OK Savings Bank Launches 'Second Account' as Main Bank... Up to 3.3% Annual Interest

[Asia Economy Reporter Song Seung-seop] OK Savings Bank announced on the 13th that it has launched the deposit and withdrawal account product ‘OK Second Account,’ offering a maximum annual interest rate of 3.3%.

This product requires registering the account in the open banking service of a bank or securities company app other than OK Savings Bank to receive the preferential interest rate. An annual interest rate of 3.0% (before tax) is applied up to the open banking daily transfer limit of 10 million KRW. Registering the account in another bank’s open banking adds an additional 0.3 percentage points to the preferential interest rate. Amounts exceeding 10 million KRW receive an annual interest rate of 1.0%.

By registering the account in the open banking service of the main bank’s app, customers can not only receive the preferential interest rate but also check the balance or transfer funds from this account through the bank or securities company app. An OK Savings Bank official explained, “Considering that financial consumers find it difficult to easily change their main bank accounts, we designed the ‘OK Second Account’ product to be used as a supplementary account to the main transaction account.”

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