Hana Bank announced on March 2 that it will launch the "Hana Long-Term Military Personnel Leap Installment Savings" product on March 3, a specialized savings product for long-term service military officers and non-commissioned officers designated by the Ministry of National Defense.
This follows the signing of the "Long-Term Military Personnel Leap Installment Savings Business Agreement" with the Ministry of National Defense on February 24, aimed at supporting military officers and NCOs in building up significant savings and assets.
Eligible participants are officers and non-commissioned officers who have received orders for long-term service. They can subscribe to the product by submitting a "Long-Term Military Personnel Leap Installment Savings Eligibility Certificate" issued via the "iMND Welfare Portal" website or app to the bank.
The subscription amount ranges from 100,000 won to 300,000 won per month, with a subscription period of three years. The base annual interest rate is 5.5%, and with additional preferential rates of up to 0.5%, the maximum annual rate can reach 6.0%. The preferential rates are as follows: ▲0.3 percentage points for military salary transfers, ▲0.1 percentage points for Hana Card payments, and ▲0.1 percentage points for consenting to marketing communications.
Notably, the Ministry of National Defense will provide a monthly financial subsidy equivalent to 100% of the installment payment amount through government funds, which will be paid out to the subscriber upon maturity. This enables participants to more than double their principal by the end of the term.
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Meanwhile, Hana Bank also offers a variety of services for active-duty soldiers. Through the military lounge in its flagship mobile app "HanaOneQ," it provides services such as application for the Nara Sarang Card, checking military medical examination schedules, and viewing mobilization reserve training dates.
Additionally, for customers who have been issued the Hana Bank Nara Sarang Card, Hana Insurance provides free coverage of up to 850 million won-the highest limit among domestic insurers-in the event of accidental death or disability during active duty.
An official from the Hana Bank Inclusive Financial Products Department commented, "We expect that military officers, who are dedicated to national defense, will be able to build assets for their future and develop sound consumption habits through this product." The official added, "We will continue to expand financial support for soldiers and military officers and fulfill our responsibilities as the operator of the Nara Sarang Card project."
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