Gwangju Bank Launches Special Savings Account 'Jeonnam Youth Future Savings'

[Asia Economy Honam Reporting Headquarters Reporter Park Jin-hyung] Gwangju Bank announced on the 13th that it has launched the ‘Jeonnam Youth Future Savings’ as a special limited sale of 10,000 accounts to commemorate the release of the Jeonnam Youth Culture Welfare Card ‘1st-Y Jeonnam Youth Culture Welfare Card.’

The ‘Jeonnam Youth Future Savings’ is available for a one-year term only to customers who have issued the ‘1st-Y Jeonnam Youth Culture Welfare Card,’ and can be subscribed to with flexible monthly deposits ranging from 10,000 KRW to a maximum of 200,000 KRW.

It offers a basic interest rate of 3.0% per annum plus a preferential interest rate of up to 2.0%p, allowing for a maximum annual interest rate of 5.0%.

By agreeing to the collection, use, and provision of personal information for product service guidance, customers can receive an additional 0.5%p per annum; using Gwangju Bank credit (check) cards for over 1,000,000 KRW during the savings period grants an additional 1.0%p per annum; and withdrawing at maturity with a principal of 2,000,000 KRW or more grants an additional 0.5%p preferential interest rate.

Song Jong-wook, President of Gwangju Bank, said, “We hope this will help improve the quality of life for youth and address the vulnerable population structure in Jeonnam. We will continue to do our best to develop customized products and provide financial services for youth customers.”

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