Actually, I am also using the Toss Bank parking passbook.
It can be said that it is a very useful product because it is a product that is subject to daily benefits depending on how it is used. 웰컴저축은행 파킹통장
> How to apply daily compound interest in Toss Bank parking passbook?<
Toss Bank 2% parking passbook, Why do I need to receive interest every day with the collection function?
Wolbok-ri, daily well-being, which one is more advantageous? 이베이스매뉴얼
In fact, there are products that offer higher interest rates than Welcome Savings Bank and Toss Bank, but the reason these two products are mentioned the most when comparing parking accounts is because compound interest is applied.
Compound interest is actually the most advantageous method of applying interest because it is a form of interest on interest.
You can use the Welcome Savings Bank at monthly compound interest and Toss Bank at daily compound interest depending on the usage method.
In particular, the longer the period and the shorter the cycle, the higher the interest.
Now, I have a problem here.
3% monthly interest Welcome Savings Bank and 2% daily compound interest Toss Bank, which one will generate more interest?
I’ve actually compared the interest paid once.
The standard is 50 million won in principal, compared to 1 year, 3 years, 5 years and 10 years.
Bank
interest method
1 year
3 years
5 years
10 years
Welcome Savings Bank
3% Wolbok-ri
51,520,797 won
54,702,570 won
58,080,839 won
67,467,677 won
Toss Bank
2% daily compound interest
51,010,039 won
53,091,740 won
55,258,394 won
61,069,803 won
Of course, I thought that Toss Bank, where the principal increases every day, would be advantageous even if the interest rate was 1% lower, but in reality, that is not the case.
In the case of compound interest, once there is a difference, the difference increases like a snowball depending on the period, so if you compare up to 10 years, the difference will be about 6 million won.
So, should I always use the Welcome Savings Bank?
It’s a natural story, but in the case of the Welcome Savings Bank, the interest rate is unconditionally advantageous because the interest rate of 2% is applied [base rate 1.5% + preferential condition 3] even if it is 3% or more up to 50 million won.
However, it is important to use it well because the depositor protection is up to 50 million won and the principal must be below 50 million won to enjoy the full 3% interest rate.
If you don’t have a place to use it for about 3 years as an emergency bankbook, it would be good to use the welcome employee love savings account up to 45 million won.
If you use this method, interest will be charged over 4.2 million won for up to 3 years, so it will show a return rate of close to 10%.
Well, this is sad, but it’s a higher return than I’ve been investing in stocks for 3 years.
organize
Now, this time, I compared the Welcome Savings Bank parking passbook, which is known as the hottest welcome savings bank, and the Toss Bank parking passbook, which I am using.
Well, I’ve only talked about Toss in a good way before, so you might think that the change in attitude is not too fast, but I’m going to move all but a part of the amount to the Welcome Savings Bank.
First of all, this is because the surplus funds are less than 50 million won and all preferential conditions can be satisfied.
I hope that today’s content has been a milestone for those who are comparing the two parking passbooks, and I will finish the content.