- Woori We’ll Rich Joogerae Fixed Deposit
- A New Investment Technique with Benefits For Main Transactions
- A new investment technique with a sizable sum of money
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- Product Type
- Sizable sum of money investment product
- Eligibility
- Any individual customer
- Subscription Period
- 6 months or 1 year from the deposit date per deposit booking
- Subscription Amount
- Account Opening: No less than KRW 1 million, Additional Deposit: No less than KRW 500,000
- OK with Just One Account
- No need to open a new regular deposit account, just make additional deposits! Manage multiple deposites easily and conveniently with just one account.
- Automatic Re-Deposit
- Automatic re-deposits of interest and principal at maturity! Enjoy annual compound interest rates for up to 10 years conveniently.
- Priority for Main Transaction Designation
- As a thank you to all customers who have designated Woori Bank as their “main transaction bank”, Woori Bank will be providing them with the preferential interest rate of 0.2%p.
- Overview
- A new investment technique with a sizable sum of money
- Characteristics
- With just a single account, you can manage multiple regular deposits.
You can make additional deposits through various methods, such as the branch counter, electronic banking, or transfers from other banks.
- Depositor Protection
- This financial product is insured by the Korean Deposit Insurance Corporation (KDIC) under the Depositor Protection Act. All your applicable deposits, including the principal and any interest accrued thereon, shall be protected up to “the maximum limit of KRW 50 million“ per customer. Any amount exceeding the limit of KRW 50 million shall not be protected.
- Eligibility
- Any individual customer can open an account.
- Subscription Amount
- Account Opening: No less than KRW 1 million
- Additional Deposit: No less than KRW 500,000 (available up to 10 years from the original subscription date)
- Subscription Period
- Deposit period may be chosen as either 6 months or 1 year from the original deposit date
(Only 1 account per deposit period – up to 2 accounts per customer) - For additional deposits, the deposit period opted at the account opening shall be applicable to the deposit date per deposit booking Re-deposit is available up to 10 years from the original deposit date per deposit booking For each deposit booking, on the 10th anniversary from the original deposit date, the deposit amount shall be automatically transferred to the designated account in the name of the account holder.
- Applicable Interest Rate
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- As of Inquiry Date :
- 2015. 10. 03 (annual interest rate, before tax, %)
Category Period and Amount Interest Rate (Annual) Note Prescribed Rate 6 months 1.30 Preferential rate of 0.2%p when the requirements are met 1 year 1.45 Early Termination Rate ▶ Early termination rate for regular deposit announced on the deposit date Post Maturity Rate ▶ Post maturity rate for regular deposit announced at maturity per deposit booking
- Preferential Treatment
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Category Preferential Treatment (up to 0.2%p is offered when any 1 or more of the requirements per deposit category are met) New Account Opening - 1. New Woori Bank customers
- 2. Existing Woori Bank Samsung Securities Cyber Securities Account holders
New Account Opening and Additional Deposits - 1. Woori Bank household loan borrower as of the deposit date
- 2. Customer who has met no less than 2 “Main Transaction Preferential Treatment Requirements” (refer to section below) as of the preceding month of the deposit date (provided, however, that it shall be the month before last of the deposit date for the days before the 10th day of each month)
- 3. Deposit of no less than KRW 30 mil per deposit booking
Re-Deposit 1. Automatic re-deposit at maturity (preferential treatment at re-deposit booking)
- Main Transaction Preferential Treatment Requirements
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If you have met no less than 2 of the following “Main Transaction Preferential Treatment Requirements” as of the preceding month of the deposit date, you are qualified.
(provided, however, that it shall be the month before last of the deposit date for the days before the 10th day of each month)
①When you receive your salarynote1) or pensionnote2) with a Woori Bank account
②When you pay utility bills for no less than 3 times or register an automatic withdrawal service for the apartment management fee with a Woori Bank account
③When you designate a Woori Bank account for the payment of a Woori Credit Card or Woori Debit Card
Note 1) Payroll Deposit: When any one of the following requirements are met
1. When no less than KRW 500,000 is deposited as of the transfer date designated by the customer
(The transfer should be made on the prescribed date and if such a date is a public holiday, it should be deposited on either the previous or the next business day)
2. When no less than KRW 500,000 is deposited through the transfer described in the bank note abstract as “salary,” “monthly salary,” “wage,” or “work allowance”
3. When no less than KRW 500,000 is deposited through the transfer described in the bank note abstract coming from the company name registered as the customer’s company in the Woori Bank database
※ Provided, however, that any transfer from an individual person’s account is excluded
Note 2) Pension Deposit: The word “pension” is printed in the bank note abstract and the depositor/transferor is not an individual or an individual business
(Example: National pension, public official pension, military pension, private school pension)
- At Maturity
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At maturity, for each deposit booking, the principal and interest of this deposit is automatically paid out. After the relevant tax deduction regarding the interest, any one of the following methods chosen by the customer shall be applied.
1. Re-deposit to this deposit account
2. Transfer to a designated account in the name of the account holder
At maturity, for each deposit booking, the customer may choose any one of the above methods, and if none is chosen, the customer shall be deemed to have chosen the automatic re-deposit.
Re-deposit is available up to 10 years from the original deposit date per deposit booking and for each deposit booking, on the 10th anniversary from the original deposit date, the deposit amount shall be automatically transferred to the designated account in the name of the account holder.
- Product Name Change
- “Woori Joogerae Fixed Deposit” has been re-named to “Woori We’ll Rich Joogerae Fixed Deposit.”
