Saemaeul Geumgo Launches 'MG Oneuldo Cheongchun Account'

[Asia Economy Reporter Kim Min-young] Saemaeul Geumgo announced on the 14th the launch of the ‘MG One More Youth Account,’ an exclusive product for the 5060 generation preparing for their ‘second youth.’

This account is a ‘deposit with free withdrawal and deposit interest’ product available only for in-person subscription by individuals aged 50 to under 70 with real-name verification. Only one account per person is allowed at each Saemaeul Geumgo branch.

Benefits are provided when receiving old-age pensions such as the National Pension through this account. It offers a preferential interest rate of 0.1% per annum on ‘retirement funds’ and a ‘main transaction’ preferential interest rate where, if the average monthly balance of the previous month is maintained at 300,000 KRW or more and MG Check Card payments total 300,000 KRW or more, the interest rates are 2.0% per annum on balances under 300,000 KRW, 1.0% per annum on balances between 300,000 KRW and under 1,000,000 KRW, and 0.1% per annum on balances of 1,000,000 KRW or more.

Various fees such as interbank transfer fees and withdrawal fees are also waived.

The preferential and basic interest rates for this product vary by regional Saemaeul Geumgo branches. Detailed conditions for basic and preferential interest rates, as well as information on fee waivers, can be confirmed on the Saemaeul Geumgo website or by contacting the Saemaeul Geumgo branch where you intend to subscribe to this deposit.

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