Kwangju Bank Launches Non-face-to-face Exclusive 'MaeweolIjaWa Deposit'

Gwangju Bank Launches 'Monthly Interest Wa Deposit'. Photo by Gwangju Bank

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Gwangju Bank (President Ko Byungil) announced on the 14th that it has launched a new non-face-to-face exclusive product, "Maeweol Ija Wa Deposit," which offers a stable fixed interest rate (annual 2.50%) with monthly interest payments and an additional maturity celebration rate upon maturity withdrawal.

"Maeweol Ija Wa Deposit" incorporates the advantages of the recently popular parking account by providing monthly interest payments and allowing customers to manage their assets safely with a more stable fixed rate compared to variable rates.

In addition, if funds are maintained until maturity and withdrawn at maturity, an additional maturity celebration rate is provided (▲0.55%p per annum for 3 months ▲0.50%p per annum for 6 months ▲0.40%p per annum for 12 months). Even if the customer makes an early withdrawal after receiving monthly interest payments, the interest already paid is not deducted from the principal, which is expected to receive a positive response from customers.

The minimum deposit amount is 5 million KRW and the maximum is 1 billion KRW. Customers can easily sign up through the Gwangju Wa Bank (APP) and mobile web banking (WEB) without visiting a branch.

For more details about the product, customers can visit the nearest branch, check the Gwangju Bank website, or contact the customer center.

Byun Mikyung, Deputy President of the Digital Division at Gwangju Bank, said, "'Maeweol Ija Wa Deposit' is a practical product from Gwangju Bank aimed at delivering customer satisfaction," and added, "We will continue to do our best to provide various benefits to customers by developing more customer-friendly products in the future."

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