Surge in Financial Products Linked to Health Management: Walking, Diet, Sleep, and More

[Asia Economy Reporter Kwangho Lee] Financial institutions are launching financial products linked to health management. They offer preferential interest rates based on the number of steps taken, as well as benefits for diet and sleep management.

According to the financial sector on the 13th, Hana Bank's 'Challenge 365 Savings' is a unique savings product based on customers' activity levels. After signing up, it links with the Hana Members application (app) and applies a preferential interest rate of 1.50% per year based on the number of steps taken.

For example, if the number of steps is between 2 million and less than 3 million, a preferential interest rate of 0.7% per year is applied; between 3 million and less than 3.5 million steps, 1.1% per year; and 3.5 million steps or more, 1.5% per year.

Adding various preferential interest rates, customers can receive up to 2% per year. However, the monthly deposit limit is 200,000 KRW.

Shinhan Bank includes not only walking but also diet and sleep health habits as conditions for preferential interest rates.

This product offers a 0.1% preferential interest rate per year if the customer walks more than 100,000 steps, records breakfast, lunch, and dinner diets for more than 10 days, or records sleep patterns for more than 10 days.

In particular, deposits can be made up to 1,000,000 KRW per month. The maximum interest rate is 1.5%.

There is also a savings product for consumers who set smoking cessation goals.

Busan Bank's 'Cigarette Price Savings' is a product targeted at consumers who have set smoking cessation goals.

When making deposits, if the customer selects a cigarette brand, they can deposit an amount equivalent to the cigarette price into the savings account. Selecting one pack allows up to 10,000 KRW per day, and selecting two packs allows up to 20,000 KRW (300,000 KRW per month) to be saved.

Combining various preferential interest rates, customers can receive up to 3.0% interest per year.

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