Toss Bank's asset management service, 'Wealth Management,' has surpassed 30 trillion won in cumulative linked sales.
According to Toss Bank on September 18, Wealth Management is a service that introduces customers to selected investment products from Toss Bank's partner financial institutions. Launched in August 2022, it allows users to compare and invest in bonds, issued notes, repurchase agreements (RPs), and foreign bonds all in one place. Actual transactions are conducted through each partner financial institution.
The linked sales amount increased from approximately 17.9 trillion won in August of last year to 22 trillion won in December of the same year, and has now exceeded 30 trillion won as of September this year.
To expand its offerings, Toss Bank has also added the 'Kiwoom Securities Issued Notes' product. Issued notes are short-term financial products issued by securities firms based on their own credit to raise funds.
The products are available in two types: flexible and fixed-term, with durations ranging from one day to a maximum of one year. The flexible type offers a pre-tax annual yield of 3.00% even if held for just one day. The fixed-term type is divided into maturities of 7, 31, 181, and 365 days, with pre-tax annual yields of 3.05%, 3.05%, 4.50%, and 4.70%, respectively. The minimum purchase amount for both products is 1 million won. Transactions can be made on business days from 8 a.m. to 4 p.m.
A Toss Bank official stated, "We have continuously expanded product options that align with our customers' financial plans in collaboration with our partner financial institutions. With the addition of Kiwoom Securities issued notes, we aim to meet diverse asset management needs, from short-term surplus funds to larger amounts to be managed over a year."
* This article has been translated by AI.
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