Toss Bank Launches First Regular Savings Account 'Kiwoobwayo Jeokgeum'... Up to 3% Annual Interest

[Asia Economy Reporter Buaeri] Toss Bank announced on the 14th that it will launch the 'Kiwoobwayo Savings' with an annual interest rate of up to 3%. This is the first fixed-term installment savings product since the launch of Toss Bank.

This product is a freely accumulating fixed-term savings with a 6-month maturity. The subscription amount and weekly transfer payment limit range from a minimum of 1,000 KRW to a maximum of 200,000 KRW.

The monthly payment limit is up to 1,000,000 KRW, and within this limit, additional savings can be freely made, allowing a maximum deposit of up to 6,000,000 KRW during the subscription period.

When subscribing to 'Kiwoobwayo Savings,' an animal egg is given, and the next day the egg hatches to reveal the animal. The animals are randomly given from four types: ghost, turtle, octopus, and foal. Over six months, with weekly automatic transfers, the animal grows through ten stages and evolves into a 'legendary animal' at final maturity. Upon maturity and withdrawal, customers can receive the benefit of a 3% annual interest rate.

Up to six emergency withdrawals are allowed during the subscription period. However, a minimum balance of 10,000 KRW must be maintained for this. Even if the account is terminated early, a 1% annual interest rate is provided.

A Toss Bank official said, "We applied the concept of raising cute animals along with money to the savings product to transform the experience of patiently building a lump sum over a long time into a more enjoyable financial experience." He added, "We will take the lead in realizing customer-centered finance so that customers can enjoy financial services more easily and pleasantly in their daily lives."

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