DB Savings Bank Launches Free Installment Savings Account with 4% Annual Interest Rate
On the 19th, DB Savings Bank announced the launch of the 'M-Dream Big Free Installment Savings' offering an annual interest rate of 4%.
[Photo by DB Savings Bank]
[Asia Economy Reporter Song Seungseop] DB Savings Bank announced on the 19th that it will launch the ‘M-Dream Big Freedom Savings’ offering an annual interest rate of 4%.
This savings product is a mobile banking product that allows flexible deposits of up to 500,000 KRW per quarter (2,000,000 KRW annually). The maturity period is one year, with an interest rate of up to 4%.
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The concurrently launched 'M-Dream Big Regular Deposit' offers an interest rate benefit of 2% on up to 1,000,000 KRW. For amounts exceeding 1,000,000 KRW up to 1 billion KRW, the rate decreases to 1%. Transfer fees are free.
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