Gwangju Bank Launches 'Chulchek Savings,' a Non-Face-to-Face Exclusive Product with Up to 10% Annual Interest Rate

[Asia Economy Honam Reporting Headquarters Reporter Park Jin-hyung] Gwangju Bank announced on the 8th that it has launched the ‘Chulchek Savings,’ which offers up to 10% annual interest to first-time customers and customers who check attendance on MyData.

‘Chulchek Savings,’ a non-face-to-face exclusive product available through Smart Banking (APP) and Mobile Web Banking, is available to individual customers (one account per person) with a 6-month fixed installment or flexible installment plan, allowing deposits from 50,000 KRW to 200,000 KRW per month.

For the 6-month fixed installment plan, the basic interest rate is 3.5% per annum (3.2% per annum for the flexible installment plan), with a preferential interest rate of up to 6.5%p added, resulting in a maximum annual interest rate of 10% (9.7% for the flexible installment plan).

The preferential interest rates include ▲3.5%p per annum for first-time customers with no prior transaction history in freely accessible deposits, installment savings, fixed deposits, funds, etc., up to the day before subscribing to ‘Chulchek Savings,’ and ▲0.02%p per annum for each MyData attendance check at Gwangju Bank, providing up to 3%p per annum.

Even without prior transaction records with Gwangju Bank, preferential interest rates apply if conditions are met. For MyData attendance checks, customers who subscribe to Gwangju Bank’s MyData service and link their assets can receive preferential interest rates simply by clicking the ‘MyData Attendance Check Banner’ once a day on the Smart Banking app (APP) and performing the ‘Preferential Interest Attendance Check.’

Kim Hoon, Head of the Digital Strategy Department, said, “Through ‘Chulchek Savings,’ customers can enjoy interest benefits and actively use Gwangju Bank’s convenient financial services such as MyData, which provides various additional services including checking asset details from multiple financial companies, healthcare, credit score inquiries, car price checks, and quick claims for actual loss insurance.” He added, “We will do our best to develop products and services that reflect customers’ diverse needs in line with the rapidly changing financial environment.”

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