The number of accounts eligible for the promotional rate on the "Npay Money Woori Account," launched through a partnership between Woori Bank and Naver Pay, will increase from 300,000 to 750,000. In addition, customers who sign up through Aug. 19 will be offered a rate of up to 4% annually.
According to Woori Bank and Naver Pay on the 7th, the expansion was decided in response to strong customer demand, as the existing 300,000 promotional-rate slots were fully taken by the end of March. As a result, more customers will be able to enjoy the 4% promotional rate benefit.
The Npay Money Woori Account is a demand deposits account that can be opened via the Naver Pay app and web. Individuals aged 17 or older can open one account per person, and the base rate is 0.1% annually.
A maximum promotional rate of 4% applies to the deposits balance tier of up to 2 million won, and the account offers various benefits, including a simple account payment function and Naver Pay payment and points accrual.
A Woori Bank official said, "We plan to broaden financial benefits that customers can feel through this expansion of the promotional rate and further strengthen the competitiveness of our partnership product."