[Asia Economy Reporter Song Seung-seop] OK Savings Bank launched a special fixed deposit product on the 18th that provides interest even if deposited for just one day.
The target product is OK Savings Bank’s ‘Jungdohaeji OK Jeonggi Yegum 369’ and is available to individuals. The interest rate changes every three months and is 1.7% per annum (before tax). The total limit is 100 billion KRW.
Interest is applied even if withdrawn after just one day. Upon withdrawal, the principal and interest are paid immediately, making it advantageous for short-term fund management.
Jung Gil-ho, CEO of OK Savings Bank, emphasized, “Customers’ fund management needs are becoming increasingly complex and diverse,” and added, “We will approach customers with products and interest rates that meet their heightened expectations.”
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