Daol Savings Bank Launches Seizure?Free “Fi National Pension Safe Account” Offering Up To 3.3% Per Annum

Monthly Deposit Limit of 2.5 Million Won
Full Seizure Protection on Cumulative Deposits

Daol Savings Bank announced on the 13th that it has launched the “Fi National Pension Safe Account,” which combines a seizure?protection function for National Pension Service (NPS) benefits with a maximum annual interest rate of 3.3% (before tax).

The Fi National Pension Safe Account is a transaction account designed to protect the right to receive NPS benefits, guarantee a practical basic standard of living, and support stable fund management. It protects pension benefits from any actions that may restrict the right to receive them, including creditor seizures, court seizure orders, set?offs, and the creation of pledges.

Only pension benefits remitted by the National Pension Service can be deposited into the Safe Account, and the monthly deposit limit is 2.5 million won, which is the current statutory protection amount for NPS beneficiaries. The cumulative monthly deposits are fully protected from seizure and other measures, helping pension recipients safely accumulate a lump sum.

Depending on the deposit balance, a base interest rate is applied as follows: an annual rate of 2.7% (before tax) for balances up to 10 million won; an annual rate of 2.2% (before tax) for balances up to 30 million won; and an annual rate of 1.7% (before tax) for the portion exceeding 30 million won. In addition, a preferential rate of 0.3 percentage points per year is added when the account is registered through open banking at commercial banks or securities companies.

To commemorate the launch, customers who open an account by April 29 this year will receive an additional “early bird event rate” of 0.3 percentage points, enjoying benefits of up to an annual 3.3% (before tax).

A Daol Savings Bank representative said, “This product was created to safely protect the pensions that serve as a pillar supporting the daily lives of the retired generation, while also providing practical interest rate benefits,” adding, “We plan to continue expanding financial products and services that take into account the customer life cycle.”

This content was produced with the assistance of AI translation services.