Gwangju Bank Launches 'Horatchacha Digital Deposit' to Welcome the Year of the Black Tiger

[Asia Economy Honam Reporting Headquarters Reporter Park Jin-hyung] Gwangju Bank announced the launch of the smart banking exclusive "Horatchacha Digital Deposit" to welcome the Year of the Black Tiger 2022.

The newly launched "Horakhorak (虎樂) Savings" received great response from local residents and customers, and the "Horatchacha Digital Deposit," released as part of the Year of the Tiger series, is a non-face-to-face exclusive product that can be easily subscribed through smart banking without visiting the bank.

The "Horatchacha Digital Deposit" can be subscribed for 12 or 13 months, with a minimum of 1 million KRW and a maximum of 50 million KRW. It is planned to be sold with a limit of 100 billion KRW, and sales will end once the limit is reached.

The basic interest rate is 1.75% per annum for 12 months and 1.90% per annum for 13 months. With a preferential interest rate of 0.35%p applied, the maximum interest rate is 2.10% per annum for 12 months and 2.25% per annum for 13 months.

The preferential interest rate of 0.35%p is applied to customers who are first-time clients of Gwangju Bank or who have no accounts or transactions such as installment savings, fixed deposits, beneficiary certificates, trusts, ISA, bancassurance, or loans as of the end of the month two months prior to the subscription date of this deposit.

Kim Hoon, Head of the Digital Strategy Department, said, "In the new year, we will do our best to introduce various financial products and services that reflect the financial needs according to lifestyles as a financial partner for local residents and customers."

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