Business · Companies · 1 hr ago
Toss Bank launches fixed deposit with customer-chosen maturity date
Toss Bank has launched a fixed-term deposit with a customer-chosen maturity date in South Korea.
Customers can choose a date between one month and 36 months after opening the deposit.
The bank pays the principal and interest into the customer’s Toss Bank account on that date, which can be set to match a planned expense.
Rates depend on how long the money is deposited: deposits of at least one year can earn up to 3.8% annually, while terms of at least three months earn 3.3%.
Customers can deposit from 1 million to 1 billion won.
If plans change, they can withdraw part of the money early up to twice, provided at least 1 million won remains in the account.
The remaining balance stays deposited until the agreed maturity date.
Toss Bank has launched a fixed deposit that lets customers choose a maturity date.
Customers can select a date between one month and 36 months after opening the deposit.
At maturity, the principal and interest are automatically transferred to the customer’s Toss Bank account.
The annual rate is up to 3.80% for deposits of at least one year, while deposits of at least three months receive 3.30%.
Customers can deposit between 1 million won and 1 billion won and make up to two partial withdrawals.
- Who
- Toss Bank launched the deposit for its customers.
- What
- A fixed deposit lets customers choose its maturity date.
- When
- Toss Bank announced the launch on October 21, 2026.
- Where
- South Korea. The deposit is offered by Toss Bank.
- Why
- It is designed to let customers match the maturity date to personal schedules, such as moving costs or tuition payments.
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- Maturity period
- 1 to 36 months
- Maximum annual rate
- 3.80% for deposits of at least one year
- Short-term rate
- 3.30% for deposits of at least three months
- Deposit amount
- 1 million to 1 billion won
- Partial withdrawals
- Up to two, while keeping at least 1 million won in the account