'Up to 5.7% Annual Interest' Woori Bank Launches 'Woori Magic Savings by Hyundai Card' Fixed Deposit

Preferential Interest Rates Offered Based on Transaction Performance with Woori Bank and Hyundai Card

[Asia Economy Reporter Kim Hyo-jin] Woori Bank announced on the 8th that it will launch a fixed-term savings product called ‘Woori Magic Savings by Hyundai Card,’ which offers a high interest rate of up to 5.7% per annum based on automatic transfer transaction performance and Hyundai Card usage performance.

The subscription period for this savings product is one year, with a maximum monthly deposit limit of 500,000 KRW. The interest rate is composed of a basic rate of 1.7% per annum, a preferential rate of up to 0.5% per annum, and a special preferential rate of up to 3.5% per annum, totaling a maximum of 5.7% per annum.

The preferential rate of 0.5% per annum is provided to customers who are first-time clients of Woori Bank or who meet the conditions of receiving salary (or pension) through the account. The special preferential rate of up to 3.5% per annum is granted when Hyundai Card usage and automatic transfer conditions are met.

A Woori Bank official stated, “Amid the continuous decline in market interest rates, we have launched a high-interest product through partnerships with other financial companies,” adding, “We plan to continue releasing customer-centered products and services in the future.”

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