Parking Account + Fixed Deposit... Daol Savings Bank Launches 4.5% Deposit Product

Daol Savings Bank 'Fi Hybrid Fixed Deposit'

Daol Savings Bank is launching a fixed deposit product offering a maximum annual interest rate of 4.5% (before tax).

On the 19th, Daol Savings Bank announced the release of the ‘Fi Hybrid Fixed Deposit’.

This product combines the convenience of a parking account with the high returns of a fixed deposit. When subscribed online, a basic interest rate of 3.5% per annum (before tax) is applied, with an additional preferential interest rate of 1.0% upon maturity, allowing for a maximum annual interest rate of 4.5% (before tax). For in-person subscriptions, the basic interest rate is 3.4% per annum (before tax), and 4.4% per annum (before tax) is provided upon maturity.

Subscriptions start from a minimum of 100,000 KRW with no maximum limit. Both individual and corporate customers can subscribe, and the deposit period is 12 months. Notably, partial withdrawals up to three times (excluding withdrawal at maturity) are allowed during the deposit period, with the basic interest rate of 3.5% still applied, reducing the burden of early withdrawal.

The Fi Hybrid Fixed Deposit can be opened through Daol Digital Bank Fi (app), SB TokTok Plus (app), internet banking (PC), or at branches. Detailed product information can be found on the Fi (app) or the website.

A representative from Daol Savings Bank stated, "This is a new concept product that combines essential asset management for lump-sum funds with high-interest benefits all at once," adding, "We will continue to introduce innovative financial services by understanding the diverse needs of our customers."

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