Gwangju Bank Launches '100-Day Challenge Savings' with Up to 6% Annual Interest

Gwangju Bank has launched a new savings product called the "100-Day Challenge Savings" targeting Millennials & Gen Z and young adults starting their careers. Photo by Gwangju Bank

Gwangju Bank announced on September 17 that it has launched a new savings product called '100-Day Challenge Savings,' where consistent daily deposits lead to a sense of accomplishment and cherished memories.

This product is designed for Millennials & Gen Z and young adults starting their careers who are familiar with 'challenge culture.' It allows users to save a significant amount in a short period with small daily deposits. Unlike automatic transfers, participants receive a daily 'challenge notification (PUSH)' and make deposits themselves, offering the fun and sense of achievement that comes from active participation.

Additionally, any memos written at the time of deposit are sent back to the customer as a 'memory-filled statement' upon maturity. These statements can be treasured like a letter or given as a special gift, making this more than just a financial product-it is a unique savings account where daily records become lasting memories.

The product is a flexible savings account available to individual customers aged 17 and older, limited to one account per person. The daily deposit amount ranges from a minimum of 1,000 KRW to less than 10,000 KRW. If the customer makes daily deposits for 100 consecutive days, they can receive a base interest rate of 1.00% per annum plus a preferential rate of 5.00% per annum, for a maximum total interest rate of 6.00% per annum.

Customers can easily sign up for the product through the Gwangju Bank WaBank App or mobile web banking without visiting a branch. For more details, customers can visit a nearby branch, check the Gwangju Bank website, or contact the customer center.

Park Moonsu, Head of Data Product Strategy, stated, "Although the period is short, this new product is designed to help customers build valuable memories as well as enjoy interest benefits through consistent habits. We will continue to introduce differentiated financial products and services tailored to the expectations of Millennials & Gen Z."

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