DB Savings Bank Launches Free Installment Savings Account with 4% Annual Interest Rate

On the 19th, DB Savings Bank announced the launch of the 'M-Dream Big Free Installment Savings' offering an annual interest rate of 4%.
[Photo by DB Savings Bank]

[Asia Economy Reporter Song Seungseop] DB Savings Bank announced on the 19th that it will launch the ‘M-Dream Big Freedom Savings’ offering an annual interest rate of 4%.

This savings product is a mobile banking product that allows flexible deposits of up to 500,000 KRW per quarter (2,000,000 KRW annually). The maturity period is one year, with an interest rate of up to 4%.

The concurrently launched 'M-Dream Big Regular Deposit' offers an interest rate benefit of 2% on up to 1,000,000 KRW. For amounts exceeding 1,000,000 KRW up to 1 billion KRW, the rate decreases to 1%. Transfer fees are free.