No Complex Preferential Conditions... OK Savings Bank Launches 7% Annual Interest 'OK Jjantech Account'

OK Savings Bank announced on the 1st that it has launched the ‘OK Jjantech Account,’ which offers an annual interest rate benefit of 7% to everyone.

The OK Jjantech Account is a demand deposit account (parking account) that pays interest even if deposited for just one day, applying a high interest rate of up to 7% per annum without any complicated preferential interest rate conditions. For deposits up to 500,000 KRW, an annual interest rate of 7% (before tax) is applied, and for amounts exceeding 500,000 KRW, an annual rate of 3.5% is given.

Any individual customer can sign up non-face-to-face through the OK Savings Bank mobile application (app).

An OK Savings Bank official stated, “The OK Jjantech Account eliminates all complex and stringent preferential interest rate conditions to resolve customer inconvenience,” adding, “We plan to continuously launch deposit products that reflect customers’ lifestyles and needs.”