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Features |
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Do you want to see your wealth growing for short-term investment or long-term retirement plan?
'Monthly Installment Deposit' withdraws a certain amount from your account at an agreed-upon date and accumulates your money at yearly-bearing interest rate. |
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Not available for foreign-non-residents in Korea |
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6 months ~ 60 months (monthly basis) |
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Prime rate for Automatic Transfer.
There is additional benefit of 0.2%, if the deposit is made through automatic transfer, PC banking, or Phone banking services for more than two thirds of the deposit period and closed at maturity. |
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Tax Benefits Condition For residents only |
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Deposit period should be longer than a year and the period from opening to closing of the account should also be more than a year. |
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Limit depending on a total amount regardless of trading financial institutions or deposit types. |
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Deposit Limit: KRW 40,000,000 per person 60,000,000 for the disabled or elderly people, KRW 15,000,000 for minors) |
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Elderly person: 60 or older for male and 55 or older for female |
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10.5% (as of Jan. 1, 2002)
(Income Tax: 10%, Special Tax for Rural Development 0.5%) |
| ¡Ø This product is protected under the Depositor Protection Act. |
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e-banking customers may open the account immediately if they have opened Yes Internet Bankbook. |
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