KB Kookmin Bank Expands Sales Limit for "Monimo KB Daily Interest Account"

KB Kookmin Bank has increased the sales limit for the "Monimo KB Daily Interest Account," a collaborative product with Samsung Financial Networks' financial platform "Monimo."

According to KB Kookmin Bank on October 22, the "Monimo KB Daily Interest Account" sold out its initial sales limit of 225,000 accounts within about two months of its launch in April. After receiving additional approval for innovative financial services from the financial authorities, the total sales limit has been expanded to 1,025,000 accounts, including the original 225,000 accounts.

This product is a demand deposit account that can be opened through the Monimo app. With the "Daily Interest Payment" service, customers can receive daily interest even if funds are deposited for just one day.

The "Monimo KB Daily Interest Account" offers an interest rate of up to 4.0% per annum (basic rate of 0.1% per annum, with a preferential rate of up to 3.9 percentage points) on daily balances up to 2 million won. The account also provides preferential rates for registering automatic transfers related to Samsung Card, Samsung Life Insurance, and Samsung Fire & Marine Insurance. In addition, "Moni Money," the exclusive points accumulated by completing various missions on Monimo, is automatically converted to cash to provide extra interest benefits.

A KB Kookmin Bank representative stated, "We will continue to expand customer-centric digital innovation and everyday financial services."

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