Search results for Daol Savings Bank
Finance
Daol Savings Bank launches Fi National Pension safe account offering up to 3.3 percent
Daol Savings Bank launched the Fi National Pension safe account on Feb. 13, combining National Pension seizure protection with an interest rate of up to 3.3 percent a year before tax. The demand deposit account accepts only pension benefits remitted by the National Pension Service, with a monthly deposit cap of 2.5 million won under current law. Interest rates vary by balance, and bonus rates apply for account registration and an event period through April 29.
Finance
Banks roll out livelihood accounts to block seizures, protect 2.5 million won
South Korea\'s banking sector is rolling out dedicated livelihood accounts designed to protect minimum living funds from seizure and provisional seizure. The protected limit rises to 2.5 million won a month from 1.85 million won under a revised enforcement decree of the Civil Execution Act. Major commercial banks introduced products with fee waivers and online sign-ups, while a savings bank launched a demand deposit account offering protection and interest benefits.
Finance
Daol Savings Bank launches Fi Life Peace of Mind account with up to 3.0 percent interest
Daol Savings Bank said on Sunday it launched the Fi Life Peace of Mind account, a demand deposit product with seizure protection and a pre-tax interest rate of up to 3.0 percent. The account is a government living-expense product introduced this month and protects up to 2.5 million won a month from seizure for customers facing financial difficulties such as debt delinquency. Base rates vary by balance, with additional preferential rates available.
