Meritz Securities' 'Super365 Account' That Grows Daily Deposits... Balance Surpasses 100 Billion Won

Meritz Securities (CEO Choi Hee-moon) announced on the 13th that the deposit assets of its newly launched non-face-to-face exclusive comprehensive investment account, ‘Super365,’ rapidly increased, surpassing 100 billion KRW just over seven months after its launch at the end of last year.

The ‘Super365 account’ is a non-face-to-face exclusive comprehensive investment account that allows trading of various financial investment products such as domestic and overseas stocks and bonds at the lowest domestic commission rates (0.009% for domestic stocks, 0.07% for overseas stocks). It also offers an ‘RP (Repurchase Agreement) automatic investment service’ that provides daily compound interest income on the cash balance remaining in the stock account.

The core service, ‘RP automatic investment,’ applies the advantages of a CMA account to the stock account. It purchases RP products every evening with the cash balance in the ‘Super365 account’ and sells them immediately after midnight, providing daily compound interest investment. In the past, some high-net-worth clients often transferred waiting funds to CMA accounts to earn interest while waiting for the right stock purchase timing. The ‘Super365 account’ took inspiration from this and incorporated the RP automatic buy-sell function as a basic service of the stock account.

General non-face-to-face customers without a dedicated private banker (PB) found it inconvenient to transfer cash to CMA accounts or trade RP products frequently. In the ‘Super365 account,’ all cash balances of 10,000 KRW or more (500 USD or more for dollars) are subject to RP automatic investment, significantly improving this inconvenience. Without any separate application, daily compound interest income on the cash balance (3.15% for KRW, 4.2% for USD) is automatically credited to the account every business day.

Due to these differentiated advantages, about 91% of newly opened accounts at Meritz Securities are ‘Super365 accounts.’ The cash balance ratio is also about 38%, with many customers actually receiving daily income credited every business day. Particularly, investors in their 40s and 50s, who tend to have relatively larger assets and are sensitive to financial management, account for about 60% of the total customer accounts, showing strong interest.

A representative from Meritz Securities’ Digital Platform Division stated, “‘Super365 account’ consolidates all benefits into one account and returns most of the operating interest income on customers’ cash balances back to the customers. We will continue to plan and provide products and services that customers expect from securities firms from the customers’ perspective.”

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