Woori ONE Interest compounded Turn over Deposit
- Woori ONE Interest compounded Turn over Deposit
- A deposit account for which compound interest rate is paid based on a rete-change cycle selected by the customer.
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- Type of product
- deposit of foreign currency
- Deposit Currency
- USD, JPY, EUR, CAD, CHF, GBP, AUD, HKD, SGD, NZD, SEK (11EA)
- Deposit Amount
- time deposit (turn over)
- Overview
- A deposit account for which compound interest rate is paid based on a rete-change cycle selected by the customer.
- Characterisitics
- You will be paid compound interest rate based on a rete-change cycle and you can sellect the rate-change cycle.
- Deposition Protection
- This deposit account is protected by the Depositor Protection Act but the protection limit is “KRW 50 million” per person, which combines the principal and prescribed interest of all financial products protected by the Act in Woori Bank. The amount that exceeds KRW 50 million will not be protected.
- Deposit Currency
- USD, JPY, EUR, CAD, CHF, GBP, AUD, HKD, SGD, NZD, SEK (11EA)
- Subscriber qualification
- No limitation
- Openning Amount
- More than USD1,000
- Subscription period
- 12months~36months
- Interest rate
- Interest rate applies based on the interest rate of Foreign Currency Time Deposit with the same period and it changes based on rate-change cycle.
- Early termination Interest rate
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- Less than 7days : No interest rate
- Less than 1month : 1/10 of contractual interest rate
- 1month~ Less than 3months : 3/10 of contractual interest rate
- Over 3months : 4/10 of contractual interest rate
- Favor
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- Additional interest
- Early termination after 1year : additional 0.1%p per annum
- Early termination after 2years : additional 0.2%p per annum
(Additional interest rate is not available in case less than 1month rate-change cycle and partial withdrawal)
- Discount on F/X rate
- Deposit through automatic transfer or Internet : 50% discount(USD, JPY, EUR),30% discount(other currencies)
- F/X or Remittance : 30% discount
- Preferential Fee
- No Cash Fee : Cash withdrawal 1month after deposit, up to USD2,000 per annum
- Partial withdrawal
- Up to 5times partial withdrawal case-by-case basis deposit available, in case 1month after each deposit .
