Welcome Savings Bank Launches Reliable Savings Account with Up to 6% Annual Interest

Up to 3% Point Preferential Interest Rate Based on Credit Score

[Asia Economy Reporter Kim Hyo-jin] Welcome Savings Bank announced on the 9th that it has launched the ‘Wellbang Dundeun Savings’ product, offering an interest rate of up to 6% per annum, through its mobile banking application Welcome Digital Bank and internet banking.

Wellbang Dundeun Savings is a product tailored to the personal credit scoring system that will change and be applied from next year, providing higher preferential interest rates to customers with lower credit scores. The company explained that it will help middle- and low-credit customers to accumulate a lump sum and deliver updated financial knowledge.

The basic interest rate of the product is 2% per annum, with a maximum monthly deposit of 300,000 KRW. The contract period is a single 12-month term. Customers using Welcome Savings Bank for the first time are offered a preferential interest rate of 1 percentage point. The preferential interest rate provided based on the credit score checked at the time of subscription can be up to 3 percentage points. ▲1 percentage point is added for scores between 651 and 850 ▲2 percentage points for scores between 351 and 650 ▲3 percentage points for scores 350 or below. If all preferential interest rates are combined, a fixed interest rate of up to 6% per annum can be received.

This is a non-face-to-face exclusive product available through Welcome Digital Bank and internet banking, and the credit evaluation checked for product subscription does not affect the customer's credit at all.

A representative of Welcome Savings Bank said, “As a primary savings bank that lowers the threshold of banking, we will strive to provide more benefits to customers and contribute to increasing assets such as lump sums.”

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