Toss Bank's 'Lump Sum Investment' Financial Products Sales Surpass 9 Trillion Won

Toss Bank announced on the 17th that the investment linkage amount through its 'Lump Sum Money Management' service has surpassed 9 trillion KRW.

Toss Bank's Lump Sum Money Management service introduces customers to the interest rates and investment periods of bonds and commercial papers sold by various securities firms and connects them to financial companies. After checking the products on Toss Bank, customers can open an account with the linked securities firm and easily purchase products through the connected securities firm.

Since launching the Lump Sum Money Management service in August 2022, Toss Bank has been introducing bonds and commercial papers from five securities firms, including Korea Investment & Securities, Hanwha Investment & Securities, and Samsung Securities, focusing on products with a credit rating of A or higher, which have a low risk of principal loss. So far, Toss Bank has introduced 703 bond products, with a cumulative sales amount reaching 9 trillion KRW.

According to Toss Bank, the average investment amount is about 14 million KRW. The pre-tax annual yield of U.S. Treasury bonds is 5.53% (as of the 16th, based on 4 months), and customers can purchase products for desired periods such as 5 months, 1 year, and 26 years. Toss Bank interprets that investors expecting a decline in U.S. interest rates are purchasing U.S. Treasury bonds for the purpose of capital gains or to obtain yields in the 5% range.

A Toss Bank representative stated, "We aim to be an investment platform where consumers can check information scattered across securities firms according to conditions such as investment amount and investment period without the need to verify each separately," adding, "We plan to expand the number of partnered securities firms to about 10 this year and establish ourselves as the first and largest investment platform in Korea."