Welcome Savings Bank Teams Up with Lotte Card to Launch 'Welbang Like It Savings' Offering Up to 14% Annual Interest

Welcome Savings Bank announced on the 4th that it will launch the ‘Welbang LIKIT Savings’ jointly with Lotte Card, offering a maximum annual interest rate of 14%.

‘Welbang LIKIT Savings’ is a 12-month maturity savings product that allows flexible monthly deposits up to 300,000 KRW. The basic interest rate is 2.0% per annum (before tax), and customers can receive a preferential interest rate of up to 12.0 percentage points upon meeting certain conditions.

The preferential interest rates are as follows: ▲designating the Lotte Card payment account as a Welcome Savings Bank deposit and withdrawal account and making payments for more than 3 months (2%p), ▲accumulated usage of the ‘LOCA LIKIT Card’ exceeding 500,000 KRW (7%p), ▲automatic payment of telecommunications bills, utility bills, and apartment management fees for more than 3 months using the LOCA LIKIT Card (3%p). The 2nd and 3rd preferential interest rate conditions are offered to customers who have no Lotte personal credit card usage in the 6 months prior to subscribing to the savings product.

‘Welbang LIKIT Savings’ can be subscribed to non-face-to-face via the Welcome Digital Bank application (app) and is limited to 10,000 accounts.

A representative from Welcome Savings Bank stated, “We have partnered with Lotte Card to introduce Welbang LIKIT Savings, which offers various benefits and preferential interest rates. We will continue to do our best to provide differentiated services to customers through competitive products and events.”

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