NH Nonghyup Bank announced the launch of the 'NH All Wonderful Happiness Companion Account' on July 24, offering a maximum annual interest rate of 3.1% and various fee waivers for pension recipients.
This product features preferential interest rates based solely on pension deposit activity, without complex transaction conditions, applicable to daily balances up to 3 million won.
The base interest rate is 0.1%, with an additional 2.0 percentage points for customers with pension deposits. New pension recipients at Nonghyup Bank will receive an extra 1.0 percentage point for one year, allowing them to earn up to 3.1% annually.
Eligible pensions include public pensions such as the National Pension, Government Employees Pension, Teachers Pension, and Military Pension, as well as veterans' pensions and basic pensions.
The account also waives electronic transfer fees, cash withdrawal fees at Nonghyup Bank ATMs, and interbank transfer fees.
This product is part of the 'NH All Wonderful' brand launched in November last year to support senior customers in preparing for retirement and managing their assets. It expands the lineup of senior financial products following the introduction of the 'NH All Wonderful Happiness Companion Savings Account' in May.
A Nonghyup Bank official stated, "As the aging population rapidly increases, the importance of financial services for senior customers is growing. We aim to establish ourselves as a financial partner that supports not just finance but all aspects of life."
* This article has been translated by AI.
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