With the Lunar New Year holiday, parking accounts are drawing attention as products that can efficiently manage the cash gifts children receive. A parking account is an account where you can park money for a short period, like briefly parking a car, and withdraw it at any time. You can receive interest even if you deposit for just one day.
According to the financial sector on the 17th, KB Kookmin Bank's "Monimo KB daily interest account" offers an annual rate of up to 4.0% on daily balances up to 2 million won. KB Kookmin Bank launched it in collaboration with the integrated platform "Monimo" by Samsung Financial Networks.
KB Kookmin Bank is running a Lunar New Year event through the 22nd. If you complete missions in the Monimo application (app), you receive a cash gift envelope. Key missions include opening a new account, consolidation of Samsung Financial auto-transfer, and receiving interest for 5 or 10 consecutive days. Depending on the achievement criteria, you can receive 2 to 5 envelopes. All customers who receive a cash gift envelope will be paid up to 2.6 million won in "Moni Money" on the 10th of next month. If you convert Moni Money into cash and deposit it into the account, you can enjoy interest benefits.
Standard Chartered Bank Korea's "SC First Smart Box Account" is a demand deposit product that automatically splits deposits into two tiers and pays a rate of up to 5% per year. The account halves the daily account balance and classifies it into a "Smart Box" and a "Basic Box," then applies different rates to each tier.
The Smart Box applies a preferential rate of 3 to 5 percentage points depending on conditions, while the Basic Box, which holds the remaining half of the balance, applies a base annual rate of 0.3%. You must have more than 1 million won in the Smart Box balance to receive the rate benefits. There is no maximum amount limit. Interest is compounded daily in the Smart Box tier and monthly in the Basic Box tier.
Industrial Bank of Korea (IBK)'s "IBK Reliable Account" offers a maximum annual rate of 3.1% within a 2 million won limit by adding preferential rates of 1.5 percentage points each for salary or pension receipt and for first transaction or no average balance in deposits over the past six months, on top of a base annual rate of 0.1%.
Savings bank parking accounts offer high rates. OK Savings Bank's "OK Jjantech Account II" applies an annual rate of 5.0% to balances of 500,000 won or less. If you meet conditions such as registering a simple payment account and agreeing to marketing, you can earn up to 7.0% per year. For amounts exceeding 500,000 won, an annual rate of 3.0% applies up to 100 million won.
KB Savings Bank's "KB PangPang mini account" is a demand deposit account for new customers. Based on pre-tax standards, it applies a base annual rate of 6.0% to balances of 300,000 won or less. If you meet requirements such as using a debit card or registering simple payment/auto-transfer, you can earn up to 8.0% per year. For amounts exceeding 300,000 won, the rate drops sharply, making it suitable for diversifying small amounts.