Woori Bank Launches 'Woori First Transaction Preferential Time Deposit'... Up to 2.5% Annual Interest

[Asia Economy Reporter Song Seung-seop] Woori Bank will launch the ‘Woori First Transaction Preferential Time Deposit’ offering up to 2.5% interest rate starting on the 1st.

This product is a deposit product that offers the highest interest rates among commercial banks to new Woori Bank customers and customers who only hold deposit and withdrawal accounts. Customers can subscribe up to a maximum of 10 million KRW. The subscription period can be freely chosen from 6 to 36 months. It is a non-face-to-face exclusive product available for one account per person through Woori WON Banking.

The basic interest rate is 1.0% per annum for 6 months to less than 1 year, and 1.50% per annum for 1 year to 3 years. The preferential interest rate provides a 1.0% point bonus for customers who did not hold a Woori Bank account as of the end of the previous year. Additionally, customers who did not hold Woori Bank savings or installment savings products (excluding deposit and withdrawal accounts) in the past year receive a 0.4% point bonus, and a 0.4% point bonus is given when opening a new account by withdrawing from their own account at another bank via open banking. Up to 1% point can be received in total.

A Woori Bank official explained, “Recently, as customers looking for high-interest deposit products have increased during the period of rising interest rates, we launched this product.”

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