Sangsangin Savings Bank Launches 'Parking Account' with 1.6% Interest for One-Day Deposits

[Asia Economy Reporter Song Seung-seop] SangSangIn Savings Bank announced on the 29th that it will launch the ‘BangBangBang Parking Account 369 Fixed Deposit’ product, which offers an interest rate of 1.6% (before tax) even if deposited for just one day.

This ‘BangBangBang Parking Account 369 Fixed Deposit’ is an app-exclusive product available through the BangBangBang application and will be officially launched in February. It is the next-generation product of the existing ‘Early Withdrawal No Problem 369 Fixed Deposit’ and is a compound interest product that applies the agreed interest rate according to the deposit period even in case of early withdrawal.

The base interest rate is 1.6%, and depending on the deposit period, an agreed interest rate of 1.7% per annum for 3 months or more, 1.8% per annum for 6 months or more, and 1.9% per annum for 9 months or more is applied. Individuals can subscribe starting from 100,000 KRW.

Lee In-seop, CEO of SangSangIn Savings Bank, said, “This parking account is an attractive product that applies a 1.6% interest rate even if deposited for just one day,” and added, “We will continue to introduce competitive products and services that satisfy our customers.”

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