Toss Bank said on Thursday it will run a preferential interest promotion for new customers aged 14 and over.

The promotion runs until June 30 and applies an annual interest rate of 2 percent for 3 months from the account opening date for new customers who open an account through the event page. The rate combines a 1 percent base rate and a 1 percentage point preferential rate, and applies with no separate limit.

The Toss Bank account offers a “Get Interest Now” service that lets customers receive interest the next day even if they deposit funds for just 1 day. Customers can receive interest when they want, and interest is also paid on received interest, meaning a compound interest effect can be expected.

Toss Bank plans to use the promotion to help new customers directly experience the product’s convenience and a differentiated financial experience.

A Toss Bank official said, “The Toss Bank account is designed so that interest accrues even if you deposit for just 1 day, and you can receive it immediately when needed.” The official added, “We hope more customers will experience a convenient financial experience through this promotion.”