Gwangju Bank Renews Happy Life Travel Sketch KRW and Foreign Currency Savings Accounts

[Asia Economy Honam Reporting Headquarters Reporter Park Jin-hyung] Gwangju Bank announced that it has renewed and launched the ‘Happy Life Travel Sketch SavingsⅤ’ and ‘Happy Life Travel Sketch Foreign Currency SavingsⅤ’ in response to the post-COVID-19 era.

The ‘Happy Life Travel Sketch’ series, based on the concept of ‘the meeting of finance and travel,’ was first introduced in July 2015 with both Korean won and foreign currency savings products. Through renewals up to the fifth series, it has continuously received steady love by offering various benefits.

First, the ‘Happy Life Travel Sketch SavingsⅤ’ allows subscriptions from KRW 50,000 per month up to KRW 5 million, with a term of 6 months to 3 years. It offers a basic fixed interest rate of 2.1% per annum (based on 3 years, 1.9% for flexible deposits) plus preferential interest rates of ▲0.5%p when subscribing to both ‘Happy Life Travel Sketch SavingsⅤ’ and ‘Happy Life Travel Sketch Foreign Currency SavingsⅤ’ ▲0.2%p for maturity withdrawal with a principal of KRW 5 million or more ▲0.3%p when using Gwangju Bank credit (or check) card for over KRW 3 million ▲0.2%p upon consent to personal information collection, use, and provision for product service guidance, allowing a maximum interest rate of 3.3% per annum for a 3-year fixed installment subscription.

Various travel-related preferential services are also provided.

Subscribers to this savings product receive ▲3% cashback on payment amounts when using travel products from designated agencies of Hana Tour Co., Ltd. ▲an additional 0.5% cashback on the travel product amount paid with a Gwangju Card and overseas usage amount at the time of deposit maturity withdrawal ▲up to 80% preferential exchange rates on major currency exchanges during the subscription period ▲interest-free installment conversion for up to 3 months and 50% discount on installment fees for up to 12 months on overseas usage amounts with Gwangju Card (same as ‘Happy Life Travel Sketch Foreign Currency SavingsⅤ’).

The ‘Happy Life Travel Sketch Foreign Currency SavingsⅤ’ is expected to attract attention as a financial tool for investors who prefer safe assets amid expectations for overseas travel, global economic recession, and inflation.

It allows subscriptions from USD 50 per month up to USD 5,000, with a term of 6 months to 3 years, offering a basic interest rate of 2.01% per annum (based on 1 year or more).

Additionally, ▲0.2%p preferential interest rate when subscribing to both ‘Happy Life Travel Sketch Foreign Currency SavingsⅤ’ and ‘Happy Life Travel Sketch SavingsⅤ’ ▲0.1%p preferential interest rate when exchanging USD 1,000 or more during the subscription period are provided, allowing a maximum interest rate of 2.31% per annum along with foreign exchange gains for subscriptions of 1 year or more.