OK Savings Bank Launches Savings Plan to Turn Small Amounts into 1 Million Won... Up to 3.6% Annual Interest
[Asia Economy Reporter Song Seung-seop] OK Savings Bank announced on the 15th that it has launched a savings product that allows customers to accumulate a lump sum of 1,000,000 won with small monthly deposits.
The "Making 1,000,000 Won" savings product requires monthly payments of 82,000 won for 12 months, resulting in a post-tax amount of 1,000,000 won. The base interest rate is 2.6% per annum, but if customers set up six automatic transfers from their deposit and withdrawal account, they receive a preferential interest rate bonus of 1 percentage point.
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OK Savings Bank plans to continuously release the "Making 000 Won Savings" series throughout the year to minimize the hassle of searching for target amounts, interest rates, or terms.
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