Current Accounts
Fixed Deposit Accounts
Time Deposit Accounts
Specialized Services
Features
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.
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.
Eligibility
No limitation
Currencies
13 Currencies* whose interest rates are officially quoted.
( * include USD, JPY, GBP, CHF, EUR, CAD, AUD, NZD, HKD, SEK, DKK, NOK, and SGD)
Foreign currencies whose interest rates are not officially quoted can be deposited under an agreement with the Bank.
Period
Less than 1-Year, (on either a monthly or daily basis)
Amount
No limitation (Korean resident can deposit foreign currency purchased with Korean won without restrictions on the amount)
Pre-maturity Closing
Pre-maturity closing is possible and the interest rates vary accordingly to the term you choose.
Less than 7 days: None
7 days ~ less than 1 month: 1/10 of agreed interest rate
Over 1 month ~ less than 3 months: 3/10 of agreed interest rate
Over 3 months ~ less than 6 months: 4/10 of agreed interest rate
More than 6 months: 6/10 of agreed interest rate.
Interest Rate After Maturity
3/10 of the agreed interest rate depending on the number of days elapsed after maturity shall apply.
¡Ø This product is not protected by the Depositor Protection Act.
e-banking users (whose foreign currency deposit is registered as a withdrawal account) can open the account immediately.