Smart Savings Bank Launches Financial Platform, Offers 3.5% Annual Fixed Deposit

[Asia Economy Reporter Song Seung-seop] Smart Savings Bank is launching a fixed deposit savings product to commemorate the release of its digital financial platform, 'Smart-i'.

On the 18th, Smart Savings Bank announced the 'Smart-i Fixed Deposit Savings' offering a preferential interest rate of 3.5% per annum for new customers. Employees of partner companies receive an interest rate benefit of up to 4.0% per annum. The product has a 12-month maturity period, with a maximum monthly deposit of 100,000 KRW. Interest is paid in a lump sum.

Meanwhile, Smart Savings Bank developed its own platform to provide simple financial services through a non-face-to-face method. The platform's name is a compound word derived from the first letters of Smart Savings Bank, financial information, internet, and financial transaction customers. It signifies expanding the financial service touchpoints to an unspecified large number of customers and providing a convenient and differentiated non-face-to-face platform.

Kim Young-kyu, CEO of Smart Savings Bank, emphasized, “As a financial institution based on microfinance, Smart Savings Bank will faithfully fulfill its fundamental role,” and added, “We will provide a higher level of financial services through the digital financial platform Smart-i.”

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