NH Nonghyup Bank Launches 'NH1418 Preferential Account and Swing Savings' for Youth Customers

Savings Account and Installment Savings Package for Youth Customers Aged 14 to 18
Preferential Interest Rates and Services Based on Financial Transaction Experience, Including Check Card Payment Performance and Customers Without Products

[Asia Economy Reporter Sim Nayoung] NH Nonghyup Bank announced on the 25th that it will launch new products for teenage customers, the 'NH1418 Preferential Account·Swing Savings'.

The demand deposit 'NH1418 Preferential Account' can be used as a linked account for the NH All One Bank allowance management service, and if you deposit more than 10,000 KRW monthly in installment savings, use the Nonghyup Bank Chaeum check card, or have automatic transfer payment records, electronic financial fees are waived and cash withdrawal fees at other bank ATMs (up to 5 times per month) are waived.

The installment savings 'NH1418 Swing Savings' allows flexible deposits from 100 KRW to 200,000 KRW monthly, with a subscription period from 6 months up to 12 months. When linked with the 'NH1418 Preferential Account' via the swing deposit service, and meeting preferential conditions such as average monthly approval performance of the Nonghyup Bank Chaeum check card or new subscriptions through Nonghyup Bank's non-face-to-face channels, a preferential interest rate of up to 1.5 percentage points (p) is provided.

In particular, customers who have not held any Nonghyup Bank deposits or savings (including subscription deposits) for one year prior to subscribing to the product can receive an additional preferential interest rate of 2.0%p. (Up to 6.60%, based on a 12-month subscription as of October 25, 2022, before tax)

The swing deposit service is a service that automatically deposits a set amount from the 'NH1418 Preferential Account' into the 'NH1418 Swing Savings' on a fixed day each week, allowing teenagers to save small leftover amounts from their allowance, providing a small fun experience and additional preferential interest rates.

To commemorate the product launch, the 'Grow Together with Nonghyup Bank!' event will be held until November 30. Customers who subscribe to one or more of the NH1418 Preferential Account or Swing Savings products through Nonghyup Bank's non-face-to-face channels will be automatically entered, and 10 winners will be drawn to receive a Nintendo Switch OLED.

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