Hana Bank has launched the “Hana Step Counter Savings” product with Toss, offering preferential interest rates depending on step counts.

Hana Bank said on Tuesday it will sell up to 10,000 accounts of the “Hana Step Counter Savings” product to users of the step-counter service within the Toss application.

The product is a 100-day maturity, free installment savings plan that allows daily deposits of up to 30,000 won in 1-won units. Preferential rates are applied on a tiered basis depending on cumulative steps achieved through the Toss step-counter service.

The base interest rate is 1.0 percent a year. Hana Bank offers preferential rates of 0.1 percent a year for 15,000 steps or more and less than 300,000 steps, 1.5 percent a year for 300,000 steps or more and less than 600,000 steps, and 2.0 percent a year for 600,000 steps or more.

If customers agree to marketing use, an additional 0.5 percent a year applies. First-time customers who have not held Hana Bank savings or time deposit products in the past year receive an additional 1.0 percent a year. If all preferential conditions are met, customers can receive an interest rate of up to 4.5 percent a year.

The bank is also running a points event to mark the launch. All customers who sign up for the savings product will receive 2,000 Toss Points, and customers who have not made savings or time deposit transactions with Hana Bank in the past year will receive an additional 3,000 points.

A Hana Bank official at its new business promotion department said, “We will continue to expand collaboration to prepare products and services that can provide customers with tangible benefits.”