3.5% Annual Interest Rate for Balances Up to 2 Million Won
Woori Bank announced on October 20 that it has been exclusively selected as the financial service operator for Samsung Electronics' new simple payment service, 'Samsung Wallet Money·Point'.
This service allows users to make easy payments with their Samsung Galaxy smartphones without a physical card by linking a bank account or recharging funds. Points are automatically accumulated with every payment and can be used for future payments, making it a convenient payment service. To coincide with the launch of the 'Samsung Wallet Money·Point' service, Woori Bank will introduce exclusive deposit products and various promotional events.
First, the 'Samsung Wallet Money Woori Account' is a demand deposit account that offers up to 3.5% annual interest for balances up to 2 million won. The base interest rate is 0.1% per annum, and customers who link the 'Samsung Wallet Money' service receive an additional preferential rate of 2.4% per annum for one year after signing up, plus an extra 1.0% per annum if they sign up by the end of the year, for a maximum rate of 3.5% per annum. This product is available to the first 200,000 customers who sign up through Woori Bank's mobile web linked to the Samsung Wallet app.
The 'Samsung Wallet Money Woori Savings Account' is a flexible installment savings account with a maximum monthly deposit limit of 300,000 won. Customers who designate Woori Bank as the linked account for 'Samsung Wallet Money·Point' can sign up via the 'Woori WON Banking' app, with the first 100,000 eligible for up to 7.5% annual interest. The base interest rate is 2.5% per annum, with additional preferential rates of 2.0% per annum for charging 'Samsung Wallet Money' at least three times, 1.0% per annum for holding a 'Samsung Wallet Money Woori Account', and 2.0% per annum for customers who have not held any Woori Bank deposit, savings, or subscription products in the past six months.
Additionally, Woori Bank is running the 'NEW Samsung Wallet Money Lucky Box for Customers!' event through the end of the year. Participating customers will receive up to 18,000 Money (for 200,000 people) on a first-come, first-served basis, and those who recharge 'Samsung Wallet Money' at least once will receive up to 20,000 Money (for 200,000 people).
Furthermore, 100 customers who sign up for both the 'Samsung Wallet Money Woori Account' and the 'Samsung Wallet Money Woori Savings Account' will be selected by lottery to receive prizes such as the Samsung Galaxy Fold7, Flip7, or Ultra Watch.
In addition, together with Samsung Electronics, the launch of 'Samsung Wallet Money·Point' will be celebrated with benefits including up to 3,000 points for new sign-ups, 3,000 points for the first payment, and an extra 1.5% points on the payment amount when charging and paying via a Woori Bank account.
A Woori Bank official stated, "With the launch of these new products, we will focus on providing tangible financial benefits to users of 'Samsung Wallet Money·Point.' Through this collaboration with Samsung Electronics, we aim to set a new standard in the domestic simple payment market."
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