KakaoBank Launches SafeBox Interest Immediate Receipt Service
KakaoBank announced on the 24th that it will launch the SafeBox Immediate Interest Receipt service.
SafeBox is KakaoBank's parking account service that offers an annual interest rate of 2.40% (before tax) even if the money is deposited for just one day. Until now, KakaoBank SafeBox users received interest once a month.
With the launch of the 'Immediate Interest Receipt' service, users can now receive interest immediately through the KakaoBank app whenever they want. When users want to receive interest, they can access the KakaoBank app, check the interest accumulated up to the previous day, and press the 'Receive' button to get the interest right away.
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Another feature is that the interest is paid into the SafeBox rather than the existing checking account, allowing users to benefit from compound interest. KakaoBank plans to notify users who have set up alerts separately to guide them on how to receive their interest.
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