Woori Bank said on Tuesday it has launched the Samsung Card Woori savings product, offering an interest rate of up to 10 percent a year. The 12-month flexible savings plan is limited to one account per person and allows monthly deposits of up to 500,000 won. The base rate is 2.5 percent a year, with preferential rates of up to 7.5 percentage points. The product is limited to 20,000 accounts on a first-come, first-served basis.

Toss Bank launched a savings product for new customers on April 24 offering up to 10 percent annual interest. Only customers with no prior history of opening a Toss Bank account before April 21 can join, with one account per person. Sales run until May 19 but may end early once 100,000 accounts are filled. The product has a three-month term and a monthly deposit limit of 500,000 won.