"Get interest now" with a reason..."In the short term, investment in savings".

Since Russia's recent invasion of Ukraine, the stock market and the virtual asset market have returned to the 'deposit era' as concerns over global economic uncertainties have prolonged the slump.

Household funds that have not found a suitable investment destination are focused on regular deposits, which are safe assets, and as you saw earlier, the analysis report showed that the return on regular deposits is higher than installment savings.

Reporter Jeon, financial consumers are flocking to deposit accounts that give you even a little more interest.

Yes, that’s right. Do you happen to know Salty Tech?

Isn't it literally a fabricated investment technique?

Correct. The compound word of 'salty' and 'financial technology' is 'salty technology'.

Recently, more and more people are trying to save money in safe assets such as deposits as small amounts as warning lights on investment in risky assets in financial markets around the world.

Recently, Toss Bank launched a "Ilbok-ri" deposit account for the first time in the banking sector on this wind.

As deposits are in the spotlight again as an investment method, they are receiving favorable responses from the so-called MZ generation.

Toss Bank's Ilbok-ri product was used by 410,000 people in two days since its launch on the 16th, and the number of users surged to 770,000 as of yesterday (21st), six days after its launch.

I'm not familiar with daily welfare products, but what concept is it?

First of all, there are two methods of calculating the interest rate: 'monopoly' and 'benefit'.

The interest rate is higher in the compound calculation method because the simple interest rate is multiplied by only the fixed interest rate on the principal, and the compound interest gives interest on the balance combined with the principal.

Regular deposits at commercial banks are usually applied with a 'single' interest calculation method.

Toss Bank has added a function that creates a 'day compounding' effect to its so-called parking account, a deposit account that can be inserted and withdrawn at any time.


If you access the Toss app every day and press the "Get interest now" button, you can add interest to the principal and get interest again the next day.

 I still can't understand, but what is the difference in interest between a single-rate product and a single-rate product?

We compared how much interest is charged in these two cases when you subscribe to Toss Bank Ilbok-ri deposit products for a year at the same principal, the same interest rate, and when you subscribe to a single deposit product at a commercial bank.

For example, if 10 million won is deposited in Toss Bank's bank account, which gives an annual interest rate of 2%, and 'get interest now' is applied every day, the total interest will be 175,533 won.

If you do not click "Get Interest Now" every day under the same conditions, you will receive compound interest every month according to the terms and conditions, which will receive interest of KRW 171,179.

What about a 2% time deposit at a commercial bank? The interest on a one-year deposit is 169,200 won, which is about 6,300 won different from Ilbok-ri Toss deposits.

 In practice, there is not much difference in interest between the isolated product and the daily welfare product. But why is the response so good?

The benefits may not seem so great, but financial consumers are meaningful in saving even a small amount to raise a large amount of money.

It is also fun and rewarding to earn interest every day, so it is in the spotlight for its small app tech.

There is also this interpretation. As the volatility of the asset market, such as stocks, virtual assets, and real estate, increases, many investors tend to hold so-called bullets, or cash, to invest in the timing of the market's low point.

For this reason, parking accounts, which give 2% interest per year even if you leave it for a while, are popular.

So commercial banks don't have compound interest deposit products?

We investigated through the Financial Supervisory Service's 'Integrated Financial Product Comparison Disclosure'.

There were four commercial banks' compound interest regular deposit products: three Kookmin Bank and one Gwangju Bank, while one compound interest installment savings product was released at three places, including the Korea Development Bank, Hana Bank, and Suhyup Bank.

The reason why there are fewer than 10 compound savings products through commercial banks is because there was no need for consumers.

The "magic of compound interest" was so effective that it was called the "truth of investment technology" in the late 1990s when bank interest rates were 10%, but it was very difficult to maximize compound interest as the era of low interest rates prolonged.

However, when interest rates continue to rise as they are now, if you want to keep your money tied up for a long time, you can definitely see that compounding is advantageous.

Interest in deposits has recently increased because commercial banks are also offering high-interest products in the face of rising interest rates.

Investing in these high-interest products is also a way to invest in deposits.

Commercial banks' investment in deposit products can receive interest rates of up to 2% per year for regular deposits and 4% per year for installment savings if certain conditions are met, providing a lot of fun in investment technology.

However, experts advise that you should not blindly sign up because interest rates are high.

The fact that banks give high interest rates can be seen as seeing how much the customer contributes to their bank.

The 4% installment savings in the banking sector are mainly for first-time customers.

In addition, the conditions should be carefully examined as various strict preferential conditions such as salary transfer and credit card usage performance are imposed after encouraging them to sign up for high interest.

I also need to check the monthly payment limit. If you want to increase the amount of money you can put in every month, you have no choice but to receive less interest.

For this reason, it is advised that regular deposits have no burden of termination and are advantageous to subscribe to short-term products with variable interest rates during the period of rising interest rates. I will check this part through an expert interview.

[Han Soo-yeon/Deputy Manager of Woori Bank's TCE Gangnam Center: Cashization is possible at any time in today's volatile market, but if you take 20-30% of cashable assets such as MMF, RP, and one-month revolving time deposits, you will have a good opportunity to buy risky assets at a low price.]


[Kim Hak-soo/Leader of Hana Bank Apgujeong PB Center: As interest rates rise, it would be advantageous to transfer (deposit) to 6 months rather than a year. For installment savings, a shorter one-year contract is better than a long-term contract. These days, I make more deposits than installment savings. ]

Reporter Jeon, please summarize today's topic in one line. I would also like to ask for a hashtag for YouTube.

One line review is back in the era of savings and investment technology.

The hashtag will be #10 years ago, when the compound interest deposit sensation is reenacted, #Attention to the SaltyTech people #Let's become rich with interest.