In this article, I would like to compare the interest rates of parking accounts, which boast 3.8 to 4%.
We collected and compared four products that offer high interest rates of 3.8% to 4% just by depositing them for a while if they meet the preferential interest rate conditions.
When comparing interest rates on parking accounts, it is recommended to compare together whether depositors are protected, what conditions are attached to preferential interest rates, what is the interest payment cycle, and how much is the limit.
All the recommended parking account products that I will introduce today are products that can protect depositors or have slightly different preferential interest rates, so it would be good to check them.
* Interest rates may vary depending on the time of inquiry.
Parking Account Recommendation 1: Welcome Savings Bank Welcome Office Worker Love Ordinary Deposit
WELCOME Office Worker Love Ordinary Deposit is an advantageous product for office workers who receive weekly salary transfers.
Interest Rate and Interest Payment Cycle
If all the preferential interest rate conditions are met, you can receive up to 3.8%.
Interest payment cycle is monthly.
fundamental interest rate
2.3% per annum (variable interest rate)
preferential interest rate
Condition 1) Add 0.5%p per year if you have a salary transfer record of more than 1 million won.
Condition 2) If there is more than one automatic payment by CMS or branch in this month, an additional 0.5%p per year 👉 automatic transfer of insurance premiums/communication costs/card fees/gas bills, etc.
Condition 3) Add 0.5%p per year if you agree to collect and use personal information this month (for marketing purposes, etc.) and use membership subscription.
maximum interest rate limit
The maximum interest rate limit is up to 50 million won.It is said that conditions 1 and 2 preferential interest rates are not applied to the amount exceeding 50 million won.Please note that only condition 3 applies.
other matters
free transfer fee
depositor protection available
Parking Account Recommendation 2: Welcome Savings Bank Welcome Plus Ordinary Deposit
It is almost the same product as the regular deposit for office workers’ love introduced earlier, but only the preferential interest rate conditions are different.
Interest Rate and Interest Payment Cycle
The maximum interest rate you can get when you meet all the preferential interest rate conditions is 3.6%.
Interest payment cycle is monthly.
fundamental interest rate
2.3% per annum (variable interest rate)
preferential interest rate
Condition 1) Check card usage results for the month, 0.5 percentage points per year added to the usage of 100,000 won or more.
Condition 2) Add 0.5%p per year if there is more than one automatic payment by CMS or Jiro for this month by connecting this month’s deposit.
Condition 3) If you agree to collect and use personal information this month (for marketing use, etc.) and use membership subscription, you will be added 0.3%p per year.
maximum interest rate limit
The maximum interest rate limit is up to 50 million won.
Please note that conditions 1 and 2 are not applied to the amount exceeding 50 million won, just like ordinary deposits for office workers’ love, and only conditions 3 are applied.
other matters
free transfer fee
depositor protection available
Parking Account Recommendation 3: Hana Savings Bank Hi Hana Ordinary Deposit
It is a deposit product that can be deposited and withdrawn freely, and it is a preferential product for individual customers who can subscribe only to individual customers.
Interest Rate and Interest Payment Cycle
If all preferential conditions are met, interest rates of up to 3.8% per year can be applied.
Interest payment cycle is monthly.
fundamental interest rate
2.8%
Apply preferential interest rates for each condition (up to 1.0% per annum) when the following preferential conditions are met:
1. Consent to collect and use personal (credit) information of this savings bank (guidelines for product services, etc.) and consent to all instructions for product services: 0.3% per year
2. Differential application of this account by balance section at the end of each month
Monthly balance of 300,000 won or more and less than 1 million won: 0.2% per year
Monthly balance of 1 million won or more and less than 2 million won: 0.4% per year
Balance at the end of the month: 0.6% per year
3. When using an account without a paper bankbook (ESG preferential treatment), 0.1% per year
maximum interest rate limit
In the case of preferential interest rates, only up to 50 million won is applied.It is said that the basic interest rate will be applied to the amount exceeding 50 million won.
other matters
Electronic finance (Internet banking, mobile banking) transfer fees are exempted when registering withdrawal accounts for electronic financial services.
depositor protection available
Parking bankbook recommendation 4: Acuon Savings Bank money splitting
It is a deposit and withdrawal free deposit product that allows you to split your bank account as you want, and it is said that you can only make new consolidated deposits through Accuon Mobile Free Deposit (linked account).
You can sign up (separate) with up to 5 accounts per person.
Interest Rate and Interest Payment Cycle
Without any conditions for preferential interest rates, the interest rate is 4% per year, and the interest payment cycle is monthly.
interest rate
4.00%
limit amount
Up to 20 million won per person can be subscribed by adding up all the balance of your split account.
It’s a pity that interest rates are high, but the limit is a little low.
other matters
depositor protection available
No transfer fee.
A quick look at the interest rate comparison in a parking account
product name maximum interest rate conditions for preferential interest rates maximum interest rate application limit
Welcome Savings Bank Welcome Office Worker Love Ordinary Deposit 3.8% Yes, yes. 50 million won.
Welcome Savings Bank Welcome Plus Ordinary Deposit 3.6% Yes, yes. 50 million won.
Hana Savings Bank HiHana Ordinary Deposit 3.8% Yes, yes. 50 million won.
Acuon Savings Bank’s Money Shredder 4% None. 20 million won.
So far, we have compared the interest rates of parking accounts for popular products with relatively high interest rates.
The preferential conditions are slightly different, so it would be good to choose according to your situation.
If the amount to be deposited is not very large, Acuon Savings Bank’s money splitting product with no preferential interest rate conditions and the highest interest rate seems okay.
Please compare the interest rate of the parking account and choose the product that suits you.