Woori Bank is set to launch a savings account offering an interest rate of up to 7.5% to support the South Korean national team ahead of the Asian Games in Aichi and Nagoya, which begin on September 19.
On September 6, Woori Bank announced the introduction of the 'Team Korea Savings 2' account, which provides preferential interest rates based on participation in cheering for the national team and the team's performance in the competition. Woori Financial Group is an official sponsor of the Korean Sports Council and the South Korean national team.
This product is a 12-month flexible savings account, allowing deposits of up to 300,000 won per month. The base interest rate is 3.0% per year, with an additional maximum of 4.5 percentage points available for meeting all preferential conditions, bringing the total to 7.5% per year.
Customers can also receive an additional maximum of 1.0 percentage point based on their participation in cheering. Writing at least one comment on the cheering board earns an extra 0.2 percentage points, and the preferential interest rate increases as the total number of cheering comments from all customers surpasses 100,000, 200,000, 300,000, and 400,000.
The national team's final overall ranking will also affect the interest rate. If South Korea finishes first, an additional 1.5 percentage points will be applied; second place earns 1.0 percentage point, and third place adds 0.5 percentage points.
New customers can also receive up to 1.0 percentage point in preferential interest rates. This applies to customers who have not held any Woori Bank savings accounts in the past six months and those who did not have an account with Woori Bank as of the end of the previous year.
A Woori Bank representative stated, "We designed this product to cheer on our athletes and share in their moments of sweat and challenge."
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.