Global CNY Discretionary Savings Deposit
- Global CNY (Chinese Yuan Renminbi) Discretionary Savings Deposit
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CNY (Chinese Yuan Renminbi)
- Multiple additional deposits are permitted on one account until its maturity. Please be aware that withdrawal in KRW may lead to a loss due to foreign currency fluctuations.
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- Deposit Type
- Foreign Currency Deposit
- Currency Type
- CNY
- Deposit Method
- Savings
- Overview
- Multiple additional deposits are permitted on one account until its maturity. Please be aware that withdrawal in KRW may lead to a loss due to foreign currency fluctuations.
- Product Characteristics
- Discretionary Deposit Savings
- 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 insured.
- Currency Type
- CNY
- Eligibility
- No limitation; individual or corporate customers
- Subscription Period
- Monthly units up to 36 months
- Basic Interest Rate
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- CNY foreign currency regular deposit rate per period released as of the deposit date shall be applicable
※ Any additional deposits shall be booked by the originally designated maturity date, and thus, different interest rates may be applicable per deposit booking.
- Ex) 1 Year Maturity Deposit
Initial deposit (remaining period of 12 months) Interest rate for no less than 12 months is applied
Deposit after the 1st month (remaining period of 11 months) Interest rate for no less than 6 months is applied
- Preferential Interest Rate
- Special Preferential Interest Rate
- Additional 0.2%p plus the basic interest rate
- Preferential Period: Nov 6, 2014 ~ June 30, 2015
- Post Maturity Rate
- 3/10 of the stipulated rate per deposit booking
- Early Termination Rate
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- Less than 7 days: No interest
- Less than 1 month: 1/10 of stipulated rate per deposit booking
- No less than 1 month: 3/10 of stipulated rate per deposit booking
- No less than 3 months: 4/10 of stipulated rate per deposit booking
- No less than 6 months: 5/10 of stipulated rate per deposit booking
- No less than 12 months: 7/10 of stipulated rate per deposit booking
- Fee Waiver
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- Foreign currency cash fee is waived
- Any fee under this deposit is waived, provided, however, that the waiver is applicable up to the amount equivalent to USD 2,000 for every one year since the account opening
- Fee waived for outward remittance (overseas transfer)
- Fee is waived when this deposit is transferred in the name of the depositor to an overseas account at maturity (including post-maturity cancellation) (no restrictions on the amount and frequency)
