# K-Bank's Flexible Interest Deposit Hits 1.1 Trillion Won in One Month New deposit product allows customers to choose interest timing and manage funds flexibly. - **Source:** [Maeil Business](https://www.mk.co.kr) - **Published:** 2026-11-06 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/f0969efe-8575-4190-aaf6-f79e98cbee18 ## Rapid Product Adoption K-Bank reported that its new 'My Choice Interest Deposit' reached 1.1 trillion won in new deposits within just one month of its launch. The product was introduced on September 29 and surpassed this significant milestone by the end of October, highlighting strong consumer interest in customizable banking solutions in South Korea. ## Customizable Interest Timing The core feature of this deposit is the ability for customers to choose when they receive their interest payments. Users can opt to receive interest immediately upon signing up, which provides liquidity for living expenses or investments, or they can choose to receive the total interest amount at the maturity date. ## Enhanced Financial Flexibility Unlike traditional fixed deposits, this product allows for additional deposits and partial withdrawals throughout the term. Customers can perform up to two additional deposits and two partial withdrawals before the maturity date. This mechanism significantly increases the flexibility of fund management for users who need access to their capital before maturity. ## Specific Withdrawal Mechanics Partial withdrawals are subject to specific conditions to maintain the account's integrity. Users must retain a minimum balance, and any amount withdrawn before the maturity date is subject to an early termination interest rate. This structure balances the need for liquidity with the bank's requirement to maintain stable deposit terms for customers. ## Tax Payment Options Customers receiving interest immediately can choose between two tax payment methods. They can receive the gross interest upfront and pay taxes from the principal at maturity, or receive the net interest after taxes are deducted immediately. Both methods ensure that the final total amount received by the customer remains exactly the same. ## Interest Rate Adjustments K-Bank recently increased interest rates for several short-term maturity periods by 0.10 percentage points. The 1-month rate rose to 3.10%, the 3-month rate to 3.55%, and the 6-month rate to 3.65%. These adjustments reflect the bank's strategy to remain competitive while offering stable returns to depositors seeking short-term financial vehicles. ## Additional Customer Protections The product requires a minimum initial deposit of 1 million won with no upper limit on total deposits. Furthermore, K-Bank includes a 'Rate Guarantee Service' which ensures that if interest rates rise within 14 days of account opening, the customer automatically receives the benefit of the higher, newly adjusted interest rate. ## Strategic Market Positioning The success of this product demonstrates a clear market shift toward banking services that prioritize user control and operational convenience. By combining competitive interest rates with high liquidity, K-Bank is effectively capturing customers who seek both stability and the ability to manage their personal finances dynamically in a changing economic environment. ## Sources covering this story - https://www.mk.co.kr/news/economy/12200287 — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._