Far Eastern Bank’s Bankee Launches 2.435% Flexible Savings Plan

Bankee, the digital community-banking platform operated by Far Eastern International Bank, has introduced a “Flexible Savings” plan combining a one-year time deposit with a higher-yield demand-deposit allowance. The structure targets customers seeking more predictable returns without locking up all their cash, as Taiwanese banks compete for digitally active depositors with promotional savings rates and app-based products.

Customers who open a one-year time deposit through the Bankee app receive a demand-deposit allowance equal to 50% of the time-deposit amount, earning an annual rate of 2.435%. The arrangement leaves part of their funds accessible for routine liquidity needs while the time deposit provides a stable return. Far Eastern International Bank did not specify an application deadline in the information provided.