Monthly Installment Savings of 10,000 to 200,000 KRW with 12-Month Maturity
Welcome Savings Bank announced on July 21 that it will begin a special sale of its regular installment savings product, "First Transaction Preferential Regular Installment Savings," designed for first-time customers.
The product offers a maximum annual interest rate of 10%. Only 30,000 accounts will be available.
Previously, an annual interest rate of 7% was applied, but for this special sale, 30,000 accounts will be offered with an annual rate of up to 10%.
The First Transaction Preferential Regular Installment Savings is a 12-month maturity installment savings product, allowing monthly deposits between 10,000 and 200,000 KRW.
The base interest rate is 3.7% per year. By participating in special events conducted during the special sale period and receiving both the special and preferential rates, customers can receive a maximum annual interest rate of 10%.
If customers make at least eight installment payments via automatic transfer from a Welcome Savings Bank demand deposit account during the savings period, they will receive a preferential rate of 1.8 percentage points. Maintaining an average balance of at least 500,000 KRW in a Welcome Savings Bank demand deposit account will provide an additional preferential rate of 3.5 percentage points.
During the limited sale period for 30,000 accounts, customers who access the Welbang application and click the "Participate" button on the "First Transaction Preferential Regular Installment Savings Special Interest Rate Event" page will receive an additional special rate of 1.0 percentage point.
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