Annual 4.0% Interest with Open Banking Registration... Daol Savings Bank Launches 'Fi Connect Account'

Open an Account and Donate to Psychological Therapy for Abused Children

Daol Savings Bank has launched a deposit product offering an annual interest rate of up to 4.0% (pre-tax) when registering for open banking.

On the 12th, Daol Savings Bank announced the release of the 'Fi Connect Account.'

This product is a demand deposit account offering an annual interest rate of 3.0% (pre-tax) on deposits up to 10 million KRW. By simply registering an account with open banking services provided by financial institutions and various simple payment services, an additional preferential interest rate of 1.0% (pre-tax) is applied, providing a total annual interest rate of 4.0% (pre-tax). However, amounts exceeding 10 million KRW will receive an interest rate of 1.5% (pre-tax) annually.

Open banking is a comprehensive financial service that allows users to register accounts from other financial institutions on their main bank’s application (app), enabling transaction history inquiries and transfers up to a daily limit of 10 million KRW.

Meanwhile, a donation event related to the launch of the Fi Connect Account will also be held. For every Fi Connect Account sold, Daol Savings Bank will donate 1,000 KRW to the international child rights NGO 'Save the Children.' The donation will be used to support psychological treatment for abused children.

The Fi Connect Account can be opened through the Daol Digital Bank Fi (app), SB TokTok Plus (app), or at branches. It is limited to 30,000 accounts, and each individual customer can open only one account. Detailed information is available on the Fi (app) or the official website.

A representative from Daol Savings Bank stated, “As barriers between financial companies are being dismantled, we are preparing various products and services that utilize this trend.”

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