First of all, I am not a Kookmin Bank employee, I am just a Kookmin Bank user haha..
A lot of people read my check card recommendations too, so I write this post while asking the bank for questions about My Fit passbook..
Recently, Kookmin Bank launched a new KB My Fit account. 국민은행 마이핏통장
It seems that they have launched a new product with the motif of “splitting a bankbook”, which is recommended by many people when saving money for beginners in society.
(I got a 5,000 won benefit by switching during the event, but there doesn’t seem to be a separate event right now.)
I’m not interested in Pengsoo, but there’s also a Pengsoo check card lol
My Fit Passbook has a splitting function in the account itself. 이베이스매뉴얼
① Basic fee: All deposits and withdrawals
② Living expenses: Amount used by KB check card
③ Emergency fund: Saving money to be used in case of emergency
Actually, I have already split my bankbook, so I have a paycheck, a living expense account, and an emergency fund.
However, the reason I signed up for this account is that if I put it in the “emergency fund,” I can receive an interest rate of 1.5% per annum…!
These days, interest rates are so low that even 1% is a time to be grateful.. (Tears)
Splitting basic expenses/living expenses is new, but I am writing this post because I want to explain the emergency fund function.
How to receive emergency fund benefits from KB My Fit bankbook
However, the conditions for receiving this emergency fund interest benefit are a bit tricky.
One of the three conditions below must be met.
1. In case of registering a payroll (designated) date and depositing more than 500,000 won per case on the designated date
2. In case of deposit of 500,000 won or more per case with a summary of benefits
3. In case of deposit of 500,000 won or more per case of salary transfer settlement under the salary transfer contract
To put it simply, it is a story to receive “salary” through “myfit account”, but in fact, it does not have to be a salary.
The condition must be satisfied as follows.
In case of condition 1
: Register on the designated date, transfer 500,000 won from another bank account to “My Fit Passbook” (ATM/bank account transfer X)
In case of condition 2
: When transferring 500,000 won, write “salary” in the summary (ATM/bank account transfer X)
So, if the conditions are met, how is the interest in the emergency savings account determined?
KB My Fit Passbook Interest Payment Date
The second Friday of February, August, and November of each year is the interest settlement date, and payments are made the day after the settlement date.
Interest rates can be applied if at least one of the conditions of deposit performance for 2 months or more is met in the 3 months immediately preceding the end of the month (January/July/October) of the month in which the settlement date belongs.
That is, interest from February to April is paid in May, interest from May to July is paid in August, interest from August to October is paid in November, and interest from November to January is paid in February. .
However, it is important to note that the performance conditions must be met for at least 2 months in the previous 3 months.
It’s confusing if you do it this way, so it’s recommended to either just deposit your monthly salary into My Fit account, or put in 500,000 won each month on a set date.
How to calculate interest on KB My Fit bankbook emergency fund
How is the interest rate calculated?
[Average balance during the settlement period X annual interest rate ÷ 365 days X the number of days from the last cost date to the settlement date] = interest before tax
What are you talking about? You made it difficult..
First of all, the balance here is said to be the average amount of the final balance for each day.
Let’s assume that the precondition is 90 days because it is settled every 3 months.
① Average balance during the settlement period
If you think that you put 900,000 won per day and empty your emergency savings account on the 2nd day, /// of 90 days, the deposit is 900,000 won, and the 89th day is 0 won ////.
Therefore, 900,000 won ÷ 90 days, so the average balance during the settlement period is 10,000 won.
② Annual interest rate and daily interest
1.5% annual interest on 10,000 won is 150 won
Divide this amount by 365 days and multiply by 90 days to get the pre-tax interest. About 37 won.
That is, [Average balance during the settlement period X annual interest rate ÷ 365 days X the number of days from the last cost date to the settlement date] = interest before tax
10,000 won (average balance) X 1.5% (annual interest rate) ÷ 365 (days) X 90 days (number of days until settlement date) = 36.9 won
If it is assumed that the maximum balance of the emergency savings account, 2 million won, was paid from the 1st to the 90th
Average amount: 2 million won / 1.5% annual interest: 30,000 won / 1 day interest: about 82 won / 3 month settlement interest: You can think of it as receiving about 7,400 won interest.
When you open a MyFit account, it is divided into 3 categories in one account in this way.
I just switched the bankbook where I keep the money I play with the Myfit bankbook, so I split it up into three places..
But in fact, these days, when I have money, I put it in a stock account.
However, if you are an adult customer who uses Kookmin Bank on a regular basis, I think it would be good to use it..
And because other people may be curious about what I was curious about when I signed up for My Fit Account..!? I wrote a post.
Actually, other than this, I want to post stocks by studying stocks hard. T.T
Now the stock is a gambling board, give me back my principal..heukheuk
*If there is something different from what I understand or if the content of the post is wrong, please leave a comment.
Interest rates are very low these days, and I think you will find a lot of #parkingbooks with high interest rates.
Recently, when it comes to high-interest parking passbooks, #CiderBank products are also found a lot.
I’m sure you’ve heard a lot about the #Myfitbankbook launched by Kookmin Bank.
I have an existing Star*t account, but I was thinking about converting it to a My Fit account,
I’m going to write it down in case I forget it again later.
I’m posting this because I thought it might be helpful for those who are having the same problem 🙂
The terms and conditions referenced first are attached based on the most recent (?) announcement.
But even that has an expiration date of 2021.02.01…
Unless it is newly revised after this, I think that these terms and conditions will not be applied for now.
KB Kookmin Bank Star*t Passbook
First of all, this passbook is 2020.8. Since then, new subscriptions have been discontinued, and new subscriptions are now discontinued.
If you already have one, I think it would be better to use it as a substitute for a parking passbook rather than converting it to a Myfit account.
My Fit is new.. haha
interest rate, settlement date
The current interest rate for this product is 1.0% per annum.
The default is 0.1% and the preferential rate is 0.9%, but most of you are probably receiving the preferential rate.
The preferential rate condition is too simple.
As we will see in more detail below, the settlement date for which interest is accrued is the second Friday of February, May, August and November of each year.
Preferential rate requirements
The preferential interest rate must satisfy one of the following three conditions for at least two months in the three months immediately preceding the settlement date. (However, the preferential interest rate is applied only to a maximum of KRW 1,000,000.)
1. There is a record of direct debit / automatic payment
2. If you have a payment history with a card linked to your bankbook, or
3. You have a specific savings account or
If you automatically transfer some of your cell phone bills or various utility bills to this account, you will satisfy condition 1.
However, there are many other bankbooks that can receive preferential treatment with this automatic debit..?
Also, if you are thinking about whether or not to switch this passbook,
I think this passbook may not be the main transaction.
So, even if you don’t think about number 1, there is method 2 that is easy to satisfy!
All you need to do is pay with a debit card, and there is no minimum amount set, so you just need to make one small payment or payment with the debit card connected to this account once a month.
If you look at the highlighter note 2), the cost of the transportation card is also included in the performance, so if you have a card with other transportation card benefits, you can use it and use this card only once.
Also, there is no need to be satisfied every month, so even if I forgot to skip it for a month or so, interest comes in.
Small and cute Iza
If the annual limit of 1 million won is about 1.0%, rather than converting this product to another product or transferring it to a new product,
You can use it as a bankbook to park about 1 million won in extra money.
#For Woori Bank’s parking passbook #MyWON Pocket
The interest rate is 0.8% for the range of 1 million won to 5 million won, and 1.0% is applied to 5 million won or more,
In the case of #KakaoBank #Safebox, a 0.5% interest rate is applied.
I think that maintaining a Kookmin Bank Star*t account is not a loss-making option.
I hope it was of some help to those of you who were having the same problem :)!