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KRW Deposit

A. Checking Account (KRW)

A flexible account for you to deposit and withdraw funds freely
 
√ Eligibility
Anyone

√ Holding Period
No limit

√ Annual Interest Rates
☞Interest Rates

√ Interest Payment
Interest is calculated on every Jun 20 and Dec 20 and added to the principal on the next business day.
 
* Please refer to the Terms & Conditions for details.
* This information was provided in Oct 2020 for your reference, and thus, the actual business process will conform to the relevant regulations at the time of actual business.
The deposit in this account is protected by the Korea Deposit Insurance Corporation (KDIC) under the Depositor Protection Act. The KDIC coverage limit is up to 50 million won per depositor for the aggregate of all of his/her insured financial products with this (bank / merchant bank / mutual savings bank) including principal and designated interest. The rest of the amount in excess of the coverage limit (50 million won) is not protected.


B. Savings Account (KRW)

A fixed-term account for you to hold a certain amount of KRW funds for the contract period.
 
√ Eligibility
Anyone

√ Holding Period
1 month, 3 months, 6 months, 1 year, 2 year, 3 year

√ Annual Interest Rates
☞Interest Rates

√ Interest Payment
Interest is calculated based on the rates in effect and agreed on the date of the opening of this account (differential rates for different holding periods) and paid with the principal on maturity. But if you make a premature cancellation, the early withdrawal rates will be applied.
 
* Please refer to the Terms & Conditions and Product Information for details.
* This information was provided in Oct 2020, and thus, the actual business process will conform to the relevant regulations at the time of actual business.
The deposit in this account is protected by the Korea Deposit Insurance Corporation (KDIC) under the Depositor Protection Act. The KDIC coverage limit is up to 50 million won per depositor for the aggregate of all of his/her insured financial products with this (bank / merchant bank / mutual savings bank) including principal and designated interest. The rest of the amount in excess of the coverage limit (50 million won) is not protected.