Input 2021.02.11 06:00
It is said that the era of saving large amounts of money in banks and making money with interest has passed, but banks still offer a variety of products for financial consumers who are concerned about financial technology. If you carefully scrutinize these numerous product lists, you will often see products that are both safe and profitable.
Examples include products specializing in’young financial consumers’, including new office workers who have been successful in finding employment through the new coronavirus infection (Corona 19), and trust products for the elderly who are about to retire or who have already retired. In celebration of the Lunar New Year, major commercial banks were ambitious, but asked the bank directly for a preliminary’signboard product’ with a lesser known name.
◇’Catch the Younger’ 2030 High-interest installment savings aimed at office workers
Shinhan Bank’s’Pleasant Three-Day Savings Deposit’ is a product that improves the inconvenience of existing installment savings, which requires a minimum of one year to three years to expire, and requires several hundred thousand won to be automatically debited every month. The name’Jaksim Three Days’ comes from the idea that you can achieve your goal by repeating it several times.
The basic interest rate is 1.1% per year, which is not higher than expected, but as the day of the week of the automatic debit increases, the preferential interest rate increases by up to 0.3% per year. If you select one day of the week and register for automatic debit, you get 0.10% preferential per year, if you select two, you get 0.20% per year and 0.30% per year for three days of automatic debit. This product is for non-face-to-face use only, so you do not need to find a counter, you can simply sign up at Shinhan Bank’s mobile app SOL.
KB Kookmin Bank recommended a’bankbook splitting’ product for new office workers as a financial product for the new year. ‘KB My Fit Bankbook’, which can only be signed up by the age of 18-38, is a key function of splitting one bankbook into basic expenses, living expenses, and emergency funds according to the management purpose. The amount divided into emergency funds provides an annual rate of 1.5% up to 2 million won.
KB My Fit installment savings, sold in bundles with My Fit bankbooks, is a savings product for real-name individuals 18 years of age or older and 38 years of age or younger. You can freely save more than 1,000 won and less than 500,000 won each month, and the interest rate is 2.7% per year (including preferential interest rate), which is much higher than the existing installment savings.
This product has a low base rate of 0.3%. However, if you access the’gift box’ in the bank app and complete the puzzle and press the’Get Interest Rate’ button for each preferential item, you can receive a preferential interest rate of up to 1.8% per year. When you complete the puzzle, you add up to 1% per year, 0.5% to open a new account, and 0.3% per year for friend referrals and direct debits. It is a product that is completed by’matching the puzzle’.
Woori Bank started marketing for the new year by releasing the’First Salary Woori Package’ for beginners in society. This package is a product consisting of our first paycheck, our first paycheck, and our first paycheck. All the preferential benefits provided by Woori Bank can be received by just paying a salary transfer, so it is perfect for young financial consumers who don’t want to worry about anything.
If you open a Woori bankbook for the first salary and meet the conditions for payroll transfer, you are exempt from various fees incurred when trading Woori Bank. In this bankbook, you can freely accumulate your first salary, Woori Savings, below 1 million won per month. Likewise, if only the preferential conditions for payroll transfer are met, the maximum annual interest rate is 2.2% (basic interest rate 1.1%, preferential interest rate 1.1% points). Although credit loans are tighter than usual, our first-payment credit loans can be borrowed by any financial consumer who has been at work for more than a month. If you meet the conditions for transfer of salaries, you will also receive preferential interest rates.
An official of NH Nonghyup Bank explained that “the interest rate is relatively high because the interest rate calculation is also a product that is compounded.”
Jeonbuk Bank, which often offers unique products among local banks, has also released a new’PLUS YOUNG package’ to quickly catch young financial consumers. This package is only available to those aged 18 to 34 years of age.
If you create a’JB Plus Young Passbook’, it provides an annual 1% interest rate up to 2 million won, and unlimited fees such as transfer fees are exempted. ‘JB Plus Young Installment’ is a one-year installment deposit that allows you to freely deposit up to 200,000 won per month. If you apply for automatic savings transfer, regardless of the amount, you will receive up to 3% annual interest.
◇’Please take care of old age’ 4050 Banknote trust responsible for the rest of life
Although the stock market is booming, the volatile stock market may be a gamble for the rest of their lives for the 50s and 60s, who only believe in retirement funds. The bank provides a trust service that rolls out retirement funds to those who cannot find an investment that deserves a profit.
A trust is a financial product that literally means’trust and trust’, and a bank is a kind of asset management service that invests, manages, and disposes the money entrusted by customers in bonds, stocks, and real estate. Rather than simply pursuing high profits, it manages property stably, and takes care of the remaining asset management and support services when the world dies.
IBK’s IBK Relief Concern Trust, which was launched by IBK at the end of October last year, became popular with more than 5,000 subscribers in a month after the product was released.
This product can be paid from a minimum of 50,000 won to a maximum of 5 million won. There is no cancellation fee in the middle, and if you fail, you can use the service at a 15% discount. The consignee bank directly pays the expenses for the aid with the amount paid. If the payment is more than 3.5 million won, you can use the help service at a discounted price even if you are not in charge of your spouse or direct existence.
An IBK official said, “As the number of elderly and single-person households increases, we launched the product in consideration of the increasing demand for preparing’well dying’.” The number of subscribers below is also 28%,” he said.
Hana Bank also operates a passbook product that combines a trust product with a personal IRP (retirement pension). This product combines a personal IRP with a life management trust product equipped with three key functions of retirement care, inheritance, and living expenses payment, and manages easily leaky pre-retirement assets with one account. It added convenience by linking the pension receipt function to the personal IRP for the first time in the financial sector.
An official from Hana Bank explained, “It goes beyond the restriction that pensions can only be received through a deposit and withdrawal passbook, and can be received through a trust account.”
‘KB My Life Trust’, launched by KB Kookmin Bank, is somewhat high with a minimum subscription amount of 300 million won or more, but has the advantage of being able to receive medical expenses or living expenses when health is deteriorating. After death, the bank also handles assets such as inheritance and donations. Unlike ordinary trust products that are invested in super-safe assets such as government bonds, these products allow subscribers to decide where and how to invest, resulting in relatively high returns.
An official from KB Kookmin Bank said, “Before the launch of this product, many people were looking for products that could provide stable inheritance and donation. If the trend of low birthrate, aging, and low interest rates continues, there is a need to entrust assets to reliable financial institutions. It is expected that it will continue to increase,” he said.