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Finance

Daol Savings Bank overhauls deposit and loan lineup to broaden customer base

Daol Savings Bank is expanding its deposit and lending product lineup to target demand across customer segments ranging from new workers to high-net-worth individuals, retirees and mid-to-low credit borrowers. It is offering parking accounts, a hybrid time deposit and lifecycle savings products. For lending, it introduced a mid-rate stability loan for lower-scoring customers, with rates of 5.9 to 15.27 percent and up to 10 million won in support.

Finance

Korea Post offers special sale of daily-interest parking account with rates up to 2.0 percent

The Ministry of Science and ICT\'s Korea Post said on Saturday it will offer a special sale of a parking account product limited to 50,000 accounts, with interest rates of up to 2.0 percent a year. The product, sold from Aug. 10, allows free deposits and withdrawals and pays 1.6 percent on daily balances up to 10 million won, plus up to 0.4 percentage points in preferential rates depending on conditions. Korea Post will also run a sign-up event and offer an extra preferential rate for donations.

Finance

iM Bank offers up to 20,000 won in monthly coupons for \'Emergency Fund Box\' customers

iM Bank will offer up to 20,000 won in coupons each month to customers who sign up for its parking account, \'Emergency Fund Box\', based on their monthly average balance. Customers joining from August, the first month of the event, can receive up to 80,000 won in coupons over four months. The promotion runs through Nov. 30 and is capped at 5,000 accounts. Users can choose coupons usable at Musinsa, CU, Coupang Eats or Naver Pay.