KakaoBank Completes Sale of KTB Securities Special RP in 'Securities Firm Financial Product Investment Service'

Offering a 7% Interest Rate During a Period of Rate Cuts Received Great Response

KakaoBank announced on the 8th that the special RP product from Korea Investment & Securities, available through the 'Securities Financial Product Investment' service, sold out about one week after its launch.

Korea Investment & Securities' 61-day KRW RP product is a special offering with an annual interest rate of 7%. KakaoBank explained that the provision of a 7% interest rate during a period of rate cuts received great response.

Even after the limit for this product was exhausted, various products such as the 31-day KRW RP (2.7% per annum), demand deposits (2.6% per annum), and 31-day foreign currency RP (4.3% per annum), demand deposits (4.0% per annum) can be compared, and Korea Investment & Securities is also running a 'First Transaction Event.'

From April 7 to 30, customers holding accounts with Korea Investment & Securities who make their first investment of 1 million KRW or more in RP term products through KakaoBank will receive 5,000 Naver Pay points. More details can be found on the KakaoBank app.

KakaoBank said, "We appreciate the great interest shown in the special RP products through our partnership with Korea Investment & Securities," and added, "We will continue to strive to provide beneficial and convenient investment opportunities through the KakaoBank app."