KB Kookmin Bank is launching an additional group-buy time deposit product offering interest rates of up to 3 percent per annum depending on total sales volume.
The bank announced Wednesday the launch of its "2025-2nd Group-Buy Time Deposit," following strong customer response to the first round that closed on January 5. The new product is available for subscription until January 19.
The product offers the same terms as the previous round. Customers can choose from three-month, six-month, or 12-month terms, with subscriptions available through KB Kookmin Bank branches, the KB Star Banking app, or the customer service center. The total subscription limit is set at 3 trillion won, and sales will end early if the limit is reached.
The minimum deposit is 1 million won, with interest rates varying based on final sales volume and eligibility for promotional rates. For one-year terms, the base rate is 2.75 percent per annum if total sales reach 100 billion won or less, rising to 2.85 percent if sales exceed 100 billion won. Customers who meet certain conditions, including having no new time deposit accounts (including renewals) since November 1, 2024, can receive an additional 0.15 percentage point promotional rate, bringing the maximum rate to 3.0 percent per annum.
Detailed product information is available on the KB Kookmin Bank website or the KB Star Banking app.
"The group-buy time deposit, which offers tiered interest rates based on sales volume, continues to attract customer interest as it allows them to secure competitive rates," a KB Kookmin Bank official said. "We will continue to introduce various products that reflect market conditions and customer demand."
