Do not go gentle into that good night, old age should burn and rave at close of day; Rage, rage against the dying of the light, though wise men at their end know dark is right, because their words had forked no lightning they, do not go gentle into that good night.
SC Bank's checking accounts gaining popularity
A model holds a banner promoting the SC Cheil My Zoom and My Run checking accounts at a SC Bank Korea's head branch in central Seoul, Monday. / Courtesy of SC Bank Korea
By Jhoo Dong-chan
By Jhoo Dong-chan
Standard Chartered (SC) Bank Korea is in the limelight for two new checking accounts that it says are most suitable for customers' needs under the current economic slowdown.
The two accounts ― SC Cheil My Zoom and My Run ― offer at least a 1 percent annual interest rate even if a customer deposits money for a short time.
It also said the bank will present various gifts to customers newly opening one of the two accounts until June 28.
Five hundred customers who deposit more than 100 million won ($83,822) will be given a 50,000 won Shinsegae Department Store mobile gift card.
Separate from the event, SC Bank Korea is also presenting Starbucks Americano coffee coupons to 300 new customers who deposit more than 30 million won to open the SC Cheil My Zoom or My Run accounts via its Self Bank mobile app.
Of them, 30 customers will also be given an air purifier through a raffle. The lottery will be carried out in mid-August, and gifts will be immediately delivered to customers shortly after the winners are selected.
The two events are for customers who meet the required checking account balance by the end of July. Those who fail to meet these minimum requirements are excluded.
The SC Cheil My Zoom account has drawn attention for providing at least a 1.5 percent annual interest rate as long as a customer maintains the minimum required balance even for a short period of time.
The My Run checking account provides a higher interest rate for customers who keep their money in the bank for longer periods of time. It offers up to a 1.8 percent annual interest rate for customers who deposit their money for 180 days. The My Run account will be offered until May 31.