Up to 4% annual interest on deposits up to 3 million won; launch event offers rewards worth up to 20,000 won

[Samsung Financial Networks]
[Samsung Financial Networks]

Samsung Financial Networks has teamed up with Woori Bank to launch a demand deposit account that pays up to 4.0% annual interest daily on deposits of up to 3 million won ($2,230).

The product, called the Monimo Woori Daily Interest Account, has been designated an innovative financial service by the Financial Services Commission and is available exclusively through the Monimo app. It also offers free transfers and unrestricted deposits and withdrawals.

Customers who open the account can also sign up for dedicated savings and fixed-deposit products. The Monimo Woori Starlight Savings account allows weekly deposits of up to 200,000 won and offers a maximum annual interest rate of 8.5%. Customers can choose a term of 14 or 28 weeks and receive a coffee coupon each week they make a deposit.

The Monimo Woori Galaxy Deposit offers up to 4.0% annual interest on deposits of up to 10 million won. Customers receive a reward "jelly" — redeemable for Monimoney, the platform's in-app currency — once for every five visits to the product's detail page.

The account also comes with automatic transfer perks. Customers who set up at least one automatic transfer to Samsung Life Insurance, Samsung Fire or Samsung Card through the account within a year of opening it will receive up to two jelly rewards per month for the following year. The structure links everyday financial transactions — including insurance premiums and credit card payments — to the Monimo platform, alongside the daily interest earned on deposits.

Samsung Financial Networks will hold a launch event starting Thursday. Customers who meet the event conditions — including opening the account and linked savings or deposit products and depositing at least 1 million won into the daily interest account — will receive Monimoney worth up to 20,000 won. Detailed conditions for each product are available on the Monimo app.

"We have launched products with Woori Bank that allow customers to enjoy a wide range of financial benefits," a Samsung Financial Networks official said. "We will continue to develop financial services that satisfy our customers."


forest@heraldcorp.com