Busan Bank launches special sale of customizable 'BNK My Way' deposit product

BNK Busan Bank announced Monday it will hold a special sale of its "BNK My Way" deposit product through Aug. 31, offering a top annual interest rate of 3.4 percent.

The special sale will run up to a total limit of 1 trillion won ($648 million). Customers can choose a term of 12, 18 or 24 months. Both individuals and corporations are eligible, with deposit amounts ranging from a minimum of 1 million won to a maximum of 500 million won. The 24-month option carries a separate cap of 100 billion won.

The "BNK My Way" deposit is a customizable time deposit that lets customers select their own deposit amount, term and preferential conditions. Customers can also choose three of five available preferential conditions, allowing them to tailor interest rate benefits to their own financial transaction patterns.

Top annual interest rates by term are 3.30 percent for 12 months, 3.35 percent for 18 months and 3.40 percent for 24 months. The product is available at all Busan Bank branches as well as through internet banking, mobile banking and digital desk channels.

"We designed this special sale to offer customers competitive interest rates and broad freedom of choice," a Busan Bank official said. "The biggest advantage is that customers can select their own enrollment conditions and preferential items."