Woori Bank Launches 'Woori Pay Savings' with Up to 6.0% Annual Interest Rate

Maximum interest rate 6.0% per annum, Woori Bank? Preferential interest rates based on Woori Pay usage performance provided

[Asia Economy Reporter Jin-ho Kim] Woori Bank announced on the 24th that it has launched the ‘Woori Pay Savings Account,’ which offers a high interest rate of up to 6.0% per annum based on transaction performance and usage of the Woori Pay account payment service.

The subscription period for the Woori Pay Savings Account is one year, with a monthly deposit limit of up to 200,000 KRW. The interest rate consists of a base rate of 1.0% per annum, a preferential rate of up to 1.0% per annum, and a special preferential rate of up to 4.0% per annum, totaling a maximum of 6.0% per annum.

The preferential rate of up to 1.0% per annum is provided when the payment account for the Woori Pay service and salary transfer use Woori Bank accounts combined. The special preferential rate of up to 4.0% per annum is offered based on the usage performance of the Woori Pay account payment service.

Woori Pay is a mobile simple payment service that allows users to register credit cards, debit cards, or bank accounts on the Woori One Card application (app) and make payments at major online and offline affiliated stores nationwide.

A Woori Bank official stated, “Amid continuously declining market interest rates, we have launched a high-interest product through collaboration among subsidiaries within the group,” adding, “We plan to continue launching products and services that provide many benefits to customers.”

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