Up to 3.0% Annual Interest Rate for Pension Recipients
Unlimited Waivers on Withdrawal and Transfer Fees
Expanded Criteria for Recognized Pensions
Hana Bank announced on September 22 that it will significantly expand the benefits of its senior-customized "Hana The Next Pension Account" to enhance financial convenience and support stable retirement asset management for customers receiving pensions.
With this expansion, customers who receive their pensions through the "Hana The Next Pension Account" will be eligible for an interest rate of up to 3.0% per annum, and will enjoy unlimited waivers of various financial fees, including branch and interbank transfer fees as well as cash withdrawal fees from automated machines.
Additionally, Hana Bank will broaden the criteria for recognized pensions to strengthen inclusive finance. In addition to senior customers who receive the four major public pensions-National Pension, Government Employees Pension, Military Pension, and Private School Teachers Pension-as well as Basic (Old-Age) Pension and Veterans Pension, recipients of Disability Pension will now also be eligible for the same preferential interest rates and financial fee waivers.
The "Hana The Next Pension Account" is Hana Bank’s flagship senior-customized deposit account, offering up to 3.0% per annum interest on deposits up to 1 million won simply for receiving a pension. The account provides a base interest rate of 0.1% per annum, with an additional preferential rate of 1.9% per annum applied when a pension deposit is made. For customers who receive their first pension deposit with Hana Bank, a special event rate of 1.0% per annum will be offered for one year from the date of the first pension deposit.
A representative from Hana Bank stated, "We expect that this expansion of benefits will allow pension recipients to experience stable and tangible financial advantages," adding, "We will continue to expand customized inclusive finance for a wide range of customers, including seniors."
Meanwhile, until December 19, Hana Bank is running a promotion for customers receiving their first pension, offering benefits worth up to 60,000 won and free enrollment in cyber financial crime compensation insurance. The bank is also providing preferential interest rate coupons for those who sign up for the pension-specialized installment savings product, "Pension Hana Monthly Compound Savings," thereby delivering differentiated products and services exclusively for pension customers.
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