"Refunds for IPO Subscription Deposits, Entrust Them to OK Savings Bank"

OK e-Daebak Account Refund Deposit and Open Banking Registration Offer Interest Rate Up to 1.5% per Year

[Asia Economy Reporter Song Seung-seop] OK Savings Bank announced on the 12th that it recommends the "OK e-Daebak Account," a demand deposit account useful for managing short-term funds such as "refunds from public offering subscription" that have not yet been allocated for investment.

This product is a demand deposit account that offers a high interest rate even if deposited for just one day. It can be operated without restrictions on subscription amount or payment method. The company explained that it provides interest rates comparable to fixed deposits but allows free deposits and withdrawals as needed, making it convenient for managing short-term funds such as refunds from public offering subscriptions.

According to OK Savings Bank, since the public offering subscription boom began in June last year until the end of last month, demand deposits have increased by approximately 350 billion KRW.

A company official stated, "This month as well, with public offering subscriptions becoming active mainly for large-cap stocks, investors' interest in fund management continues to rise," adding, "If refunds from public offering subscriptions are managed through the OK e-Daebak Account, investors can enjoy higher interest rate benefits while freely investing the corresponding short-term funds."

In particular, customers participating in the "Open Banking Registration Event," which has been ongoing since last month, can receive a preferential interest rate of 0.1 percentage points (p) on top of the basic interest rate of 1.4% per annum (before tax) for the OK e-Daebak Account, receiving up to 1.5% per annum (before tax) in interest benefits. The preferential interest rate applies to all OK Savings Bank demand deposit products except for corporate products and some products where conditional preferential rates are already applied. Eligible customers are those who have registered the account with other financial institutions' open banking services, such as banks and securities firms, among customers who already hold or newly subscribe to the bank's demand deposit accounts. The application period is from the day after the account is registered with another company's open banking service until the day the registration is canceled.

This product can be opened non-face-to-face through OK Savings Bank's mobile banking.

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