Woori Bank Launches 'Woori Magic Savings by Lotte Card' with Up to 7.0% Annual Interest

Woori Bank and Lotte Card Offer Preferential Interest Rates for Transaction Performance
Pre-Reservation Sales and Events Available on One Banking

[Asia Economy Reporter Kwangho Lee] Woori Bank announced that it will offer the 'Woori Magic Savings by Lotte Card,' which provides a high interest rate of up to 7.0% per annum, starting with a pre-reservation sale on Won Banking from the 19th, followed by its official launch on the 28th of this month.

The sales limit for this savings product is 100,000 accounts, with a subscription period of one year and a maximum monthly deposit limit of 500,000 KRW. The interest rate consists of a base rate of 1.5% per annum, a preferential rate of up to 0.5% per annum, and a special preferential rate of up to 5.0% per annum, providing a maximum annual interest rate of 7.0%.

The preferential rate of 0.5% per annum is provided upon subscribing to Woori Open Banking and agreeing to product and service marketing. The special preferential rate is offered based on Lotte Card usage performance, with existing customers receiving 2.0% per annum and new customers receiving 5.0% per annum.

Additionally, to commemorate the product launch, a pre-reservation sale and event for Woori Magic Savings by Lotte Card will be held on Won Banking from today until the 27th. Among the pre-reservation customers, a total of 1,777 people will be selected by lottery to receive Baskin-Robbins ice cream coupons and Starbucks coffee vouchers.

Detailed event information can be found on Woori Bank’s website or the Won Banking event page.

A Woori Bank official stated, "As market interest rates continue to decline, we have partnered with Lotte Card to launch a high-interest savings product to help customers accumulate a lump sum of money," adding, "We will continue to provide many benefits to customers through collaborations with other companies."