Hana Bank Launches ‘Hana Savings Bank Fixed Installment Savings’ Dedicated to Principal and Interest Guaranteed Retirement Pension

[Asia Economy Reporter Minyoung Kim] Hana Bank announced on the 16th that it has launched the ‘Hana Savings Bank Fixed Installment Savings,’ a principal-guaranteed retirement pension exclusive product for individual retirement pension (IRP) customers.

This product is the first fixed installment savings product exclusively for retirement pensions in the financial sector, prepared in collaboration with Hana Savings Bank.

Unlike existing principal-guaranteed retirement pension products where the maturity and applied interest rate vary with each deposit, this product features a fixed maturity and interest rate that remain the same for every deposit made.

This product is available for subscription only at Hana Bank branches for new customers and additional deposit customers, with a single deposit amount ranging from a minimum of 1,000 KRW to a maximum of 500,000 KRW. The subscription period is one year, and the planned interest rate for this month is 2.5% per annum (pre-tax yield). Sales will be suspended early once the limit is reached.

A Hana Bank official stated, “With the launch of this product, the inconvenience caused by differing maturities and interest rates for each deposit, which made asset management difficult, has been resolved,” and added, “We will continue efforts to expand customers’ product choices and provide greater satisfaction and joy.”

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