DGB Daegu Bank, IRP Yield Tops Banking Sector for 3 Consecutive Quarters

[Asia Economy Reporter Kim Hyo-jin] DGB Daegu Bank announced on the 12th that its individual retirement pension (IRP) yield for the second quarter of this year recorded 6.24%, securing first place among banks for three consecutive quarters.

A DGB Daegu Bank official said, "This is the result supported by differentiated and diverse product management strategies and the introduction of high-quality systems."

They explained that this includes various investment product lineups such as the 'On-site Retirement Pension Subscriber Education Service' tailored to consumer expectations, global diversification investment and Target Date Fund (TDF) for lifecycle investment, as well as the 'Retirement Pension Fixed Deposit Highest Interest Rate Automatic Management Service' which expands operations to savings bank fixed deposits, and the introduction of the retirement pension fund robo-advisor service (RO.D).

In particular, to enhance actual yields through IRP fee benefits, for non-face-to-face IRP accounts opened via IM Bank or internet banking (after September 1, 2019), fees were applied at a minimum of approximately 0.04% to 0.20%, aiming to improve customers' actual yields.

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