KRW per month. 2. Among ‘using Citibank CASA as salary account’, ‘using e-banking’ or ‘maintaining certain amount in Citibank CASA’, if more than two options are qualified.

In addition to preferential interest rate, customers are able to make a withdrawal of the accrual interest at any time. Plus, early termination of the product differs depending on the deposit period, which means less disadvantages for the customers. Last of all, automatic transfer to the subscriber’s CASA account is possible when agree to do so.

Minimum subscription amount is 1 million Won, and the account can be opened at Citibank Korea Inc. Branches.

Website: http://www.citibank.co.kr

Contact

Shin, Hyeon Jeong
Communication Dept.
Citibank Korea Inc.
+82-2-3455-2330