Gwangju Bank Savings Products Popular... Up to 3.8% Annual Interest Rate

[Asia Economy Reporter Kim Min-young] Gwangju Bank's savings products are gaining great popularity.

According to Gwangju Bank on the 24th, the '2020 Haetteuji Savings' launched to welcome the new year recently surpassed 10,000 accounts. The bank analyzed that offering additional preferential interest rates to customers using the open banking service, and providing double the preferential interest rate to customers born in the 'Year of the Rat' according to their resident registration, were key factors in its success.

This savings product offers up to an annual interest rate of 3.8% when customers share recommendation codes with acquaintances.

Also, the 'Happy Life Travel Sketch Savings,' launched under the concept of 'the meeting of finance and travel,' surpassed 119,000 accounts and a contract amount of 765 billion KRW as of the 23rd. Since its first introduction in July 2015, each series, including the renewed 'Happy Life Travel Sketch Savings III' released last July, has received positive responses from customers.

This savings product offers up to an annual interest rate of 2.1% when customers meet preferential conditions such as basic interest rate, Gwangju Card usage performance, average demand deposit balance, foreign exchange performance, and non-face-to-face new subscriptions.

Additionally, services include a 3% cashback on payment amounts when using travel products from designated Hana Tour agencies, an additional 0.5% cashback on the travel product amount paid with Gwangju Card and overseas usage at the time of deposit maturity, up to 70% preferential exchange rates when exchanging major currencies during the subscription period, interest-free installment plans for up to 3 months on overseas usage with Gwangju Card, and a 50% discount on installment fees for up to 12 months.

This content was produced with the assistance of AI translation services.