BNK Gyeongnam Bank Launches 'Gyeongnam Mutual Growth Savings' Product

1-Year Subscription... Annual 1.70% Preferential Interest Rate Applied
Receive 6 Million KRW Youth Support Fund Upon Maturity Termination

BNK Gyeongnam Bank is offering the 'Gyeongnam Mutual Growth Savings' for young workers in Gyeongnam Province.

[Asia Economy Yeongnam Reporting Headquarters Reporter Son Taeseok] BNK Gyeongnam Bank has launched a new financial product this year in line with Gyeongnam Province's policy direction of 'Youth Special Province.'

BNK Gyeongnam Bank announced on the 24th that it is selling the 'Gyeongnam Win-Win Mutual Savings' in partnership with Gyeongnam Province to support the dreams of young workers.

Among young workers whose Youth Tomorrow Savings maturity has arrived, individual customers whose real names have been approved by Gyeongnam Province to the bank can subscribe to the Gyeongnam Win-Win Mutual Savings, which is a one-year, one-account-per-person system.

A young worker currently employed deposits the principal of 16 million KRW from the matured Youth Tomorrow Savings and saves a total of 2 million KRW over one year, and upon maturity cancellation, receives an additional youth support fund of 6 million KRW from Gyeongnam Province.

Also, with a basic interest rate of 1.15% per annum and a preferential interest rate of 0.55%p provided at maturity cancellation, the maximum preferential interest rate can reach up to 1.70% per annum (before tax).

The subscription amount for the Gyeongnam Win-Win Mutual Savings, a flexible installment savings product, is between 1,000 KRW and 2 million KRW per month.

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