GS Retail launches savings account with KakaoBank... "Up to 7% interest benefits"

Additional 'The Pop Rewards' Provided Based on Payment Performance

GS Retail has launched the '26-Week Savings with Our Neighborhood GS' in collaboration with Kakao Bank and its own application (app). (Photo by GS Retail)

[Asia Economy Reporter Lim Chunhan] GS Retail announced on the 13th that it has partnered with KakaoBank to launch the '26-Week Savings with Uri Dongnae GS' linked to its own application (app).

This product offers an annual interest rate of up to 7.0% (base interest rate 3.5%, maturity preferential interest rate 3.5%). Upon subscription, customers can choose an initial deposit amount from 1,000 KRW, 2,000 KRW, 3,000 KRW, 5,000 KRW, or 10,000 KRW, and the amount will automatically increase weekly by the subscribed amount. This product is available for subscription only until the 26th of this month and can be opened as a maximum of one account per person.

GS Retail will provide up to 17,500 The Pop Rewards to customers who subscribe to the savings product. The Pop Rewards are GS Retail’s exclusive points that can be used like cash across GS Retail’s online and offline platforms, including convenience store GS25, supermarket GS The Fresh, and online grocery platform GS Fresh Mall. Additionally, a limited edition 'Chunsiki Cooler Bag' will be given away in a prize event to 32,500 account-opening customers.

A GS Retail official stated, "In line with the recent trend of preferring savings and deposits, we have partnered with KakaoBank to offer a financial product with excellent interest rates and special benefits. We plan to continue active collaboration with financial companies to enhance customer convenience and benefits."