YES Keungippeum Deposit Account
Time deposit account with higher interest rates that reflect the market interest rate.
Eligibility : No restrictions
Enrollment Period : At least 1 but less than 36 months. (In month and day units)
Enrollment Amount : KRW million or more.
Interest Rate
Interest rate posted on the KEB Hana Bank website or at a branch on the date of account opening or renewal.
Interest Calculation
The principal is multiplied by the annual interest rate and number of depositing days and then divided by 365 [days] with no special consideration given to leap years.
Preferential Interest Rate
An additional preferential interest rate shall be provided when signing up for the following agreement periods via Internet banking.
- Agreement period of less than two years: 0.15% per annum
Early Termination Interest Rate (As of Aug. 13, 2014)
- Less than 1 month: 0.1% per annum
- Less than 3 months: 0.5% per annum
- 3 months or more: 0.5% per annum + (Posted interest rate for the agreement period when opening (renewing) a YES Keungippeum deposit account x 60% x recognition rate per elapsed period)
※ Elapsed period recognition rate: (Number of elapsed days from opening/renewal - 90 days) / contract days
Post-Maturity Interest Rate (As of Aug. 13, 2014)
- Less than 3 months: 1/2 of the posted interest rate for the contract period at the time of maturity of a YES Keungippeum deposit account
- More than 3 months: 1/4 of the posted interest rate for the contract period at the time of maturity of a YES Keungippeum deposit account
- More than 1 year: 0.5% per annum
Interest Payment Method
Choice between maturity payment and interest payment types.
Partial Termination
Partial termination is available up to three times including final termination, and an early termination interest rate is applied.
(The balance after partial termination must be at least KRW 1,000,000.)
Termination of Contract
Termination can be made at a branch. (Termination via Internet is possible for new accounts opened online.)
Precautions about Deposit Transactions
- If the account is terminated before maturity, the respective early termination interest rate that is lower than the agreed-upon interest rate will be applied.
- Deposit accounts may only be changed mid-term from a maturity payment type to an interest payment type.
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YES Keungippeum deposit account opened with a special interest rate (e.g. promotional anniversary interest rate) are not eligible for additional preferential interest rates
(preferential interest rate paid in accordance with the agreement period for Internet Banking).
Guide
This deposit account is protected by the Korea Deposit Insurance Corp. in accordance with the Depositor Protection Act, and the protection limit is a maximum of KRW 50,000,000 per person, including all principal and fixed interest for eligible financial products at KEB Hana Bank. The amount in excess of KRW 50,000,000 is not protected.
This information represents a summary of the contents. For details, please refer to the KEB Hana Bank Terms & Conditions or individual agreements.
We recommend seeking the advice of a specialist if necessary.