Gwangju Bank Launches 'Haengun Savings' with a Top Interest Rate of 13.2%

[Asia Economy Honam Reporting Headquarters Reporter Park Jin-hyung] Gwangju Bank announced on the 6th that it has launched the ‘Haengun Savings’ offering a maximum annual interest rate of 13.2% to celebrate its 54th anniversary.

‘Haengun Savings’ is a non-face-to-face exclusive product available to individual customers with only one account per person, which can be subscribed to using the Gwangju Bank Smart Banking app (APP) or mobile web banking without visiting a branch.

Customers can subscribe with either a 12-month fixed installment savings plan or a flexible installment savings plan, with a minimum subscription amount of 50,000 KRW and monthly deposits up to 500,000 KRW.

To commemorate Gwangju Bank’s 54th anniversary, the ‘Haengun Savings’ was launched along with the ‘FUN & Haengun Preferential Interest Rate Event.’

This event assigns a lucky number composed of six random digits every Monday to customers who subscribe to this savings product by March 12, 2023. A draw is held on Fridays for the assigned lucky numbers, and winning accounts receive a preferential interest rate bonus of 10.0%p annually.

Drawings will be held every Friday until March 17, 2023, totaling 28 sessions with 540 lucky numbers drawn.

Therefore, customers can receive a base interest rate of 3.20% annually for the 1-year fixed installment savings (2.90% annually for flexible installment savings) plus the event preferential interest rate bonus of 10.00%p annually if their lucky number wins, resulting in an annual interest rate of 13.20% for the 1-year fixed installment savings (12.90% for flexible installment savings).

Detailed information about the event can be found on the Gwangju Bank website, Smart Banking (APP), branches, or customer center.

Kim Hoon, Head of the Digital Strategy Department, said, “We launched ‘Haengun Savings’ to repay the support of local residents and customers who have been with Gwangju Bank for 54 years by offering fun and excitement. We hope many people will take home good luck.” He added, “We will continue to strive to develop various products and services reflecting financial trends and lifestyles to realize financial services closest to local residents and customers.”

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