Parking accounts that earn interest even if you leave it for a day are popular these days.In a situation where our economy is frozen as much as the frozen weather, parking accounts, which ordinary people can easily withdraw money and receive a lot of interest, are in the spotlight rather than tying it up for a long time.
Today, I will find out the exact concept of what a parking account is and recommend a parking account after comparing the interest rate of a parking account.If you read this article through, you can get tips on getting higher interest every day.
Parking bankbook interest rate comparison, parking bankbook recommendation (latest)
What is a parking account?
Parking, literally refers to a free occasional deposit and withdrawal bankbook that is used to store a large amount of money in the bank for a while, as if parking a vehicle for a while.The interest rate on bank accounts, which are usually deposited and withdrawn from banks from time to time, is insignificant, about 0.1 to 0.2% (before tax) per year.
Unlike ordinary bank accounts, parking accounts have the advantage of being paid interest just for one day, and unlike regular deposits or installment savings, deposits and withdrawals can be made at any time, and up to 50 million won is guaranteed under the Depositor Protection Act.
Therefore, if you are thinking about where to invest your cash assets, you can leave them in your parking account for a while, and you can deduct the funds whenever necessary and earn interest at the level of regular deposits, so it’s killing two birds with one stone.
precautions for signing up for a parking account
Before comparing interest rates on parking accounts, I will tell you what to be careful about when signing up for parking accounts.No matter how high-interest and high-benefit products are, you should carefully consider various precautions when signing up.
When signing up for a parking account, you may have to meet various conditions such as whether to sign up for the first time, limit, card performance, and automatic transfer, so you should take a close look at the conditions.
It may also be different whether interest is paid monthly, quarterly, or daily.Parking accounts have different interest payment dates for each bank, so it is also a good idea to compare interest payment dates for each bank.
The fee should not be deducted whenever I make a deposit or withdrawal from time to time.There are some items in the parking account that are not exempt from handling fees, so it is also good to remember to choose items that do not have handling fees when signing up.
parking account interest rate comparison
Parking accounts received attention as Internet banks such as Kakao Bank and Toss, which provide higher interest rates than commercial banks, were created.As the economy has become more difficult, interest in comparing interest rates on parking accounts seems to have increased more than ever.
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Savings banks are actively trying to attract customers by competing with each other and increasing parking account interest rates, which has recently led to savings banks’ parking account interest rates exceeding 3% per year.
As the Bank of Korea raises its key interest rate, interest rates on parking accounts are also on the rise.Recently, a parking account of a commercial bank, which provides interest rates of more than 4%, has emerged and is a hot topic, and I will introduce it below.
First EZ account 4.1%.
SC First Bank’s First EZ bankbook is holding a subscription event for a month from December 1st.JeilEZ Bankbook is an online-only bankbook that can only be subscribed to the Internet and mobile banking, and a basic interest rate of 2.6% is applied to the daily balance.
However, if you are the first customer to do business with SC First Bank, an additional 1.5% preferential interest rate will be applied without any limitation or additional conditions, making it an unconventional parking account interest rate of 4.1%.
However, the additional preferential interest rate benefits are applied for six months after signing up, and include exemptions from various fees, including Internet and mobile banking transfer fees and off-hours automated device withdrawal fees.
parking account interest rate comparison first EZ account
4% of my bank account.
The interest rate on Acuon Savings Bank’s mobile-only deposit and withdrawal free deposit account is 4% per year.A person can open up to five accounts, and the balance can only be subscribed to up to 20 million won in total.
It is characterized by calculating interest based on the third Friday of each month and paying the next day.
parking account interest rate comparison money shredder
Welcome Office Worker Love Ordinary Deposit 3.8%
In the case of Welcome Savings Bank’s Welcome Office Worker Love Ordinary Deposit, the basic interest rate is 2.3% per year, but if a preferential interest rate of 1.5% per year is applied, a maximum annual interest rate of 3.8% will be applied.
The preferential interest rate conditions are +0.5% if you have a salary transfer record of 1 million won or more, +0.5% if you agree to use personal information collection and membership subscription.
Parking Account Interest Rate Comparison Welcome Worker Love
OK. Second bank account 3.5%.
The basic interest rate of OK Second Bank, which is my high parking account at OK Savings Bank, is 3% per year.There is a limit of 10 million won, and if you register the bankbook in open banking of commercial banks and securities firms, a preferential interest rate of 0.5% will be applied.
parking account interest rate comparison OK second account
Peppers Parking Account 23.5%
Pepper Savings Bank introduced Pepper Parking Account 2, which has a higher interest rate than the existing Pepper Parking Account.It provides a 3.5% interest rate up to 50 million won, which is protected by depositors, and an annual interest rate of 1.0% will be applied from more than 50 million won.
The advantage is that there are no complex preferential interest rate conditions to receive 3.5% interest rates, and there is no limit to the amount of subscription.You can sign up through the mobile app, and even those who already have a Pepper deposit and withdrawal account can sign up additionally.
Mobile banking transfer fees are exempted, and only one account can be opened per person.
Parking Account Interest Rate Comparison Peppers Parking Account 2
3.2% of Cider Bank’s
This product of SBI Savings Bank will be subject to an annual interest rate of 3.2% only if it is deposited below 100 million won.An annual interest rate of 0.2% is applied to the excess of 100 million won.If you deposit 10 million won, you will earn 324,735 won per year (before monthly compound interest tax).
Cider Bank for Parking Account Interest Rate Comparison
Plus Box 2.7%.
K-Bank’s plus box products offer an annual interest rate of 2.7%.Currently, the interest rate is the highest in the banking sector except for the interest rate in SC First Bank’s parking account.
It has increased by 0.2% since October, allowing you to receive 2.7% interest per year if you leave it for one day.The maximum limit is 300 million won and you can receive interest on the fourth Saturday of every month.
parking account interest rate comparison plus box
Safe Box 2.6%.
Kakao Bank’s parking account, Safe Box, is subject to an annual interest rate of 2.6%.Also, since October, it has risen 0.4% from the existing interest rate, and even if you leave it for one day, you will receive 2.6% interest per year.The maximum storage limit is 100 million won, and you can open one per deposit and withdrawal account.
parking account interest rate comparison safe box
2.5% of KDB Hi’s bank account
The KDB Hi deposit and withdrawal bankbook of the Korea Development Bank has no limit, so it is advantageous for those with a lot of funds to deposit.Interest is calculated using a monthly cost formula that adds interest to the principal every month.It is a method of including the rest of the tax limit from monthly interest in the principal.
Parking Bank Interest Rate Comparison KDB Hi Non-face-to-face
Toss Bank Account 2.3%
Toss Bank has decided to apply an annual interest rate of 2.3% to more than 100 million won since October.Before that, an annual interest rate of 2% was applied with a limit of 100 million won, while interest rates were raised even if the limit was removed.
The characteristic of Toss Bank’s bank account is that you can receive interest once every day when you want, and you can even enjoy a compound interest effect if you collect interest.
parking account interest rate comparison Toss Bank
Parking bankbook recommendation
Parking accounts will be protected up to 50 million won, including principal and interest, by applying the Depositor Protection Act.On the contrary, the remaining amount exceeding 50 million won cannot be guaranteed even if the bank fails.
Therefore, it is recommended to use your parking account to deposit funds for short-term use of your current funds or to use them as emergency funds.In order to increase a large amount of money in the long run, it would be better to use high-interest deposit products as before.
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There are 10 types of parking accounts I told you about today.If you are a new customer of SC First Bank, I definitely recommend Jeil EZ bankbook.It’s because you can benefit from a high interest rate of 4.1 percent even though it’s six months after signing up.
In the savings bank sector, Acuon Savings Bank boasts a far higher interest rate, but the limit is up to 20 million won, so if you want to deposit this much money in your parking account, I recommend a money splitting account.
However, I recommend the Welcome Office Worker Love Bankbook for office workers, and the Peppers Parking Bank 2 for those who are already customers of SC First Bank among those who are a little anxious about savings banks.
I can’t recommend it because each person’s situation and the date of interest payment they want are all different.It is important to note that interest rates are steadily rising, so I cannot guarantee that my current interest rate is the highest in the future.Therefore, experts advise you to sign up in installments or installments rather than being tied to deposits for more than a year.
parking account interest rate comparison
Today, I looked into what a parking account is and compared interest rates of 10 parking accounts and recommended them.Please check the precautions when signing up so that you don’t regret or avoid them after signing up.