BNK Gyeongnam Bank Launches Family-Friendly Financial Product 'Hi baby Savings'

Childbirth, Childbirth Support Fund Deposit, and Other Preferential Interest Rate Conditions All Met for a Maximum Annual Interest Rate of 8.00%

BNK Gyeongnam Bank announced on the 13th that it has launched a family-friendly financial product called ‘Hi baby Savings’.

Hi baby Savings, which is being sold with a limit of 10,000 accounts, is a specially launched product to participate in overcoming low birth rates, celebrating the birth of children and offering high preferential interest rates when conditions are met.

The preferential interest rate conditions are ▲ consent to receive marketing and mobile messages (0.55%) ▲ childbirth during the product subscription period (2.00%) ▲ deposits such as child and childcare allowances (2.00%) ▲ number of children born after 2005 up to 2.00% (1.50% for 2 children, 2.00% for 3 or more children), and when all are met, a maximum preferential interest rate of 6.55% is provided.

When the basic interest rate and all preferential interest rates are applied, an annual interest rate of up to 8.00% (before tax) can be expected.

The subscription period is 12 months, and payments can be made from 10,000 KRW to 300,000 KRW per month.

Subscriptions can be made through the BNK Gyeongnam Bank mobile banking app and branch counters.

Kang Taeyoung, head of the Digital Marketing Department, said, “As low birth rates have recently emerged as a social issue, the importance of childbirth and family is emphasized more than ever. Hi baby Savings is a family-friendly financial product launched to participate in overcoming low birth rates, and we actively recommend it to families who have lovely and beautiful children or are expecting a baby.”

Meanwhile, BNK Gyeongnam Bank has been supporting efforts to overcome low birth rates by participating in the ‘Low Birth Rate Overcoming Promotion Gyeongnam Headquarters’ and the ‘Low Birth Rate Overcoming Ulsan Promotion Headquarters,’ which were formed in August and October respectively with representatives from various sectors of the local community including KBS Changwon, KBS Ulsan, the economic sector, and academia.

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