High-Interest 'Woori Pay Savings' with Up to 6.0% Annual Rate

[Asia Economy Reporter Kwangho Lee] Woori Bank is offering the ‘Woori Pay Savings Account,’ which provides a high interest rate of up to 6.0% per annum based on transaction performance and usage of the Woori Pay account payment service.

According to Woori Bank on the 17th, 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 basic 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 using Woori Pay service payment accounts and salary transfers through Woori Bank accounts combined.

The special preferential rate of up to 4.0% per annum is provided 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, "We launched a high-interest product through collaboration among subsidiaries within the group," adding, "We plan to continuously release products and services that provide many benefits to customers in the future."

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