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Features |
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The reasonable rates for Foreign Currency Time Deposit are set for a term you choose.
Risk-free, no need to nag your mind whenever exchange rates are fluctuating. |
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This product is particularly useful to people who want to save money regularly either in their own name or under name of your loved ones. |
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13 Currencies* whose interest rates are officially quoted.
( * include USD, JPY, GBP, CHF, EUR, CAD, AUD, NZD, HKD, SEK, DKK, NOK, and SGD) |
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Foreign currencies whose interest rates are not officially quoted can be deposited under an agreement with the Bank. |
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Less than 1-Year, (on either a monthly or daily basis) |
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No limitation (Korean resident can deposit foreign currency purchased with Korean won without restrictions on the amount) |
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Pre-maturity closing is possible and the interest rates vary accordingly to the term you choose. |
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Less than 7 days: None |
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7 days ~ less than 1 month: 1/10 of agreed interest rate |
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Over 1 month ~ less than 3 months: 3/10 of agreed interest rate |
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Over 3 months ~ less than 6 months: 4/10 of agreed interest rate |
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More than 6 months: 6/10 of agreed interest rate. |
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Interest Rate After Maturity |
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3/10 of the agreed interest rate depending on the number of days elapsed after maturity shall apply. |
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e-banking users (whose foreign currency deposit is registered as a withdrawal account) can open the account immediately. |
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| ¡Ø This product is not protected by the Depositor Protection Act. |
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