[Asia Economy Reporter Buaeri] The National Credit Union Federation of Korea announced on the 5th that it will launch the 'Plus Fixed Deposit Savings' product, offering up to 10% interest, in collaboration with Hyundai Card.
The subscription period is 6 months, from today until March 31 of next year. Only one account per person is allowed. It is a 1-year maturity product with monthly deposits ranging from 10,000 KRW to a maximum of 300,000 KRW.
The base interest rate is 3.5% per annum. After issuing a Hyundai Card affiliated with the credit union, if you use the card for more than 100,000 KRW each month for six consecutive months starting from the month after the card issuance month, an additional preferential interest rate of 6% per annum will be provided.
Additionally, if you meet the following conditions, you can receive an extra 0.5% interest rate: registering a credit union demand deposit account under your name as the Hyundai Card payment account (0.2%), registering automatic transfer of the Plus Fixed Deposit Savings to the credit union demand deposit account opened for the savings (0.2%), and transferring a monthly salary of 500,000 KRW or more for three consecutive months from the month of subscription to the savings account until two months before maturity (0.1%).
The preferential interest rate applies only to those who are first-time Hyundai Card issuers, those whose existing Hyundai Card validity expired as of the card issuance date, those with no usage on their existing Hyundai Card for six months or more, and those who are non-members of Hyundai Card.
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