Search results for Hana gathering account
Finance
Hana Bank launches savings product offering up to 11 percent based on national team results
Hana Bank is reintroducing a savings product whose interest rate changes depending on the South Korean national football team’s results in an international tournament held in June. The bank said it launched the BEST 11 savings plan on June 1. The product is sold until June 24, limited to 30,000 accounts, with a six-month term and monthly deposits of 10,000 to 200,000 won. The maximum rate is 11 percent a year.
Finance
Banks ramp up gathering account race as services evolve into AI treasurers
South Korean banks are intensifying competition in gathering accounts, led by KakaoBank and followed by commercial banks and savings banks seeking control of everyday finance platforms. New products combine dues management with higher interest, scheduling and AI features. Hana Bank launched a structure separating transaction and vault balances with up to 2.5 percent interest. KakaoBank leads with 12.9 million users and 11.6 trillion won in balances.
Finance
Hana Bank launches Hana gathering account, runs event
Hana Bank said on Thursday it has launched the Hana gathering account to help customers manage group funds more efficiently and is running related events. The account separates a deposit and withdrawal function from a separate storage feature. Funds kept in the storage section earn up to 2.5 percent a year on balances up to 3 million won. The bank also waived key transfer fees without limits and added split-bill and treasurer-change functions.