Hana Bank Launches 'Always Youth Time Deposit'... Free Voice Phishing Insurance Service

[Asia Economy Reporter Kim Min-young] Hana Bank announced on the 10th that it has launched a senior-exclusive product called 'Always Youth Time Deposit,' which offers a free voice phishing prevention insurance service.

This product is available only to individuals aged 60 or older, with one account per person, and a minimum deposit of 1 million KRW up to a maximum of 50 million KRW. The subscription period is one year. The maximum interest rate is 1.1% per annum, consisting of a base rate of 0.9% plus a preferential rate of 0.2% for transferring public pensions to Hana Bank. In particular, through the insurance service provided free of charge upon application, customers can receive compensation up to 10 million KRW each for financial losses caused by voice phishing or messenger phishing, and up to 50 million KRW for accidental death on public transportation.

Subscriptions can be made at nearby branches or through online channels. The product allows automatic renewal upon maturity (up to 2 times) and early withdrawal (up to 2 times), enabling flexible fund management.

An event is also being held. The first 500 customers who subscribe with 10 million KRW or more will receive a trot coloring book set, and the first 100 customers who receive their public pension for the first time through Hana Bank after subscribing will be given a wireless neck and shoulder massager as a gift.

A representative from Hana Bank's Retail Products Department stated, “In response to the aging society, we will continue to make our best efforts to satisfy customers by providing not only exclusive products tailored to senior customers' needs but also diverse and systematic services.”

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