BNK Busan Bank Leads Efforts to Overcome Low Birthrate... Launches 'BNK Baby Angel Savings'

Up to 8.0% Interest Rate Offered for 1-Year Term, Limited to 10,000 Accounts

BNK Busan Bank (President Bang Seongbin) is launching the 'BNK Baby Angel Savings' in an active effort to address the low birth rate issue.

The 'BNK Baby Angel Savings' is a follow-up product to last year's marriage-specialized product 'NeomanSolo Savings', focusing on childbirth, which is the next life stage after marriage.

This savings product offers a maximum annual interest rate of 8.0% for a one-year subscription, combining a base interest rate of 2.00% per annum by subscription period, a childbirth-related preferential rate of up to 5.5%, and a Busan Bank performance preferential rate of up to 0.50%.

The childbirth-related preferential rates include: ▲ 4.50% for first childbirth during the subscription period, 5.00% for the second childbirth, and 5.50% for the third or more childbirths ▲ 2.00% if there are two or more children under the age of 19 as of the new subscription date.

Performance preferential rates include: ▲ 0.30% for holding the NeomanSolo Savings ▲ 0.1% for new customers (excluding those with a history of NeomanSolo Savings subscription) ▲ 0.1% for holding a housing subscription savings account.

This product is available through the mobile banking app until the end of this year, limited to a total of 10,000 accounts, and may end early if the limit is reached.

Eligible subscribers are Korean nationals over the age of 19 with real-name accounts. The subscription period can be selected between 12 or 24 months. The monthly deposit amount ranges from a minimum of 10,000 KRW to a maximum of 300,000 KRW. Detailed information about the product can be found on the Busan Bank website or through the mobile banking app.

Last year, Busan Bank launched the 'NeomanSolo Savings' limited to 20,000 accounts for the 2030 generation to help them prepare for marriage expenses, in an effort to address the sharp decline in the marriage rate. The product was available until March this year.

Kim Yongkyu, Head of Customer Marketing at Busan Bank, said, "Busan Bank is acutely aware of the seriousness of the ultra-low birth rate issue and has been considering ways to overcome it," adding, "We will continue to develop practical financial products that help solve social issues such as marriage and childbirth."