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SC First Bank launches Korean Air mileage deposit offering up to 3.65 percent

SC First Bank has launched a time deposit product that pays after-tax interest at maturity in Korean Air mileage. The bank said it partnered with Korean Air to offer the product and will run a launch event through Oct. 31. Customers can choose 6- or 12-month terms, with base rates of 3.15 percent and 3.55 percent. Preferential rates can lift returns to 3.25 percent and 3.65 percent, depending on deposit size and customer status.