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Post office expands preferential rate for soldiers' savings to up to 11 percent

The Ministry of Science and ICT's Postal Service said it will raise the interest rate on its Post Office Soldiers' Tomorrow Preparation Savings product to as high as 11 percent a year to help service members prepare for a stable return to civilian life. The base rate is 5.0 percent. Those joining from April 10 can receive preferential rates totaling 6.0 percentage points, depending on conditions such as first-time use, auto transfers, card use and basic livelihood support status.