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Finance

KBank\'s My Kids tops 10,000 accounts in two weeks; 86 percent choose five-year term

KBank said its minors-only financial service My Kids (account and savings) topped 10,000 cumulative sign-ups in two weeks after its May 13 launch. The My Kids savings product allows one- to five-year terms in one-year increments, and 86 percent of savers chose the longest, five-year maturity. The company said it offers a preferential rate without complex conditions and is running promotions through June 5.

Finance

K Bank launches \'My Kids\' account and savings offering up to 8.5 percent annual rate

K Bank said on Wednesday it launched the \'My Kids\' account and \'My Kids\' savings product. The account is for children aged 0 to under 14 and can be opened remotely by a parent who is a legal representative, with family relations verified through scraping. Parents can monitor and manage the child’s account in real time and set transfer limits. The savings product offers terms of 1 to 5 years and rates up to 7.5 percent, with promotional events running until June 5.