Welcome Savings Bank's 'Welbang Walking Savings'... Walk More for a Preferential Interest Rate up to 8%P
[Asia Economy Reporter Song Seung-seop] Welcome Savings Bank launched the ‘Welbang Walking Savings’ product with an annual interest rate of 10% on the 6th.
This product offers a preferential interest rate of up to 8 percentage points annually based on the total number of steps counted during the contract period. The preferential interest rate starts with an additional 1 percentage point granted upon achieving at least 1 million steps. If 5 million steps are reached, an 8 percentage point preferential interest rate is given. Walking 9,000 steps daily allows meeting the 3 million steps condition (4% preferential interest rate).
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The subscription period is one year, and the basic interest rate is 1% per annum. If the savings are transferred six or more times through a Welcome Savings Bank ordinary deposit account during the contract period, an additional 1 percentage point is provided. The maximum monthly deposit amount is 200,000 KRW.
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