Let’s look at the differences in interest, limits, and conditions between Toss Bank and Kakao Bank Safe Box, which are used as hot parking accounts due to the recent increase in deposit rates.
Toss Bank vs Kakao Bank Safe Box.
1. Interest rates/interest rates/interest rates
Toss Bank has an annual interest rate of 2.3%, and Kakao Bank has an annual interest rate of 2.6%.It is 0.3% lower than Kakao Bank, but you can also understand if you read number 2, 3, and 4 below.
2. Difference in convenience
Kakao Bank has to create a general deposit and withdrawal account and open a place called -> “Safe Box” to transfer money.
Toss Bank opens a general bank account and it becomes a parking account that pays interest every day.
Toss Bank’s parking account actually just refers to general deposit and withdrawal deposits.Amazingly, parking accounts such as Kakao Bank must open a “deposit account” for parking accounts and transfer them to earn interest, but Toss Bank creates a deposit account and pays interest (2.3% per year) every day.In other words, there is no need to transfer money to Kakao Bank’s safe box.
Toss Bank is very convenient to use when you transfer utility bills, but you have a few days to spare.On the other hand, Kakao Bank has money in a safe box other than a deposit account, so it is better to put in emergency funds and extra money than money that needs to be used soon, such as automatic transfer.
3. Differences in deposit limits
It has a limit of 100 million won for Kakao Bank, and there is no limit for Toss Bank.Even if you put in 10 billion won, you get interest every day. (If it’s 10 billion won based on Toss Bank, the interest is 720,000 won every day.)
4. Interest is paid every day, but “benefit” is different.
You can think about when to pay the interest, but Kakao Bank is a little complicated.It is the same as Toss Bank to pay interest on deposits every day, but interest payments are settled on the fourth Friday of each month and interest payments are paid the next day.In other words, interest is paid every month, which means “Wolbok-ri” is impossible.
Toss Bank is easy.It is given on the first day of every month.However, my personal favorite part is that I can earn interest every day.There is a separate “Get Interest Now” button, so you can receive interest accumulated every day when you want it.If so, Toss can make a profit!That’s the story.The difference between compound interest and compound interest is large, so I will attach a posting below that deals with the difference in compound interest.
When you transfer about 1.3 million won, the interest looks like this right after 12 p.m.
I use Toss Bank for emergency funds and extra money in Kakao Bank safe boxes with higher interest rates, money with automatic transfers, and living funds with frequent movement.If you use it wisely and well according to your needs, parking account seems to be a very good investment method.